“In conclusion,” “in the end,” “in closing,” “in
summary”—these are the phrases that make our ears perk up. Are
you perked? Good! Thanks for joining me and my team on the last
leg of our short journey.
Throughout our time together, we took some scenic stops
where we talked and learned more about all of the different aspects of Digital
Payments in our society today. It really
is something to look into more for yourself, even after this course. If you ever have questions or want to know
more information on how you can get more involved with digital payments, skim
through our blogs! We’ve already done
the research for you! (*You’re welcome*)
Overall through the past several weeks, we broke the broad
Digital Payment category into smaller sections for you: Credit/Debit Cards
(most popular), Internet, Mobile Payments, Financial Service Kiosks, Electronic
Payment Network, and Person-to-Person (P2P) Payments. I am sure most—if not all—of you implement at least one of these forms of digital payments. One form that is rising in popularity is the
app geared toward payments. So many
people today (but not all of us, brave souls we are!) have Smartphones or some
sort of device that can gives its user access to their personal information and
their banking account. Almost convenient and creepy at the same time, don’t you
think? But WAIT! It’s not! Did you not read our two blogs set aside
specifically for you to be informed about all of the securities? Scroll down
and do so.
Digital Payments seem too good to be true, don’t they? Would you not think that in a handful of
years, we will completely go from cash to digital? Believe it or not (unless
you read Cynthia’s *amazing* blog from last week below), it looks like cash is
not going anywhere anytime soon. The amount of purchases and transactions with
cash outweighs the digital processes by far.
But do not completely disregard digital payments now! On the contrary!
Although cash still has the upper hand, the amount of digital payments users
continues to steadily rise. Below is a
table that lays out from 2009 to 2016 the increasing number of users
incorporating digital payments to their daily lives. Take a look!
(Lunden)
In the end, what is the point of Digital Payments? Quite simply put, it is all about you –
convenient, portable, secure, immediate, and easy! So go out, and just take yourself and your
ten dollar bills, or your Debit card, or your Smartphone with the payment
app. It’s your choice. Which will you choose?
Citation
Lunden, Ingrid.
"Gartner: Over $172B In Mobile Payments In 2012; SMS, Web Most Popular
Routes." TechCrunch. Ingrid Lunden, 29 May 2012. Web. 4 Nov. 2013.
I personally use digital payments quite a bit when paying bills or shopping online. However, I try to always keep cash in my wallet when I go out because there is always the risk of going to a restaurant or some store where the system is down and debit/credit cards can't be swiped. Online payment sites can even go down for a short period of time as well. I believe this is one reason why cash will never die out completely.
ReplyDeleteI use some form of digital payments everyday. It definitely has made my life a lot easier. So much so that I rarely have cash. It's such a hassle to stop at an ATM. I'm trying to get better at that just because you never know when you'll need a little bit.
ReplyDeleteGreat blog! I use digital every month. I use digital payments to pay my cell phone bill, and my car payment. Its much easier than mailing a check or cash back to the company.
ReplyDeleteYour post seriously made me laugh out loud. This was very entertaining and easy to stay intrigued! :) I am a huge user of digital payments and I have forgotten what it is like to write out a check and mail something!
ReplyDeleteHa fun blog! I have a Wells Fargo app on my phone so you already know I use it all the time! And I don't think I have seen a bank teller in years because all I ever do now is go to the ATM to deposit checks and cash.
ReplyDeleteAs convenient as digital payments have made our lives a part of me misses the so called "paper trail" that cash or check payments leave. No matter I still have to get used to the change and learn to retain payment confirmation emails no matter how many I get.
ReplyDeleteGreat introduction! I learned a lot about digital payments with your blog! Making payments online has become a standard in my life, and I don't think I'll switch to any other alternative, at least not for now.
ReplyDeleteDigitial payments have nearly taken over. It is rare do that you see cash these days especially with the younger generations. With new apps and tools the digital market place has taken over! Good blog.
ReplyDeleteI absolutely love digital payments and will continue to use them overtime. Regardless of how scary some say that they are I am willing to take the risk because I someone is gone get you they will find out a way regardless. I believe that digital payments are an extreme benefit for most of us and we just need to take necessary steps in order to protect ourselves online just as we do what we can to protect ourselves each day,
ReplyDeleteNice topic, I often use digital payments, it convenient and easier for me, but we also have to be very careful . Electronic payment lowers costs for businesses.
ReplyDelete