IBNS – for the love of banknotes Posted on 16th June 2017 by Spinnaker The International Banknote Society has published the winner of it’s prestigious ‘Banknote of the Year’ award for 2016. The Swiss National Bank was voted this eminent distinction for the 50 franc note. With over 120 banknotes issued in 2016, the competition was significant with runners-up including the Maldives Islands 1000 Rufiyaa tortoise/whale shark; Argentina’s 500 Peso […] Read More
Opinion: Amazon Go – the iceberg of mass unemployment looms. Posted on 10th May 2017 by Spinnaker Amazon Go is the latest attempt by an e-commerce and software services company to enter the physical world. (Like Tron, but backwards). The Amazon Go concept is a retailer (grocer in this instance), where you walk in, grab what you want and Just Walk Out™ (JWO) again. The amount is debited from your bank card automatically […] Read More
Dutch banks to hire security guards to protect ATMs Posted on 4th May 2017 by Spinnaker Rabobank in the Netherlands is employing security guards at ATM locations which have residential properties above or adjacent to them. In April residents of 16 homes had to be evacuated after an ATM attack which used explosive materials to gain access to the ATM contents. Residents were evacuated whilst bomb disposal technicians made the remaining […] Read More
Link launches ATM finder app Posted on 3rd May 2017 by Spinnaker Link has launched an ATM finder app showing the location of all 70,000 Link ATMs. The app is fully accessible for visually impaired people and uses voiceover technology and geo-location. It was developed with the support of the Thomas Pocklington Trust, a sight loss charity. The free app is available from the Apple and Android […] Read More
Bloodhound to use Spinnaker’s tracking technology. Posted on 31st January 2017 by Spinnaker The Bloodhound SSC and support vehicle fleet will be using Spinnaker’s unique tracking technology as part of their low speed testing later this year. The Bloodhound will be visiting Newquay later in 2017 in order to conduct low speed systems testing. As part of that testing, Spinnaker will be supplying a specialised tracking system to […] Read More
Loomis AB acquires Cobelguard Posted on 28th January 2017 by Spinnaker Loomis AB has entered into an agreement to acquire 100% of Belgian CIT provider, Cobelguard in a deal valued at twelve million euro. This acquisition will give Loomis around 20% of the cash market in Belgium, with the majority held by G4S. Read More
DBS Bank makes access to cash easier to drive down costs. Posted on 20th December 2016 by Spinnaker In a bid to maintain the accessibility of cash DBS Bank has added another 60 retailer locations to its cash-back programme in Singapore. Customers can now withdraw up to $200 SGD free of charge, with any purchase at over 880 retail locations. The POSB cash back locations can be found at convenience stores and the […] Read More
Cash and taxes in Alaska Posted on 9th December 2016 by Spinnaker Alaska recently voted to legalise marijuana. However, as marijuana sales are still illegal at a federal level in the US, this means many banks and credit unions won’t permit marijuana businesses to open bank accounts. In a tacit acknowledgment of this problem, the Alaskan department of revenue has set up a secure deposit safe in […] Read More
Cash is still King, eh! Posted on 2nd December 2016 by Spinnaker The Canadian Payment Methods and Trends (CPMT) report published in November revealed that Canadians still vastly prefer cash over other forms of payment. However, use of cash is slowing as demands for speed, convenience and loyalty programmes at merchants make themselves felt. In 2015 the payments market grew to 20.9 billion transactions, worth more than […] Read More
Australian banks call to scrap the avocado. Posted on 15th November 2016 by Spinnaker They are not something you see in your wallet every day, but the vividly coloured Australian $100 note, sometimes known as the ‘avocado’ may be scrapped if the Reserve Bank of Australia heeds calls from analysts. “Removing large denomination notes in Australia would be good for the economy and good for the banks,” UBS analysts […] Read More