Breaking the ice: The US meets cash recycling ATMs (finally)

From ATM Marketplace –

“If you've been around the ATM industry during the last several years, you will have heard a lot about cash recycling technology. But if you've been around the industry in the U.S., you won't have seen it deployed. At all.

Some in the industry believe that this is bound to change; Elan Financial Services and Nautilus Hyosung America say that, in fact, change has begun already.”

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Cash is King

From GARP –

“Cash flow is at the center of a convergence between financial valuation models and risk models that could dramatically alter the credit risk modeling landscape.

Credit risk measurement will soon undergo a sea-change as a result of the growing importance of cash flow analysis, which has been buoyed by new valuation rules.

The traditional credit risk model that has served many FRM practitioners well during the past decade is the PD/LGD/EAD model. Basically, the riskiness of a loan is expressed in three parameters: the probability that the client will default on his obligations (the probability of default, or PD); the financial loss that is incurred in case of a default as a percentage of the exposure (the loss given default, or LGD); and the exposure at default (EAD) – i.e., the remaining principal of the loan, including missed interest payments.”

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Why Is Almost No One Using Apple Pay?

From Forbes –

“Do you use Apple Pay? Or Google Wallet? Or any other mobile payment service on your smartphone? No, I didn’t think so. No one seems to be using their smartphones to pay for stuff. Well, almost no one.

We don’t want to carry around credit cards, or even our wallets, right? But we still have to. With all of the hubris and excitement over mobile payments I rarely see anyone buying things at stores and restaurants with their mobile devices. My family, friends and work colleagues all own iPhones or Android smartphones. We’re not afraid to download Apple Pay or Google Wallet or another mobile payment service and get it configured. And yet, we are still overwhelmingly using credit cards like we’ve always been doing.

Why? Small merchants aren’t getting on board.”

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