The Currency Scene
New Money/Old Money: A look back at the newest U.S. hundred dollar note
- Written by: Matthew S Daye
- Category: Currency
"New money" became a literal term as the U.S. Federal Reserve Bank released the latest revision of its venerable $100 note into the U.S. currency supply chain on October 8, 2013. Staying a few steps ahead of counterfeiting threats, this new bill was designed with improved security features, making it easier for banks and businesses to validate but more difficult for counterfeiters to fake and bamboozle. Not to worry, if you have any older hundreds, they are still good!
Bitcoin: Why It Now Belongs in Every Portfolio
- Written by: Nasdaq
- Category: Digital Currency
A technology is called “disruptive” if it creates a new market that first disturbs and then displaces an earlier technology. Bitcoin is potentially such a technology and much more.
Security Risks of NFC
- Written by: Matthew S Daye
- Category: Mobile Banking
Near Field Communication (NFC) a wireless technology for transmitting information, promises to make our lives easier. Reminds us of the nine words you should always fear whenever you hear them: "We're from the government, and we're here to help."
Challenges and Growth for ATM Operators
- Written by: Matthew S Daye
- Category: ATM
ATM’s made their debut in New York in 1960 appealing to gamblers and prostitutes who wanted to avoid tellers, but it took until the end of the 1960’s before people really began to use the technology.
Is Inflation Bad For Gold?
- Written by: Business Insider
- Category: Markets & Metals
As the world collectively lost its bearings this year (more than usual, anyway), a bizarre notion began to seep into the mainstream’s awareness — that inflation is a bad thing for gold.
Jim Rickards first noticed it in September: “Here’s the logic,” he told us, “as best I can make sense of it. Any hint of inflation might give the Fed a green light to raise rates.
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.
