Thursday, October 3, 2013

When will ATM fraud end?

Here is some analysis from a site in the Phillipines. 

First, automated teller machine (ATM) users will just have to be keener about where their mother bank’s cash dispensers are if they want to avoid the higher charges to be imposed for using other banks’ ATMs.
The country’s major banks made this announcement last month citing higher ATM costs. They also said that the last increase in ATM fees for internetwork withdrawals had been in 2005, and were no longer enough to maintain security and service levels.

Don't forget to check out ATMs for Amateurs by Josef Toth.

Saturday, September 28, 2013

Nanumba District gets first ATM

An impoverished area of Ghana just got its first ATM. 

Ghana Commercial Bank Ltd. (GCB) has brought modern banking services to the Nanumba district and surrounding communities with the provision of ATM services at the new branch of the Bank in Bimbilla.
GCB Bimbilla branch has been relocated to more spacious environs in view of the level of business being handled by the Bank in the district. From three teller points, the branch now has five -- and these are to be complemented by services of the ATM.

Don't forget to buy ATMs for Amateurs by Josef Toth

Thursday, September 26, 2013

A Working Bitcoin ATM Is in San Diego, But Its Most Vocal Backer Is Gone

Bitcoin ATMs may soon be all the fad. One in San Diego is up and running.

 Behold: The world's first bitcoin ATM was set up for a press day in a ballroom at some hotel in San Diego. Local San Diego news outlet ABC10 wouldn't allow video embedding from YouTube, but you can watch the report here. The story of how it came to be is about as strange as you'd expect from the cryptocurrency world.About a month ago, amidst Cyprus's bank crisis, Jeff Berwick, an anarcho-capitalist from Canada, did what any entrepreneurial opportunist does. He announced his plans to set up an ATM based around bitcoin. Terminal access to the decentralized currency, Berwick thought, would be irresistible to citizens trapped by a dwindling national banking system. Berwick's ATM, a "bi-lateral" machine, would allow customers to both deposit and withdraw cash in exchange for bitcoins.
Don't forget to buy ATMs for Amateurs by Josef Toth

Wednesday, September 25, 2013

Skimmer used in Montgomery County ATM thefts

Here's another example of skimmers used in an ATM theft. 

Technology has a way of making things so impersonal.

Police say two men in Montgomery County didn't commit armed robbery or even mug a late night walker but instead used a basic looking piece of plastic to rob dozens from afar.

The device is called a skimmer. It comes in a variation of shapes and sizes and fits perfectly over the card slot of an ATM machine. The problem is that it's nearly impossible to detect.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

Tuesday, September 24, 2013

Major Bank Pact Signed

This news comes from China. 

NCR Corp. has announced a 5-year technology services agreement with China Resources Bank of Zhuhai. The manufacturer will provide hardware maintenance for more than 200 NCR-branded ATMs owned by the bank.
China Resources Bank of Zhuhai operates four branches and 50 sub-branches in Zhuhai, Shenzhen, Zhongshan and Foshan, under which there are 50 sub-branches. The bank aims to increase its ATM availability with improved support services, and has decided to shift to original ATM hardware vendors for service maintenance to drive higher availability.
Don't forget to check out ATMs for Amateurs by Josef Toth

Monday, September 23, 2013

Users complain of ATM malfunctions

In the Middle East, there's an epidemic of ATM malfunctions. 

Saudis and expats have complained of technical malfunctions in ATM machines, which authorities say have occurred as a result of high withdrawal rates during the four-day weekend.Talaat Hafiz, secretary-general of the Media and Banking Awareness Committee for Saudi Banks, said that banks have established operation rooms to monitor ATMs.“There are action teams that monitor and conduct inspection of machines,” he said

Don't forget to check out ATMs for Amateurs by Josef Toth