Items tagged with atm
The United States Federal Trade Commission (FTC) is warning consumers of a "massive" surge in Bitcoin ATM scams (add it to the list of cryptocurrency scams). According to the FTC, consumers posted collective losses totaling $110 million in 2023, which is a tenfold increase versus 2020. And in the first half of this...
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Hitting a jackpot on a slot machine is usually a cause for celebration, at least for the person receiving the windfall of cash. Jackpotting an ATM, however, is highly illegal and can land a person in prison. Case in point, the United States Department of Justice announced it has arrested and charged two men, Alex...
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ATMs can be a blessing and a curse to financial institutions. On the one hand, they can process financial transactions quickly, allowing the machines to serve more people over a span of time than a human teller. However, ATMs are often the target of hackers, many using skimmers to obtain debit card numbers for later...
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California fancies itself a fairly progressive state, so it wouldn't be all that shocking if Bitcoin ATMs littered the length of the location of the west coast within the next few years. For now, however, there are just two and they exist in the Los Angeles area. They're managed by ExpressCoin, a Bitcoin payment processor based out of Santa...
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After so much waiting, it's almost hard to believe that the day of XP's death is upon us. At this point, if you're still running Windows XP, you're either incredibly loyal to the OS, or don't surf the Internet too much. Given the fact that this April 8th date has been known about since 2009, it's truly amazing that...
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We've been talking about the demise of Windows XP for what seems like forever, but at the turn of the new year, a new reality came to face: Most of the world's ATMs are still running the OS. Given the fact that Windows XP's been on life-support for some time, it's unbelievable that so many banks still haven't updated...
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The Bitcoin craze is about to get a whole lot crazier once Robocoin starts installing ATMs in the U.S. that support the virtual currency. Robocoin said it's planning to install Bitcoin ATMs in Seattle, Washington and Austin, Texas. These kiosks will function like ordinary ATMs except they'll have scanners than can...
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When at a bank machine, making a deposit or taking cash out, it's easy to overlook the finer details of what's going on in the background. Such as, what operating system it's running. Unless you walked up to a machine that had a blue-screen-of-death present, would you have guessed that it was running Windows? According to statistics, there's...
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There are no boundaries to technology, which continues to reach into all facets of our daily regimen. The world will look and function decidedly different in 10 years compared to today, and while we don't know exactly what life will be like, we know that banking at ATMs is one area that will see plenty of change...
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Ah, the digital world. Sometimes, it's easy to realize we're living in it. Things like digital boarding passes and cars that drive themselves are prime examples. But other times, we're wondering what the hold-up is. Now, in the banking world, Wells Fargo is finally answering the call on an issue that seems super obvious. The company announced...
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In need of extra cash? Who isn't, right? If you're a smart hacker, you may be able to make a small fortune by simply tricking an ATM or two into spitting out money for you. We know that sounds crazy, and it certainly is, but it's true nonetheless. At the annual Black Hat conference -- where hackers and security...
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