ATM Cash-Out: Why Banks Are at Risk

“Visa's alert to U.S. card issuers about increasing global ATM cash-out schemes should serve as a warning of bigger scams to come, says ATM expert Nicole Sturgill. Why are cash-out incidents on the rise?

ATM cash-outs aren't easy to pull off, says Sturgill, a research director within the Retail Banking & Cards practice at CEB TowerGroup. That's why, until now, financial institutions haven't heard so much about them.” <<READ MORE>>

What we are reading … 1st February 2013

Goldman finds a way past Volcker with new credit fund http://reut.rs/14eo849

Basel III May Change The Way Banks Calculate Risk http://dld.bz/ccHgy

Political Risk Atlas 2013 http://www.continuitycentral.com/news06614.html

NFC Breakdown: Which Side Are You On? http://dld.bz/ccHgt

Global Bank IT Spending to Reach $179.2 Bln in 2013: Celent http://twb.io/YsAp4x

Why Elderly Are Targeted By Scammers http://www.finextra.com/Community/FullBlog.aspx?blogid=7314

Life Changes Lead to New Bank Fees http://www.mybanktracker.com/news/2013/01/25/life-changes-bank-fees-prepared/

Kenya: Mobile money making wallets redundant http://shar.es/CC4xO

What is on Your Phone? http://www.finextra.com/Community/FullBlog.aspx?blogid=7315

US Banks Take Heat Over Faulty Collections Docs

The Federal Trade Commission determined that banks and other creditors bear responsibility for selling consumer debts to collectors that are backed by scant documentation. <<WATCH VIDEO>>

From Passbook to Mobile: The Evolution Of The Bank Account

"Some might argue that nothing replaces a face-to-face relationship. That assumes that a digital, mobile experience is inferior to face-to-face. And while that may have been true in the past, that's not going to be the case in the future. Welcome to the total disruption of retail banking". <<READ MORE>>

Why I Had To Get Rid of My Contactless Credit Card

 “I liked my contactless credit card. It worked well. But a technology “improvement” forced me to make a choice between convenience and value.” << READ MORE>>

Will Banks Take to BlackBerry 10?

“Remember when BlackBerrys were trendy and businesspeople confessed to being CrackBerry addicts? Those days are long gone. One estimate, from Kantar Worldpanel ComTech, puts BlackBerry's market share at 1.6% of U.S. smartphone adoption.” <<READ MORE>>

Bungled automated decisions costing Financial Services firms money and customers

“An ever increasing reliance on technology brings considerable risks for the financial services industry, with bungled automated decisions costing many firms both money and customers, according to research from the Economist Intelligence Unit (EIU).” <<READ MORE>>