The Currency Scene
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.
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.
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.
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.
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?
First EMV Fraud on the Public: EMV Cards Are Secure!
- Written by: Matthew S Daye
- Category: Cards & Payments
The card industry has been battling the instance of payment card fraud ever since the first credit and debit cards were issued years ago. From the 1960's to around 2003 the magnetic stripe on the back of the card was the means by which card information was exchanged with the networks to effect a transaction. Over the years, criminals learned that the magnetic stripe was easily compromised and so the industry sought a more secure solution. Enter EMV (Europay, MasterCard and Visa, also known as chip and pin) technology. Is EMV the secure solution it is claimed to be? Don't bet your bank balance on it!
Why Gold Prices Go Up When The Market Goes Down
- Written by: Matthew S Daye
- Category: Markets & Metals
When the Federal Open Market Committee (FOMC) declared on September 17, 2015 that it was going to do... well... nothing regarding interest rates, a couple of interesting things happened.
