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.
Wall Street's Obsession With Blockchain And the Future Of Banking
- Written by: Fortune
- Category: Banking
Anyone who sends money abroad knows how inconvenient it is. Banks take days, sometimes weeks, to clear payments, and they collect a hefty fee in between. And God forbid, when errors occur, money vanishes into thin air.
Three Reasons Why Bitcoin is Popular with Online Gaming and Gambling Communities
- Written by: The Merkle
- Category: Digital Currency
Bitcoin is one of the world’s most popular crypto-currencies, and there is still a lot of interest and optimism in developing the virtual currency further despite the number of challenges it has faced recently.
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.
Is It Time to Redesign Card Technology for ATMs
- Written by: ATM Marketplace
- Category: ATM
The oldest challenges in the ATM industry are the security of cash inside the machine and the guarantee that the withdrawer is genuine.
Whereas the magnetic stripe has been used for a long time, EMV chip and PIN is now commonplace in the ATM industry for withdrawals in the U.K. and Europe. But the fact that EMV is not truly global as yet means that fraud can continue to take place.
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.
