The History of Online Banking (INFOGRAPHIC)

We can’t stop progress and it’s hard to believe that only 30 years ago we wouldn’t have thought of doing our banking anywhere but in the physical bank and wait in line to see a cashier with our paycheck in our hands, to have it deposit in our bank account, so we can go do checks that we had to mail to pay our bills.

Now, we don’t even have to go out to do all that. When it’s cold and rainy outside, we just have to open our laptop and everything is at the tip of our fingers. Literally.

Yeah, you guessed it, I am talking about online banking. But doing our banking online has been feared for a long time by many people, remember how we used to be afraid of some hacker stealing our identity if we paid our bills or bought something online. I know I did !

Today, the bank websites are pretty secure and most people are feeling safe to achieve these tasks without giving it a single thought. It’s now implanted in our everyday routine and we can take care of it all in the comfort of our own home or anywhere we want, for that matter, with the arrival of the smartphone.

Well Yodlee, the “man behind the curtain”, had made it all possible. The company developed the technology that gives us the possibility to transfer money between accounts, pay bills, etc. So they put together this cool infographic, with the help of Lemonly, about how it all began and the evolution online banking took from 1983 until 2012.

Click on infographic to enlarge

History of Online Banking
by Lemonly

Photo credit: Images_of_Money/Flickr



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