The Currency Scene
Why Africa's mobile money revolution can reduce poverty
- Written by: Nation
- Category: Mobile Banking
When farmer Isaac Tondo fell on lean times in Liberia's long rainy season, his brother in the capital sent 8,000 Liberian dollars (US$87) to his Lonestar mobile money account, ensuring his children's school fees would still be paid.
New Money/Old Money: A look back at the newest U.S. hundred dollar note
- Written by: Matthew S Daye
- Category: Currency
"New money" became a literal term as the U.S. Federal Reserve Bank released the latest revision of its venerable $100 note into the U.S. currency supply chain on October 8, 2013. Staying a few steps ahead of counterfeiting threats, this new bill was designed with improved security features, making it easier for banks and businesses to validate but more difficult for counterfeiters to fake and bamboozle. Not to worry, if you have any older hundreds, they are still good!
Will ATM Operators start accepting BitCoin
- Written by: Matthew S Daye
- Category: ATM
In Korea a company called Coinplug allows ATM operators to accept bitcoins. Over 7000 ATMs can now accept bitcoins in Korea thanks to the ATM manufacturer Nautilus Hyosong.
Bitcoin for Beans
- Written by: Doug Deitel, Publisher
- Category: Digital Currency
With all the turmoil in financial markets these days, from the currency crisis in China to the collapse of stock prices around the word, I began to get a little nervous thinking about what could happen next here in the U.S. That's when I decided to take some action!
The simple reason you should move your money to an online bank
- Written by: QZ
- Category: Banking
Would you pay a 23% fee to access your own money? That’s how much, on average, Americans are forking over when they withdraw $20 from an ATM that doesn’t belong to their bank.
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!
Don't Get Caught with Your Pants Down
- Written by: Matthew S Daye
- Category: Cash-In-Transit
In Oregon not too long ago we again hear the typical story about the risks of secure transport. It was reportedd that two cases of money were stolen from an armored car in Northeast Portland. The money was on its way to an ATM machine.
