The Currency Scene
The Big Debate Over Opening Bank Accounts Online
- Written by: Deposit Accounts
- Category: Banking
Online banking continues to grow, but that’s not to say there aren’t obstacles keeping it from exploding. The banking industry is ramping up the noise about changing rules that make it difficult to open accounts remotely, and Congress has the topic on its agenda.
Do All Banks Need A Mobile App?
- Written by: American Banker
- Category: Mobile Banking
The new federal guidelines on mobile security held a few surprises, especially for small banks. Perhaps the biggest curveball was the suggestion that mobile may not be a good fit for everyone.
Over $9 Million Is Stolen Each Year From Banks and Armored Cars!
- Written by: Matthew S Daye
- Category: Cash-In-Transit
In November 2013, the Prosperity Bank in El Campo, Texas was robbed. According to the local El Campo Leader-News, three suspects, had been placed on trial – and they have pleaded guilty. Score one for law enforcement. In other news, an armored car, carrying $4 million, was hijacked by robbers. The robbers apprently took the vehicle to a metalworking plant and cut it open to get to the money. This time they got away. Sound more familiar?
Taiwan Heist Highlights ATM Weaknesses
- Written by: Bankinfo Security
- Category: ATM
The theft of $2.2 million from dozens of ATMs in Taiwan, executed using malicious software, defies a years-long effort by banks and software vendors to strengthen the security controls of ATM fleets.
Digital Currency Doesn't Mean We're Dropping Cash
- Written by: Matthew S Daye
- Category: Digital Currency
There's interesting news out of Ecuador. The government is planning to release a new digital currency, possibly as soon as late this year. Unlike Bitcoin and other existing digital currencies, this new version will be the first digital currency released by a national central bank as an official state currency.
Does this step indicate a "giant leap forward" for an all-digital monetary system, moving us even closer to a completely cashless society? While a total lack of cash may be somewhere in the future, we're not there yet. Not even close.
The Best Bank Accounts For College Students
- Written by: Forbes
- Category: Banking
College students only need two things when it comes to a bank account. They don’t want to pay any fees. And they want easy access to their money. Fortunately, there are a number of student checking account options that satisfy these requirements.
Hurry up with that EMV upgrade. Replacing debit cards with smartphones may be next!
- Written by: Matthew S Daye
- Category: ATM
Just when you thought the latest round of upgrades to your ATM fleet were finished along comes the next big idea - ATM Cash using a Smartphone. Several banks in the US and Australia, and some pretty big players in the ATM manufacturing and transaction processing space have been testing - and rolling out - the latest ATM cash withdrawal technology. So... will your smartphone one day replace your ATM card?
