The Currency Scene
Solving the Challenge of Growing ATM Costs: Managed Services or ATM Outsourcing?
- Written by: Yonas Marcos
- Category: ATM
Despite growth in online shopping and cashless technologies, consumers continue to love cash. According to the 2018 Diary of Payment Choice by the Federal Reserve Bank of San Francisco, cash accounts for approximately 34 percent of all payments across age groups, cementing ATMs as a vital touch point between financial institutions and their account holders – especially for younger consumers.
How Your Smartwatch Reveals Your ATM PIN Codes
- Written by: INC
- Category: ATM
Hackers who gain control of a smartwatch can record hand motion down to the millimeter and steal PIN numbers when they are entered at ATMs with 80 percent accuracy on the first try, and over 90 percent accuracy after three tries, according to researchers at the Stevens Institute of Technology in New Jersey and Binghamton University in New York.
INFOGRAPHIC: The Incredible Growth of Fintech
- Written by: 16 Best
- Category: Banking
As a truly modern trend, Fintech stretches out to all major aspects of life. Get to know the most fascinating numbers and facts about one of the most booming industries of our days in the infographic that follows. Thanks to our friends at 16BEST and another big shout out to Josh Wardini and his team at WebmastersJury for putting together this incredible infographic.
Revenue and Costs of Running a Bitcoin ATM
- Written by: Coin ATM Radar
- Category: Digital Currency
In a recently completed study, our friends at Coin ATM Radar (http://www.coinatmradar.com) have laid out in great detail concepts that both new and experienced operators will encounter when operating a Bitcoin ATM. The Bitcoin ATM industry is growing fast. If you are considering taking the plunge into this challenging but nonetheless potentially lucrative field, check out what the experts advise on the topics of fees, operating costs, profitability, legal hurdles and more.
What To Look For In A Cash-in-Transit Provider
- Written by: Matthew S Daye
- Category: Cash-In-Transit
Trusting a cash-in-transit company with transporting cash or other valuables is not something you should do until you have thoroughly researched your options. About 60% of the cash-in-transit global market is controlled by only five companies due to the high cost of offering this kind of service. Here are a few things you should look for when selecting a CIT service provider.
Could virtual reality be the next big thing in banking?
- Written by: Matthew S Daye
- Category: Banking
While we have been hearing predictions about the disruptive impact of virtual reality (VR) headsets for many years, questions still remain. Now that some models have finally made it to market (including the Oculus Rift from Facebook), we must ask: Could VR devices also cause similar disruption within the banking industry?
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.
