The Currency Scene
About to be skimmed? Take a closer look at that ATM
- Written by: Chicago Tribune
- Category: ATM
As a computer security researcher, Steve Manzuik says he's "a little more paranoid" than the average person when it comes to his credit and debit cards. He's familiar enough with ATM skimmers — devices that mimic an ATM's card reader to swipe card data — to say he could probably make one, if he desired.
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?
Taiwan Heist Highlights ATM Weaknesses
- Written by: Bankinfo Security
- Category: ATM
The theft of $2.2 million from dozens of ATMs in Taiwan, executed using malicious software, defies a years-long effort by banks and software vendors to strengthen the security controls of ATM fleets.
With ATM Usage Increasing Banks Are Saying Don’t Count ATMs Out Just Yet
- Written by: Matthew S Daye
- Category: ATM
Contrary to some expectations that the latest technology would disrupt the ATM industry, banks in the Charlotte area are growing their ATM user base, so maybe we don't count ATMs out just yet. Local managers point out that their customers continue to choose the ATM because the machines are multi-located, easily accessible and open 24 hours.
How Fraud Victims 'Punish' Their Banks
- Written by: Bankinfo Security
- Category: Banking
Would you leave a bank after an unauthorized charge on a credit card or a strange debit from an account? It's a question for financial institutions evaluating the impact of a security breach.
A new study by Carnegie Mellon University researchers suggests that some customers will, in fact, leave even if they receive quick refunds of losses due to fraud. The study is one of only a few correlating the impact of a fraud incident on customer loyalty.
That Tax Free Bitcoin Economy You’ve Dreamt About Can’t Exist
- Written by: Crypto Coins News
- Category: Digital Currency
The IRS asked Coinbase to produce records for users over a wide time period: two years. Members of the Bitcoin Community have expressed outrage over this. In fact, even Coinbase, whose CEO Brian Armstrong oft takes a pro-regulation stance, has rebuffed the move.
The future is mobile money management, not mobile banking
- Written by: Terry McParlane, Starling Bank
- Category: Mobile Banking
Traditionally, big banks have seen investment in digital channels as an opportunity to improve their cost base, encouraging a shift from high cost channels such as branch and telephony, into online and then mobile.
