# data[].attributes.headline
The Occupation and field of banking has changed drastically over the past    20 + years since the introduction of the internet. The impact of the internet and a global network of banking has created a society in which money is no longer a tangible object, but a set of digital numbers moving instantly from one account to another. 

# data[].attributes.subject
The Occupation and field of banking has changed drastically over the past    20 + years since the introduction of the internet. The impact of the internet and a global network of banking has created a society in which money is no longer a tangible object, but a set of digital numbers moving instantly from one account to another. 

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It allows retailers to offer their customers to buy now and pay later without requiring a traditional credit, upfront fees or interest. Retailers offer Afterpay to customers, either online or in-store. The customer pays a quarter of the purchase amount to Afterpay who pays the retailer upfront. Customers pay the remainder for the item(s) in four instalments, due every two weeks. If the customers makes all their payments on time, they pay nothing more than the purchase price.

Impact

Individuals are no longer using the traditional method of putting payments on credit at their bank, and instead are choosing to use independent systems of deferred payments or loans.

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Online banking is a method of banking in which transactions are conducted electronically over the internet. It provides consumers with a convenient method of conducting bank business. Consumers can check account balances and review other account information any time of the day or night from their personal device.

Impact

Consumers now have the ability to perform transactions online that were traditionally reserved for tellers inside a bank branch. Teller transactions have declined because Internet users have the convenience of transferring funds, making deposits and requesting withdrawals from their personal computers. There may also be the opportunity for more positions in IT, due to the need for online security and cybersafety.

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An Automated Teller Machine (ATM) is an electronic device that enables account holders to make financial transactions e.g cash withdrawls, transfer funds, make despoits or obtain their account information. This is all done without the need of interaction with bank staff, and can be done at any time.

Impact

As cash money increasingly becomes obsolete the need for ATMs will diminish. This unburdens banks from paying for the construction and installation of ATM machines, and also they no longer have to pay workers to maintain these machines. The issue of individuals breaking into ATM machines and stealing money will also no longer be a problem. All of this saves banks considerable resources, money and time.

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Paying with a phone or Apple Watch (Apple Pay)

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Paying with a phone or Apple Watch (Apple Pay)

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Apple Pay is a mobile payment and digital wallet service provided by Apple in conjunction with the individuals bank. It replaces a credit or debit card through the integration of digitised payment. It makes it easier for the individual to purchase items as it is supported on the iphone, ipad and apple watch, objects that are often already carried on an individuals person.

Impact

When an individual opens an account with a bank they receive a credit or debit card. This costs the bank money to produce. With the introduction of Apple Pay that cost to the bank is no longer there. Other impacts to individuals include the inclination to spend more money as the removal of the physical transaction of money is no longer present.