The Currency Scene
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!
Mobile Phones Promise to Bring Banking to the World’s Poorest
- Written by: HBR
- Category: Mobile Banking
Roughly 2.5 billion people around the globe living on less than $2 per day are about to benefit from the power of banking brought to them on mobile phones.
The ATM market is changing. What might the future look like?
- Written by: Finextra
- Category: ATM
Within the financial technology sector, the ATM is sometimes seen as an area of self-service that is seeing less use due to mobile or online adoption as consumers move towards e-money and contactless payments. What may surprise is that the global ATM market actually continues to grow at a significant pace. The theme of modernization, driven by replacements and new installations are anticipated to create change in this area of financial services in the coming years.
Are ATM Fees Too High? That depends on what the meaning of zero is!
- Written by: Matthew S Daye
- Category: ATM
Despite the continued push in many countries for more government oversight and new legislation aimed at reducing ATM fees, just what costs do we really face when we need to get some quick cash? With very little effort those costs can be... uh... zero!
Where do bankers' children bank?
- Written by: Banking Exchange
- Category: Banking
Much has been written about millennials and the way they bank, but what of those with a banker in the family? Does having an insider’s view change the way this select set of millennials bank? What we found after talking to several bankers with adult millennial children (and some with slightly older Gen X kids) is that the answer, in short, is “No.”
7 Reasons Why Your Insurance Premiums Are Rising Faster Than Your Salary
- Written by: Life Insurance Post
- Category: Markets & Metals
As he blazed/thrashed/insulted his way to the White House, one of Donald Trump’s constant talking points was that Obamacare was not working. According to Trump, it was a “disaster” that only he could fix. His criticisms have certainly been…creative.
Wells Fargo CEO John Stumpf predicts demise of user names and passwords
- Written by: Biz Journals
- Category: Banking
It's been a long time since a big bank CEO discussing the state of his industry sparked spontaneous applause. But that's what happened when Wells Fargo Chairman and CEO John Stumpf talked technology to those attending the Bay Area Council's 2016 Economic Outlook Conference in San Francisco May 17.
