The Currency Scene
First EMV Fraud on the Public: EMV Cards Are Secure!
- Written by: Matthew S Daye
- Category: Cards & Payments
The card industry has been battling the instance of payment card fraud ever since the first credit and debit cards were issued years ago. From the 1960's to around 2003 the magnetic stripe on the back of the card was the means by which card information was exchanged with the networks to effect a transaction. Over the years, criminals learned that the magnetic stripe was easily compromised and so the industry sought a more secure solution. Enter EMV (Europay, MasterCard and Visa, also known as chip and pin) technology. Is EMV the secure solution it is claimed to be? Don't bet your bank balance on it!
Starting an ATM Business? 7 Things You Must Do!
- Written by: Jeff Sosville, Founder, ATM Brokerage
- Category: ATM
Running your own ATM business can be very profitable. But with several big players, banks and many experienced competitors already in the game, success can be elusive to a new owner. Guest columnist Jeff Sosville, Founder of ATM Brokerage, provides his insights on the 7 most important things you must do when setting up your ATM business.
Don't Get Caught with Your Pants Down
- Written by: Matthew S Daye
- Category: Cash-In-Transit
In Oregon not too long ago we again hear the typical story about the risks of secure transport. It was reportedd that two cases of money were stolen from an armored car in Northeast Portland. The money was on its way to an ATM machine.
8 mistakes to avoid when starting an ATM business
- Written by: Jeff Sosville, Founder, ATM Brokerage
- Category: ATM
Running your own ATM business and keeping it profitable can be a real challenge. Small to medium-size operators often face stiff competition from more established players. And. without years of experience they may make common mistakes that can be very costly. Guest columnist Jeff Sosville, Founder of ATM Brokerage, returns with his latest insights on the 8 mistakes to avoid when operating an ATM business.
Do You Have a Generic Banking Brand? Or a Niche Focus?
- Written by: Kevin Tynan, The Financial Brand
- Category: Banking
Community-based institutions must serve a specific niche in order to survive. Do you know what your unique position is in the market? Or do you have a generic brand? A marketing plan is just not enough.
Why Taiwan Might Become a Blockchain Island
- Written by: Matthew S Daye
- Category: Digital Currency
Bitcoin is the pioneering cryptocurrency that has lasted for more than ten years despite the many market challenges. Taiwan is among the first countries to take blockchain use seriously. Jason Hsu, a vocal congressman of this island plans on integrating bitcoin use on a national scale, which he says will make Taiwan the place to be for people working on the blockchain technology.
Possible Futures for Forecasting Cash Demand
- Written by: Matthew S Daye
- Category: Currency
We're reading some interesting things these days--some old and some new--and wanted to share a few tidbits. While new technology might do away with the actual cash itself, forecasting cash demand will always be necessary even if the cash, literally, no longer exists!
