The Currency Scene
Identifying limits associated with branch cash management
- Written by: Matthew S Daye
- Category: Banking
Over the past few years, industry experts have predicted the end of physical branches and that customers would progressively move away from cash transactions. However, in an article that was published in 2012, McKinsley & Co. showed that the share of cash in all American retail payments was still nearly one-third. This has forced financial institutions to re-think their models to better predict the amount of cash they’ll need to accommodate their account holders.
How Blockchain Technology is Changing the World
- Written by: John Hawthorne
- Category: Digital Currency
Since the earliest days of the internet, community and security have been key topics associated with both the growth of the digital age and the difficulty of finding a secure place within it.
A noble, albeit elusive goal, the tech giants of today still struggle with the open concept of the internet, while at the same time trying to guarantee with certain securities. Passwords, queries, and the infamous “I am not a robot” prompts are time tested solutions that keep us safe amongst an ever growing online population.
But do they really?
Why Lawmakers are Protecting Cash Usage
- Written by: Samir Kadi
- Category: Currency
Efforts to ban cashless retail are gaining momentum across the nation. Earlier this year, Philadelphia became the first major city to ban cashless retail stores in an effort to protect consumer access to the marketplace. New Jersey, San Francisco, Massachusetts, and other cities and states quickly followed suit. In total there are 11 bills currently approved or making their way through the legislative process.
Where do bankers' children bank?
- Written by: Banking Exchange
- Category: Banking
Much has been written about millennials and the way they bank, but what of those with a banker in the family? Does having an insider’s view change the way this select set of millennials bank? What we found after talking to several bankers with adult millennial children (and some with slightly older Gen X kids) is that the answer, in short, is “No.”
Seven myths about the Bitcoin blockchain
- Written by: CIO
- Category: Digital Currency
Everyone’s talking about the Bitcoin blockchain – a global, distributed ledger of transactions for the Bitcoin digital currency – allowing for peer-to-peer payments over the Internet.
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.
Bitcoin Mining - Do You Have the Energy to Profit?
- Written by: Matthew S Daye
- Category: Digital Currency
From its creation in 2008 by a mysterious individual who calls himself Satoshi Nakamoto, the bitcoin Digital Currency has spawned financial innovation and a new specialty in global IT production. Despite there being a mere $3.8 billion bitcoin in circulation, price collapse and security breaches, bitcoin serves well as a currency because there is limited supply, it’s tough to earn and easy to authenticate.
