The Currency Scene
Millenials are Embracing the Idea of Branchless Banking
- Written by: Matthew S Daye
- Category: Banking
When it comes to new ideas in currency, banking and ATMs, the concept of branchless banking seems to be growing in popularity. According to a survey performed by Accenture, consumers in the U.S. and Canada are now more likely to consider branchless banking or non-traditional providers. What's more, millenials, are more likely to consider branchless banking than other segments of the population. What does this mean for the future of banking, and what can financial institutions do to survive the trend?
Will ATM Operators start accepting BitCoin
- Written by: Matthew S Daye
- Category: ATM
In Korea a company called Coinplug allows ATM operators to accept bitcoins. Over 7000 ATMs can now accept bitcoins in Korea thanks to the ATM manufacturer Nautilus Hyosong.
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.
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.
Forgery Is Still a Problem - New Bank-Note Technology Can Combat
- Written by: Matthew S Daye
- Category: Currency
With all the dollar counterfeiting going on, it's no wonder that the Secret Service is starting to up their methods of forgery prevention. Introduction of new notes, with re-designed security features, has been their primary defense. As new technologies are developed, these methods are becoming increasingly more sophisticated.
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?
Bad Time to Be a US Bank
- Written by: CNN
- Category: Markets & Metals
U.S. bank stocks are getting dumped like it's 2011. Shares of Bank of America and Morgan Stanley plummeted by 13% apiece in the two days after the shocking Brexit vote. Even though banks and the broader markets are rallying on Tuesday, Goldman Sachs is still down 22% this year. That makes the elite investment bank the worst Dow stock in 2016.
