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.
Is It Time to Redesign Card Technology for ATMs
- Written by: ATM Marketplace
- Category: ATM
The oldest challenges in the ATM industry are the security of cash inside the machine and the guarantee that the withdrawer is genuine.
Whereas the magnetic stripe has been used for a long time, EMV chip and PIN is now commonplace in the ATM industry for withdrawals in the U.K. and Europe. But the fact that EMV is not truly global as yet means that fraud can continue to take place.
What Africa’s Banking Industry Needs to Do to Survive
- Written by: HBR
- Category: Banking
Across Africa, banking is being redesigned. Technology has emerged as a competitive weapon in driving operational excellence and superior service quality. While the banks compete among themselves, they face existential threats from amalgam of entities, not necessarily possessing bank licenses.
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.
Bitcoin Mining - Do You Have the Energy to Profit?
- Written by: Matthew S Daye
- Category: Digital Currency
From its creation in 2008 by a mysterious individual who calls himself Satoshi Nakamoto, the bitcoin Digital Currency has spawned financial innovation and a new specialty in global IT production. Despite there being a mere $3.8 billion bitcoin in circulation, price collapse and security breaches, bitcoin serves well as a currency because there is limited supply, it’s tough to earn and easy to authenticate.
New Polymer Notes in the Global Currency Supply Chain
- Written by: Matthew S Daye
- Category: Currency
In March of 2015, Scotland became the latest country to add plastic money to the Currency Supply Chain, to be followed by England’s introduction of the 5 pound note next year. So far more than 24 countries including Canada, Fiji and Mexico have followed the lead of Australia which first put plastic-based currency into circulation in 1988.
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!
