29 January 2015
“Audacious ATM frauds prompt bank warnings; customers urged to watch out for skimming devices
UAE banks are urging customers to exercise extreme caution while handling plastic money following cases of debit card fraud.
On December 18, XPRESS reported how Rosauro Agustin, a Filipino accountant, lost more than Dh20,000 in seven days when his account was hacked as many as 60 times in faraway Vietnam, a country he has never been to. The following week, Suriksha Menon, an Indian procurement officer, lost Dh10,000 when her account was illegally accessed five times in Canada in a single day.”
28 January 2015
This week’s new items!
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Last updated 1/29/15.
23 January 2015
COMING MONDAY. :)
22 January 2015
“I was surprised (well, flabbergasted, actually) to discover recently that my father has never used an ATM. Ever. I find this incomprehensible.
“It’s not as though my parents scrape by in a tarpaper shack down in the holler. They live in a comfortable suburb of Kansas City with paved streets and Starbucks and everything. Including ATMs.
Nevertheless, when they need cash, my parents drive to the bank to cash a check at the drive-through or inside at the teller window where an associate sits waiting for something to do — because it’s banking hours and everyone else in this bedroom community is at work.
I explained to my dad that this ghost-branch scenario is prompting FIs to adopt a new, self-service model where there is no teller behind a window because there is no teller window. Instead, there is a free-roaming “universal banker” ready to help him complete his transaction — at an ATM.”
21 January 2015
“Chicago — Want to see just how profoundly the smartphone can change a trip to the bank ATM?
Head to Madison Street in downtown Chicago.
Responding to the growing use of smartphones, Wintrust Financial is rolling out 190 “cardless cash” ATMs that will give consumers the option of withdrawing cash using only their smartphones.”