How Technology Has Impacted Our Life Today

Technology Has Affected Bill Payments And Revenue Management

We no longer need to go to a bank to withdraw funds or send them to somebody else. Many banks have online transactions available to customers worldwide. PayPal and Venmo have built massive online platforms that allow consumers to send and receive money from anywhere in the world.

Paying taxes has also become more accessible, thanks to technological advancements. Instead of remembering to mail a check, we can routinely schedule payments. We can handle all our required bill payments online using our phone and a banking app.

Using a banking app to set up automated payments is especially beneficial for seniors with memory issues. Caregivers or loved ones can assist with setting up recurring bill payments so that there is never a doubt about whether or not the payments occur on time.

We can even pay for everything with our phones. We do not have to handle cash whenever shopping by utilizing Apple Wallet and Google Pay. These encrypt the link between your bank account and your phone.