The Currency Scene
Microsoft versus Google. Will Android take over the ATM from Windows?
- Written by: Matthew S Daye
- Category: ATM
Software that runs the internal operation of an Automated Teller Machine (ATM) has seen several waves of adaptation since the first ATMs were introduced more than forty years ago. And now the ATM industry finds itself once again at a crossroads where the next king of the hill of ATM software will be crowned. Will it be another version of Windows? Or will Google Android step in to steal Microsoft's thunder in yet another venue?
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.
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.
Bad Time to Be a US Bank
- Written by: CNN
- Category: Markets & Metals
U.S. bank stocks are getting dumped like it's 2011. Shares of Bank of America and Morgan Stanley plummeted by 13% apiece in the two days after the shocking Brexit vote. Even though banks and the broader markets are rallying on Tuesday, Goldman Sachs is still down 22% this year. That makes the elite investment bank the worst Dow stock in 2016.
Keeping Mobile Banking Safe and Secure
- Written by: Matthew S Daye
- Category: Mobile Banking
Remember when stopping at the bank was something we had to do every once in a while. Neither do we. But apparently at one time people chose their bank if it was located on the right-hand side of the street on the drive home from work. Today a customer is likely to choose their bank if it has a hot new app in the "app store."
Blockchain in Japan – Understanding the Legal Framework
- Written by: Aikon
- Category: Digital Currency
As with all innovation, blockchain technology can only develop so far before it faces legal hurdles making it necessary to create an acceptable legal framework to grow within.
So far, even the leading blockchain countries have been slow to accommodate this fast-growing business and technology development, thus hindering and even blocking it from achieving its potential.
Could virtual reality be the next big thing in banking?
- Written by: Matthew S Daye
- Category: Banking
While we have been hearing predictions about the disruptive impact of virtual reality (VR) headsets for many years, questions still remain. Now that some models have finally made it to market (including the Oculus Rift from Facebook), we must ask: Could VR devices also cause similar disruption within the banking industry?
