Category Archives: Uncategorized

xxx Losses due to ATM related physical attacks were €36 million, a 16% increase from the €31 million reported during 2017… These figures do not take into account collateral damage to equipment or buildings, which can be significant and often exceeds the value of the cash lost in successful attacks. From ATM Physical Attacks inContinue reading “ATM Physical Attacks in Europe on the increase | Secure Transactions”

xxx Now Business Minister Heather Humphreys has warned that there are fears that ATMs might have to be removed from the streets of in rural towns and villages. From ATMs might have to be taken off the streets after cash machine raids, Business Minister Heather Humphreys warns – Irish Mirror Online. xxx

xxx According to the report obtained by the Associated Press, as many as 17.5 million ticket purchases were blocked last year for “social credit offenses” such as unpaid taxes or fines. Other would-be travelers were barred from purchasing train tickets as many as 5.5 million times and according to an annual report from the National Public CreditContinue reading “China’s Social Credit System Barred Millions from Traveling in 2018”

xxx In the years since the crisis, global shadow banks have seen their assets grow to $52 trillion, a 75% jump from the level in 2010, the year after the crisis ended. From Shadow banking is now a $52 trillion industry and posing risks. xxx

xxx However, forcing store owners to deal in cash restricts their ability to design the shopping experience as they see fit and may saddle them with unwanted financial and security costs. From The War on Cashless Stores | AIER. xxx

xxx Incumbent banks should not rely on central banks to come to their aid should the financial landscape become disrupted by new payment service providers, one of Europe’s senior central bank officials has warned. Speaking alongside a panel of experts at the Spring World Bank and International Monetary Fund meetings on April 10, Benoît CœuréContinue reading “Central banks will not rescue firms from future of payments – ECB’s Cœuré – Central Banking”

xxx Asad Malik, 38, used fake reviews and photographs of secure car parks hundreds of miles away to trick customers into leaving their vehicles with him when they flew from Gatwick. From Airport parking boss jailed for dumping cars in muddy fields. xxx

xxx Denmark is ignoring a request by the European Central Bank and moving to ban 500-euro notes, as the Nordic country toughens defenses against money launderers. From Denmark Ignores ECB to Ban 500-Euro Note in Dirty Money Battle – Bloomberg. Yay! Go Denmark! There really is no excuse for printing such high value notes inContinue reading “Denmark Ignores ECB to Ban 500-Euro Note in Dirty Money Battle – Bloomberg”

xxx An exhaustive report by the RAND Corporation concludes that cryptocurrency is less than ideal for terrorist organizations. Cash is still king for terrorists, for a variety of reasons, including the liquidity barriers that regulation and legalization of cryptocurrencies are presenting. From Terrorists Prefer Cash Over Cryptocurrency, Even Privacy Coins: Report. xxx

xxx Since 2006, the production costs for the cent and 5-cent coin have exceeded their face value, From GAO report cites cost savings for U.S. coin alloys | Coin World. xxx