9% increase in the # of jobs in the financial sector of economy between no and 2020. People that needed finance are manufacturing, marketing, colleges, and not-for-profit organizations. Must be honest, have a strong background in accounting or mathematics, know how to use a computer to analyze data, and be an expert at both written and oral communication. Jobs Include: bank officer, credit officer, financial analyst, financial planner, loan officer. Insurance analyst Preparation is key, begins before you apply. Get to know potential leaders before asking for $, borrow money where business does banking, check firms credit rating, with D&B, loan application, current business plan, submit current financial statements, references, loan request, -Automatic Teller Machines (ATMS)- Electronic bank teller; a machine that provides almost any service a human teller can provide. Dispenses cash from checking/savings account. Fee for transaction
- Automated Clearinghouses (ACHs)- Designed to reduce the # of paper checks, automated clearinghouses process checks, recurring bill payments, SS benefits, and employee salaries
- Point-Of-Sales Terminals (POS)- Is a computerized cash register located in a retail store and connected to a banks computer. Pull out bank card, through magnetic card reader, processing center notifies, as your bank that you want to make a purchase, bank immediately adds the amount to transaction, deducts the amount if credit card, purchase is added to the store's account
-Electronic Check Conversion (ECC) Process used to convert information from a paper check into a electronic payment for merchandise, services, or bills. Check is processed through an electronic system that captures your banking information and the dollar amount, sign receipt, and you get voided a check back.
Speed banking transactions