The Currency Scene
How Fraud Victims 'Punish' Their Banks
- Written by: Bankinfo Security
- Category: Banking
Would you leave a bank after an unauthorized charge on a credit card or a strange debit from an account? It's a question for financial institutions evaluating the impact of a security breach.
A new study by Carnegie Mellon University researchers suggests that some customers will, in fact, leave even if they receive quick refunds of losses due to fraud. The study is one of only a few correlating the impact of a fraud incident on customer loyalty.
Selling Your ATM Portfolio – What Buyers Are Looking for Today
- Written by: ATM Atom
- Category: ATM
As with any business, ATM owners and operators (IADs) get started with one purpose in mind: to make money. They might purchase a few machines, find suitable locations and eventually grow their efforts into a full-time money-making operation. Yet despite the business acumen and go-getter attitude needed to get started, many business owners fail to consider is an exit strategy. In fact, one of the most asked questions from ATM operators is: what is my business worth? Valuation, sale and and how to profitably exit are often a mystery. Triton sat down with Jeff Sosville of ATM Brokerage to pick his brain about portfolio valuation, the state of the market and the variables involved when purchasing or selling an ATM business.
Banknotes are symbols, a cashless society would kill them all
- Written by: Ryan Martin
- Category: Currency
Banknotes have taught us the value of money, they are a way to pass on a country’s history, to remind us of our past... and yet their future is very uncertain. Several countries have promised that they will soon be cashless. Banknotes will progressively disappear but the public might be unaware of the aftermath of such a change. Thanks to investigative journalist Ryan Martin for this insightful look at what might be in store in a cashless society.
Bitcoin for Beans
- Written by: Doug Deitel, Publisher
- Category: Digital Currency
With all the turmoil in financial markets these days, from the currency crisis in China to the collapse of stock prices around the word, I began to get a little nervous thinking about what could happen next here in the U.S. That's when I decided to take some action!
An ATM -- Or an unpatched and easily hacked PC
- Written by: The Register
- Category: ATM
Almost any cash machine in the world could be illegally accessed and jackpotted with or without the help of malware. Security researchers at Kaspersky Lab reached this conclusion after investigating real attacks on ATMs and assessments of the machines carried out for several international banks.
According to Jewish Law is Bitcoin Considered to be Money?
- Written by: Chabad
- Category: Digital Currency
Recently a Florida Judge ruled that Bitcoin isn't money. This ruling ended up throwing out an anti-money laundering charges against one Michell Espinoza. Whether Bitcoin is considered money or not could have further implications not only in the legal cases but how governments regulate (or try to regulate) this "digital currency". However looking through the lense of history, would Bitcoin been considered "money"?
Is It Time to Redesign Card Technology for ATMs
- Written by: ATM Marketplace
- Category: ATM
The oldest challenges in the ATM industry are the security of cash inside the machine and the guarantee that the withdrawer is genuine.
Whereas the magnetic stripe has been used for a long time, EMV chip and PIN is now commonplace in the ATM industry for withdrawals in the U.K. and Europe. But the fact that EMV is not truly global as yet means that fraud can continue to take place.
