The Currency Scene
How Smartphones are Disrupting Traditional Branch Banking
- Written by: Matthew S Daye
- Category: Banking
According to a recent study completed by Javelin Strategy & Research (javelinstrategy.com) the banking system in the US has reached a crucial turning point. Now the number of customers performing banking services through a mobile device exceeds both in-bank branch visits and computer online access.
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.
INFOGRAPHIC: 33 Cryptocurrencies Described In Four Words Or Less
- Written by: Mr BTC
- Category: Digital Currency
Cryptocurrency also termed as Digital or Virtual currency is considered as a form of asset and the currency is designed to work as an exchange medium. Crytpocurrency uses strong cryptography to secure the financial transactions. All these cryptocurrencies work on the blockchain technology which is a decentralized system.
Revenue and Costs of Running a Bitcoin ATM
- Written by: Coin ATM Radar
- Category: Digital Currency
In a recently completed study, our friends at Coin ATM Radar (http://www.coinatmradar.com) have laid out in great detail concepts that both new and experienced operators will encounter when operating a Bitcoin ATM. The Bitcoin ATM industry is growing fast. If you are considering taking the plunge into this challenging but nonetheless potentially lucrative field, check out what the experts advise on the topics of fees, operating costs, profitability, legal hurdles and more.
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.”
An ATM -- Or an unpatched and easily hacked PC
- Written by: The Register
- Category: ATM
Almost any cash machine in the world could be illegally accessed and jackpotted with or without the help of malware. Security researchers at Kaspersky Lab reached this conclusion after investigating real attacks on ATMs and assessments of the machines carried out for several international banks.
Why does money transferred online take days to turn up?
- Written by: News.com.au
- Category: Banking
In the age of the instant everything, why does the money I transfer electronically disappear from my account immediately, but take up to five business days to reach its destination?
I can’t help but imagine a giant multinational conglomerate conspiracy as I watch my funds fly off into the abyss of nothingness for days before my debts are settled at the other end. Where did they go? And importantly, who is earning interest off of them while they’re unavailable?
