The Currency Scene
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.
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.
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.
The Big Debate Over Opening Bank Accounts Online
- Written by: Deposit Accounts
- Category: Banking
Online banking continues to grow, but that’s not to say there aren’t obstacles keeping it from exploding. The banking industry is ramping up the noise about changing rules that make it difficult to open accounts remotely, and Congress has the topic on its agenda.
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:
New Polymer Notes in the Global Currency Supply Chain
- Written by: Matthew S Daye
- Category: Currency
In March of 2015, Scotland became the latest country to add plastic money to the Currency Supply Chain, to be followed by England’s introduction of the 5 pound note next year. So far more than 24 countries including Canada, Fiji and Mexico have followed the lead of Australia which first put plastic-based currency into circulation in 1988.
An ATM -- Or an unpatched and easily hacked PC
- Written by: The Register
- Category: ATM
Almost any cash machine in the world could be illegally accessed and jackpotted with or without the help of malware. Security researchers at Kaspersky Lab reached this conclusion after investigating real attacks on ATMs and assessments of the machines carried out for several international banks.
