If you think banking over the Internet is the latest trend, you may be in for some surprises…and for some revolutionary new ways to conduct your daily financial transactions using prepaid cards, credit and debit cards, and cell phones.
Many financial institutions as well as retailers, cell phone service providers and other companies are also offering special incentives (including waiving or reducing fees) to consumers who use high-tech payment methods. But while the new services can provide benefits, they also can present questions and concerns about security.
In this month’s newsletter, the FDIC offers an overview to help introduce you to new forms of technology in banking. Download the June 2007 Money for Life newsletter (pdf) for more information.