Press Release: Loomis US implements iBox technology Posted on 16th November 2019 by Spinnaker 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, […] Read More
500mph in the desert Posted on 22nd October 2019 by Spinnaker 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 […] Read More
“Why can’t we all get along” Posted on 21st October 2019 by Spinnaker ATMIA CEO Q&A: ‘Cash and digital payments need to coexist’ An interesting interview with Mike Lee of ATMIA talking about multiple payment channels and the need for choice at the point of delivery. ATMMARKETPLACE.COM Read More
People may be saving more due to Brexit, but not much. Posted on 8th October 2019 by Spinnaker The continued uncertainty over Brexit shows that people are taking some steps to try and mitigate the possible exit from the EU. According to the Bank of England, by August 2019 the amount of money deposited in easy access accounts swelled by 3.6 per cent over the 12 month period to £759.5billion, while the amount […] Read More
‘Community Access to Cash’ initiative Posted on 1st October 2019 by Spinnaker 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 […] Read More
OCBC Bank adopt QR codes for cash withdrawals Posted on 31st July 2019 by Spinnaker 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 […] Read More
EUROPOL releases report on preventing physical ATM attacks Posted on 17th June 2019 by Spinnaker Europol published its report calling for renewed attention on best practice methods to prevent ATM physical attacks. Links to the report here. Read More
ATM physical attacks on the increase Posted on 20th April 2019 by Spinnaker 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 […] Read More
Amazon Go stores now accept cash Posted on 18th April 2019 by Spinnaker 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 […] Read More
New Jersey bans cashless stores Posted on 19th March 2019 by Spinnaker From Ars Technica: On Monday, New Jersey Governor Phil Murphy signed a bill banning cashless retail stores and restaurants in the Garden State. Murphy’s signature makes New Jersey the second state in the US to ban cashless stores, after Massachusetts banned them in 1978. Read More