The Currency Scene
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.
Understand mobile banking before using it
- Written by: ABQ Journal
- Category: Mobile Banking
Mobile check deposits are becoming increasingly common, but a few safeguards are needed to keep the practice safe. An Albuquerque woman found this out in an unsettling way.
INFOGRAPHIC: 33 Cryptocurrencies Described In Four Words Or Less
- Written by: Mr BTC
- Category: Digital Currency
Cryptocurrency also termed as Digital or Virtual currency is considered as a form of asset and the currency is designed to work as an exchange medium. Crytpocurrency uses strong cryptography to secure the financial transactions. All these cryptocurrencies work on the blockchain technology which is a decentralized system.
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.
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.
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.
Smartphone Payments Are India's Best Spark for Modern Banking
- Written by: Payments Source
- Category: Cards & Payments
In many emerging markets, daily financial transactions—buying groceries, paying a utility bill, cashing a paycheck or billing a customer—are notoriously difficult. Banking institutions are few and far between, and large swaths of the population have little or no access to them.
