Author: Spinnaker

Press Release: Spinnaker releases “complex degradation”

Spinnaker releases new cash degradation technology. “Better degradation technology makes for a stronger deterrent.”   Saltash, Cornwall, 4th December 2019 Spinnaker is providing “complex degradation” to two European clients who wanted to increase the deterrent effect of their cash degradation equipment in the face of ongoing attacks. “Complex degradation” is a term coined by Spinnaker […]

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Press Release: Loomis US implements iBox technology

LOOMIS IMPLEMENTS IBOX TECHNOLOGY TO DETER ARMORED CAR ROBBERIES The new addition deepens security features to protect guards, cash, and improve tracking (HOUSTON, TX) — Loomis is introducing iBox, a proprietary cash-in-transit (CIT) technology, into its armored car division, advancing how the cash management leader secures customer cash and protects transportation guards across the country. Developed by Spinnaker, […]

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500mph in the desert

The Bloodhound LSR touched down in South Africa to prepare for High Speed Testing. The team plan to take Bloodhound up to 500mph on the specially prepared test track in the Kalahari desert. Bloodhound LSR are using Spinnaker’s asset monitoring service, ‘CashTrack’  to keep track of key support vehicles during the testing. It is impossible […]

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‘Community Access to Cash’ initiative

UK Finance has launched an initiative to help communities identify and secure access to cash and payment services. “The Community Access to Cash Initiative will provide communities with the opportunity to report gaps in cash provision through their elected officials. The initiative will provide grant support and industry guidance to local communities to improve access […]

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OCBC Bank adopt QR codes for cash withdrawals

OCBC Bank in Singapore is now offering customers QR codes as an alternative to using physical cards and PIN codes.  Customers approach the ATM, select the option to use the PayAnyone app, scan the QR code on the ATM screen and select the amount of cash to withdraw.  OCBC estimates this new process will reduce […]

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ATM physical attacks on the increase

EAST has just published a European Payment Terminal Crime Report covering 2018 which reports that ATM physical attacks have risen for the fourth consecutive year. ATM related physical attacks rose 27% when compared with 2017 (up from 3,584 to 4,549 incidents).  Within this total ATM explosive attacks (including explosive gas and solid explosive attacks) were […]

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Amazon Go stores now accept cash

Earlier this week Amazon took the decision to accept additional forms of payment at it’s cashier free stores. In addition to the accepted forms of electronic payment, customers can now pay with old-school cash and ‘Amazon Cash’. This allows users to pay cash into their Amazon accounts and so run a balance. Payments can be […]

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