The Currency Scene
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.
An Explanation of What Bitcoin Is
- Written by: Nasdaq
- Category: Digital Currency
When most people hear about Bitcoin, whether for the first or the tenth time, they ask one simple question: “What is it?”
Like an automobile, Bitcoin is technically advanced, and it can appear complicated, depending on how much you want to know about it. But also like an automobile, it doesn’t require you to be a technical expert in order to use it—and for it to change the way you interact with the world.
How Merchants Can Boost Business with a Cash Discount Program
- Written by: Samir Kadi
- Category: Cards & Payments
Today there are a multitude of ways to pay – cash, check, credit card, debit card, mobile and online, which is convenient for the younger, tech-savvy generations. However, integrating complex payment technology that requires an overhaul of existing hardware and software can challenge a business owner’s ability to keep their business viable.
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.
Identifying limits associated with branch cash management
- Written by: Matthew S Daye
- Category: Banking
Over the past few years, industry experts have predicted the end of physical branches and that customers would progressively move away from cash transactions. However, in an article that was published in 2012, McKinsley & Co. showed that the share of cash in all American retail payments was still nearly one-third. This has forced financial institutions to re-think their models to better predict the amount of cash they’ll need to accommodate their account holders.
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!
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?
