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?
Bitcoin for Beans
- Written by: Doug Deitel, Publisher
- Category: Digital Currency
With all the turmoil in financial markets these days, from the currency crisis in China to the collapse of stock prices around the word, I began to get a little nervous thinking about what could happen next here in the U.S. That's when I decided to take some action!
What distinguishes a cash-in-transit robber from other crooks
- Written by: Business Day Live
- Category: Cash-In-Transit
Dr Hennie Lochner‚ who interviewed 21 people doing time for cash-in-transit robberies, as part of his doctoral studies had some interesting findings. The study which took place in South Africa can provide some important insights for armored carrier and secure transport operators around the world.
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.
Identifying limits associated with branch cash management
- Written by: Matthew S Daye
- Category: Banking
Over the past few years, industry experts have predicted the end of physical branches and that customers would progressively move away from cash transactions. However, in an article that was published in 2012, McKinsley & Co. showed that the share of cash in all American retail payments was still nearly one-third. This has forced financial institutions to re-think their models to better predict the amount of cash they’ll need to accommodate their account holders.
Banknotes are symbols, a cashless society would kill them all
- Written by: Ryan Martin
- Category: Currency
Banknotes have taught us the value of money, they are a way to pass on a country’s history, to remind us of our past... and yet their future is very uncertain. Several countries have promised that they will soon be cashless. Banknotes will progressively disappear but the public might be unaware of the aftermath of such a change. Thanks to investigative journalist Ryan Martin for this insightful look at what might be in store in a cashless society.
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.
