The Currency Scene
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.
Five Reasons Why Your Customers Aren't Downloading Your Mobile App
- Written by: Flexcutech
- Category: Mobile Banking
Location and ATM availability is still perceived as the primary driver for potential members selecting or switching financial institutions. However, mobile and online banking offerings are increasingly more important, especially among millennials.
Digital Currency Doesn't Mean We're Dropping Cash
- Written by: Matthew S Daye
- Category: Digital Currency
There's interesting news out of Ecuador. The government is planning to release a new digital currency, possibly as soon as late this year. Unlike Bitcoin and other existing digital currencies, this new version will be the first digital currency released by a national central bank as an official state currency.
Does this step indicate a "giant leap forward" for an all-digital monetary system, moving us even closer to a completely cashless society? While a total lack of cash may be somewhere in the future, we're not there yet. Not even close.
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.
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.
3 Major Countries that Boost Global Cryptocurrency Adoption
- Written by: Mary Callahan
- Category: Digital Currency
The single biggest hurdle a cryptocurrency is seeking to overcome is to penetrate into the real-world markets. Almost any cryptocurrency aims to become a sound form of money that is used for everyday purchases by ordinary folk. This is known as becoming a mainstream currency. This is a very tall order and even the largest cryptocurrency, Bitcoin, has a mammoth journey ahead of it in becoming a currency that is used the world over on a daily basis.
Thirteen of the Best Payment Solutions for International Business Use
- Written by: Let's Talk Payments
- Category: Cards & Payments
Since technology has shed the barriers for individuals and businesses to make international transfers, businesses around the world have been unleashed to reach new markets. The same goes for talent – tech-powered accounting solutions and project management tools allow businesses to maintain effective global teams, spread around the world. Moreover, supply chains, international vendors and freelance contractors have never been easier to manage with some of the most talented entrepreneurs developing mass payouts solutions for business use. Let’s look at some interesting examples of mass payments solutions providers:
