From the monthly archives:

May 2010

Evolution or Revolution – New ATM Design

05.17.2010

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And now for something completely different… in this world of high-tech gadget mania, I have now truly seen it all – at least when it comes to extremes in currency handling devices. Everyone knows that gold is used as the reserve currency by which countries guarantee the worthiness of their paper and metal based alternatives. [...]

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US Government to Audit the FRB

05.12.2010

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It was announced yesterday afternoon that the US Senate approved (96-0) a one-time audit of the Federal Reserve System. Specifically the audit will investigate the Federal Reserve’s economic crisis response programs. We suspect that this will also likely include a review of cash reserves and inventory distributions.

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Is The UK About To Dethrone Cash As King?

05.04.2010

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It is well known that the UK is a nation of early adopters and as such has been watched by many a pundit for signs of paradigm shifts. The institution of cash as a preferred payment medium is one of those unassailable paradigms. Or is it? It was recently reported by the UK Payments Council that for the first time it is predicted that cash will make up less than 50% of payments, perhaps as soon as 2015.

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Nicole's tweets
- Heading to London for vacation tonight. Watch out for a research note on mobile RDC w/@acschmidt 2 b published Monday! 2010/09/02
- A new partnership between Bundle and TheStreet, combining properties of HelloWallet and Mint and adding content: http://bit.ly/b56bFU. 2010/09/01
- RT @Gareth_Lodge: Fascinating story on what happened when a journo gave their card instead of cash to a homeless person http://ow.ly/2xaEi 2010/08/31
- An Amer. Banker follow-up on the Virtual Wallet announcement last week: http://bit.ly/dzsbcQ. 2010/08/31
- Good fun advertising for contactless payments. But how many buskers want their money to be tracked? http://bit.ly/9uttVX 2010/08/30
Federal Reserve Bank – News
- Board authorizes ongoing small-value offerings of term deposits under the Term Deposit Facility September 8, 2010
  Board authorizes ongoing small-value offerings of term deposits under the Term Deposit Facility […]
- Approval of proposal by Banco Davivienda September 7, 2010
  Approval of proposal by Banco Davivienda […]
- Minutes of Board discount rate meetings, July 6 through August 9, 2010 September 7, 2010
  Minutes of Board discount rate meetings, July 6 through August 9, 2010 […]
- Written agreement with Pacific Mercantile Bancorp and Pacific Mercantile Bank September 7, 2010
  Written agreement with Pacific Mercantile Bancorp and Pacific Mercantile Bank […]
- Written agreement with Mountain West Financial Corp September 7, 2010
  Written agreement with Mountain West Financial Corp […]
- Written agreement with Bank of the Eastern Shore September 7, 2010
  Written agreement with Bank of the Eastern Shore […]
Bank of England – News
- Narrow Money (Notes and Coin) and Reserve Balances - August 2010 September 6, 2010
  Monthly release of growth rates, amounts outstanding and changes in notes and coin and M0 (notes and coin plus bankers' operational deposits at the Bank of England). […]
- External Business of Monetary Financial Institutions Operating in the UK - June 2010 September 3, 2010
  Statistics relating to the external business of monetary financial institutions operating in the UK, covering external liabilities and claims analysed by currency and sector and by country. […]
- The Bank Return - Figures for cob 1 September 2010 September 2, 2010
  Each week the Bank of England publishes a summary balance sheet showing its main assets and liabilities - the Bank Return. […]
- News Release - Patience and Finance - Paper by Andrew Haldane September 2, 2010
  In a paper to be presented at the Oxford China Business Forum in Beijing on 9th September, Andrew Haldane - Executive Director for Financial Stability - discusses the roles of patience and impatience in financial decision-making, drawing on lessons from economics, history, psychology, neurology and sociology. […]
- BIS Triennial Survey of Foreign Exchange and Over-the-Counter Interest Rate Derivatives Markets in April 2010 - UK Data August 31, 2010
  In April this year, central banks and monetary authorities in 53 countries, including the United Kingdom, conducted the latest triennial survey of turnover in the markets for foreign exchange (spot, forwards, foreign exchange swaps, currency swaps and options) and over-the-counter (OTC) interest rate derivatives. […]
- Analysis of Monetary Financial Institutions' Deposits from and Lending to UK Residents - July 2010 August 31, 2010
  Industrial analysis of deposits with, and borrowing from, monetary financial institutions in the UK by UK residents other than monetary financial institutions. The release contains growth rates, amounts outstanding and changes in deposits and borrowing, both in sterling and foreign currency. […]
European Central Bank – News
- Press release ECB report shows high standards for business continuity arrangements of payment systems September 7, 2010
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- Press release BIS, ECB and IMF publish second part of “Handbook on Securities Statistics” September 6, 2010
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- Speech Lorenzo Bini Smaghi: What has the financial crisis taught us? The global dimension and international policy cooperation September 6, 2010
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- Press release ECB publishes book on the payment system and the role of the Eurosystem in this field September 5, 2010
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- Speech Jean-Claude Trichet: Celebration of the 130th anniversary of Banca Naţională a României September 4, 2010
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- Speech José Manuel González-Páramo: Lessons from the crisis for monetary policy and financial stability September 2, 2010
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Bank for International Settlement – News
- 08Sep/Mercedes Marco del Pont: The certainties and uncertainties in the world economy September 8, 2010
  Speech by Ms Mercedes Marco del Pont, Governor of the Central Bank of Argentina, at the Money and Banking Conference 2010, Central Bank of Argentina, Buenos Aires, 2 September 2010. […]
- 08Sep/Jan F Qvigstad: Lessons from the crisis for monetary policy and financial stability September 8, 2010
  Speech by Mr Jan F Qvigstad, Deputy Governor of Norges Bank Central Bank of Norway, at the Annual Money, Macro and Finance Conference, Limassol, 3 September 2010. […]
- 08Sep/Svein Gjedrem: The central bank's instruments September 8, 2010
  Lecture by Mr Svein Gjedrem, Governor of the Norges Bank Central Bank of Norway, at the Centre for Monetary Economics CME BI Norwegian School of Management, Oslo, 6 September 2010. […]
- 08Sep/European Central Bank: Press conference - introductory statement September 8, 2010
  Introductory statement by Mr Jean-Claude Trichet, President of the European Central Bank, and Mr Vitor Constancio, Vice-President of the European Central Bank, Frankfurt am Main, 2 September 2010. […]
- 08Sep/Jean-Paul Redouin: Monetary and financial stability - a dual role for a central bank: recent lessons September 8, 2010
  Speech by Mr Jean-Paul Redouin, First Deputy Governor of the Bank of France, at the Money and Banking Conference 2010, Central Bank of Argentina, Buenos Aires, 3 September 2010. […]
- 07Sep/BIS, ECB, IMF publish Second Part of Handbook on Securities Statistics September 7, 2010
  Press relase about the BIS, ECB and IMF publishing the second part of the "Handbook on Securities Statistics" (Press release 7 September 2010) […]
American Banker – Intraday News
- U.S. to Auction Insurers' Tarp Warrants September 8, 2010
  The Treasury Department said it intends to sell warrants in Hartford Financial Services Group and Lincoln National that it got as part of a bailout of the two insurers. […]
- Diamond Pledges to Preserve Barclays' Strategy September 8, 2010
  Robert Diamond, the architect of Barclays PLC's investment banking expansion, was appointed the bank's chief executive and pledged to boost its consumer unit. […]
- Managers No Longer an Afterthought in Camels Ratings September 8, 2010
  In the past, a bank making money with plenty of capital and not many nonperforming loans would automatically get a high management grade. Regulators say that free ride is ending. […]
- Basel Panel Has Accord on Capital Rules, But Busy Weekend Ahead September 8, 2010
  The Basel Committee on Banking Supervision reached an agreement Tuesday on new capital requirements for banks, but stopped short of giving details of the final proposal ... […]
- Borrowers Losing Their Homes Are Staying in Them Longer September 8, 2010
  Many defaulted borrowers are not embracing short sales as the much-vaunted "graceful exit" from the home that government and industry officials hoped for. […]
- BNY Mellon to Sell Euro Assets Online September 8, 2010
  Bank of New York Mellon is planning what it says is the first online market in Europe to make it easier to trade hard-to-value asset-backed securities. […]
Banktech
- SAS: Whitepapers September 1, 2010
  Whitepapers on the latest software developments in the banking and financial sector, download now […]
- SAS: Webcasts September 1, 2010
  Browse through the many informative & valuable SAS webcasts […]
- SAS: Marketing Optimization September 1, 2010
  SAS can help you create a more customer-centric communcation strategy today, learn how! […]
- SAS: Fraud and Financial Crimes September 1, 2010
  Learn how SAS's three decade of experience in finances can help you stop fraud in its tracks […]
- SAS: Acquisition and Retention September 1, 2010
  Learn how SAS can help you grow your customer base & increase profitability […]
- SAS: Success Stories August 24, 2010
  Focused business solutions help our banking customers boost profits & optimize ROI, learn more […]
MarketWatch
- AXA slumps, NAB gains as Australia rejects deal September 9, 2010
  National Australia Bank shares rise but those of AXA Asia Pacific fall sharply after the Australian competition body rejects an attempt by National Australia Bank to make its $12.2 billion takeover bid of AXA Asia Pacific more palatable to the regulator. […]
- Goldman's hedge fund factory winding down September 8, 2010
  As Goldman Sachs Group winds down its Principal Strategies group in response to a law that limits banks' abililty to trade with their own money, the firm will be shutting a business that's produced some of the most successful hedge fund managers in the world. […]
- Financial Stocks: Financials climb, recouping previous day's losses September 8, 2010
  The financial sector rebounds to lead U.S. stocks higher as concerns about the European banking sector recede. […]
- Canadian Markets: Canada stocks slide, but loonie firms on rate hike September 8, 2010
  Canadian stocks close lower, failing to capitalize on a central bank rate hike, as sharp losses by gold producers drag the broader market down. […]
- Bond Report: Bonds up; U.S. sells debt at 2nd lowest yield ever September 8, 2010
  The government saw solid demand at its auction of $21 billion in 10-year notes, at the second-lowest yield on record. […]
- The Fed: Fed economic survey sees slowdown September 8, 2010
  WASHINGTON (MarketWatch) -- U.S. growth slowed over the summer, but some sectors such as agriculture and manufacturing held up better than others, according to the Federal Reserve's latest report on the economy. […]
The Economist
- Study leave September 8, 2010
  Plenty of university graduates are working in low-skilled jobsYoung people often worry whether the qualification for which they are studying will stand them in good stead in the workplace. According to the OECD, college and university leavers are better placed in the labour market than their less educated peers, but this advantage is not even in all countrie […]
- Striking facts September 6, 2010
  Working days lost due to labour disputesWORKERS on London's underground rail network begin a strike on Monday September 6th, while across the channel French workers are also on strike in protest at attempts by the government to change the retirement age. Both countries come fairly high on the list of countries that lose working days to labour disputes. […]
- Please delete September 3, 2010
  The internet has become too important for governments to ignoreGOVERNMENTS are increasingly finding ways to enforce their laws in the digital realm. The most prominent is China’s “great firewall”. But China is by no means the only country erecting borders in cyberspace. The OpenNet Initiative, an advocacy group, lists more than a dozen countries that block i […]
- Higher education September 2, 2010
  Galloping inflation in American college feesFOR decades, college fees have risen faster than Americans’ ability to pay them. Median household income has grown by a factor of 6.5 in the past 40 years, but the cost of attending a state college has increased by a factor of 15 for in-state students and 24 for out-of-state students. The cost of attending a privat […]
- Naval gazing September 1, 2010
  China now has more warships than America, according to the IISSTHE International Institute for Strategic Studies (better known as the IISS), reckons China now has more warships than America, which long possessed the biggest fleet. As it can be hard to distinguish a warship from other boats, the IISS uses its own definition of what counts and what does not. T […]
- Rivals September 1, 2010
  The best-selling political memoirs in BritainTONY BLAIR, Britain's former prime minister, published his memoirs on Wednesday September 1st. The few people who have already read them cover to cover report that, in addition to the familiar stuff about how awful his relationship with Gordon Brown was, Mr Blair admits to being manipulative and to having a d […]
BBC World News
- Sri Lanka leader granted sweeping powers September 8, 2010
  Sri Lankan MPs have approved proposals to let President Mahinda Rajapaksa seek an unlimited number of terms, in a move critics say could lead to dictatorship. […]
- Clan 'behind Philippine massacre' September 8, 2010
  A powerful family accused of being behind the worst political massacre in the Philippines plotted the killings over dinner, a court has heard. […]
- How BP will kill the oil spill September 8, 2010
  A scale model of the Gulf of Mexico oil spill and how it is being repaired […]
- Jolie praise for Pakistan military September 8, 2010
  Angelina Jolie has visited Nowshera in north-west Pakistan to highlight the plight of more than 20 million people affected by the country's worst ever floods. […]
- 400,000 hit by flooding in Mexico September 8, 2010
  At least 400,000 people have been affected by flooding in Mexico following torrential rains. […]
- Trapped miners watch football match September 8, 2010
  The miners trapped underground in Chile were able to watch a football match after rescue workers provided a mini TV screen. […]
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IMF News
- Prescient Pundits Deconstruct Forces, Actors Shaping Crisis September 8, 2010
  The global financial crisis has been analyzed, scrutinized, and deconstructed from almost every angle since it erupted in 2007. But two books published in 2010 by eminent authors Raghuram Rajan and Sebastian Mallaby show that there are still fresh areas to explore. […]
- IMF to Provide $450 Million in Flood Aid to Pakistan September 2, 2010
  The IMF announced it would provide around $450 million in new emergency financing to Pakistan to help the country cope with the economic impact of this summer’s massive floods, which have affected about one-fifth of Pakistan’s land mass and left millions homeless. […]
- Sharp Rise in Unemployment from Global Recession September 2, 2010
  The global financial crisis has sharply increased unemployment across the world to more than 210 million people, up 30 million since 2007, hitting advanced economies especially hard and having long-term social repercussions, including on health and the children of those laid off, the IMF says. […]
- IMF Urges Korea to Shift from Crisis Response to Medium-Term Challenges September 1, 2010
  Having recovered strongly from the global financial crisis, Korean authorities should now shift their focus from crisis management to paving the way for strong and sustainable growth, say IMF economists. […]
- Moving Public Debt onto a Sustainable Path September 1, 2010
  The global economic crisis has eroded the government coffers of advanced economies, and countries will need to return debt levels to a sustainable path to manage fiscal risks, boost growth, and create jobs in the coming years, IMF analysis says. […]
- Wheat Price Jump a Supply Shock That Should Unwind September 1, 2010
  Despite a large rise driven by a weather-related supply shock emanating from key exporters in the former Soviet Union, wheat prices remain well below levels reached during the boom in 2008. Market pricing indicates that the risks of further large price spikes have eased. […]
World Bank News
- Data for All August 4, 2010
  Data for All […]
- Innovative Cities July 12, 2010
  Innovative Cities […]
- Investment Lending Reform April 29, 2010
  Investment Lending Reform […]
- Zoellick: Modernizing Multilateralism April 14, 2010
  Zoellick: Modernizing Multilateralism […]
- South Meets South (Part 2) March 31, 2010
  South Meets South (Part 2) […]
- South Meets South (Part 1) March 22, 2010
  South Meets South (Part 1) […]
ATM Marketplace
- ATM ISO Access to Money restructures debt September 8, 2010
  Access to Money, Inc., a Cherry Hill, N.J.-based ATM independent sales organization, yesterday …Read more... […]
- ATM manufacturer GRG reports higher net income September 8, 2010
  GRG Banking Co. Ltd., China's largest ATM manufacturer based on annual shipments, has reported …Read more... […]
- Spark ATM Systems reports decline in ATM withdrawals following the World Cup September 8, 2010
  Spark ATM Systems, an independent ATM deployer based in Cape Town, South Africa, today reported …Read more... […]
- Wells Fargo joins smart phone pilot September 7, 2010
  Wells Fargo Bank will participate with Bank of America and U.S. Bank in a pilot that will enable …Read more... […]
- Turkish bank places large ATM order with GRG September 7, 2010
  GRGBanking Equipment (HK) Co., Ltd. Monday announced that it signed a large ATM contract with a …Read more... […]
- GRGBanking introduces ATM cassette-cash management September 3, 2010
  GRGBanking Equipment Co. Ltd. this month will introduce a cassette-cash management solution for …Read more... […]
American Banker – Washington Regulatory
- Banks Could Grab a Pay Rise from Congress September 8, 2010
  Some firms may consider moving forward annual bonuses to December to lock in lower rates for their stars. The impact would be tantamount to a pay hike courtesy of Congress - at little cost to banks. […]
- One Election Outcome's a Sure Thing: A New Look for the Senate Banking Committee September 8, 2010
  In the third part of a series exploring how the mid-term elections could affect the banking industry, we examine one thing that should be clear come November: whether or not Republicans succeed in taking control of the Senate, the Banking Committee is going to look a lot different next year. […]
- From the Agencies September 8, 2010
  Latest pronouncements from the key banking regulators as well as a comprehensive archive of past agency press releases, alerts, bulletins and other important documents from the FDIC, FRB, OCC, OTS, FinCEN, FFIEC, NCUA, FHFA and Treasury. Note: Page may contain links to PDF documents. To view, please download Adobe Acrobat Reader. […]
- U.S. to Auction Insurers' Tarp Warrants September 8, 2010
  The Treasury Department said it intends to sell warrants in Hartford Financial Services Group and Lincoln National that it got as part of a bailout of the two insurers. […]
- Basel Panel Has Accord on Capital Rules, But Busy Weekend Ahead September 7, 2010
  The Basel Committee on Banking Supervision reached an agreement Tuesday on new capital requirements for banks, but stopped short of giving details of the final proposal until a ... […]
- Kanjorski Race May Prove Critical for Banks, Financial Services Committee September 7, 2010
  In the second part of a series exploring how the mid-term elections could affect the banking industry, we examine the fate of the No. 2 Democrat on the House Financial Services Committee, whose potential loss could shake up leadership on the panel. […]
CNN Top Stories
- Imam: Islamic center location a national security issue September 9, 2010
  The imam behind plans for an Islamic center near ground zero told "Larry King Live" that moving it to another location would embolden Islamic radicals. […]
- Tornadoes touch down in Dallas September 9, 2010
  At least four tornadoes spawned by Tropical Depression Hermine touched down in and around Dallas, Texas, sending up debris and swirling around buildings. […]
- In one day, two asteroids buzz Earth September 9, 2010
  A small asteroid passed within the moon's distance from the Earth on Wednesday morning, and another will do likewise later in the day, space watchers say. […]
- Mexican mayor shot dead in own office September 9, 2010
  The mayor of El Naranjo, Mexico, in the central state of San Luis Potosi was gunned down and killed inside his office Wednesday, officials said. […]
- MGM lion attack caught on tape September 9, 2010
  MGM Resorts defended its safety practices Wednesday after amateur video surfaced showing a lion attacking its trainer inside its habitat at the MGM Grand in Las Vegas, Nevada, as horrified visitors to the hotel looked on. […]
- Who might replace Rahm? September 9, 2010
  The smart money in Washington and Chicago, Illinois, says it's all but a certainty that within weeks Rahm Emanuel will throw his hat into the ring to replace retiring Chicago Mayor Richard M. Daley. So the parlor game over who will replace Emanuel as White House chief of staff has already kicked into high gear. […]
World Health Organization
- WHO urges countries to take measures to combat antimicrobial resistance August 20, 2010
  20 August 2010 -- WHO suggests that countries should be prepared to implement hospital infection control measures to limit the spread of multi-drug resistant strains and to reinforce national policy on prudent use of antibiotics, reducing the generation of antibiotic resistant bacteria. […]
- H1N1 in post-pandemic period August 10, 2010
  10 August 2010 -- The new H1N1 virus has largely run its course and the world is no longer in phase 6 of influenza pandemic alert, but in the post-pandemic period. […]
- WHO responds to health needs in Pakistan floods August 3, 2010
  3 August 2010 -- The worst floods on record in Pakistan are placing the health of hundreds of thousands of people at risk, with a high threat of water-borne disease outbreaks and immense damage to health facilities. WHO is coordinating the response of health partners and supporting Pakistani authorities by sending medicines and related health supplies capabl […]
- Breastfeeding key to saving children’s lives July 30, 2010
  30 July 2010 -- Malnutrition is responsible for one-third of the 8.8 million deaths annually among children under five. Breastfeeding is a key to improve infant and young child nutrition. The "Ten Steps to Successful Breastfeeding" ensure right start for every infant and the necessary support for mothers to breastfeed. […]
- WHO and the International Olympic Committee sign agreement to improve healthy lifestyles July 21, 2010
  21 July 2010 -- In addition to promoting healthy lifestyle choices the agreement aims to support physical activity, sports for all, Tobacco Free Olympic Games, and the prevention of childhood obesity. […]
- WHO announces new approaches to HIV prevention and treatment among children July 20, 2010
  20 July 2010 -- WHO has made new recommendations with the objective of reducing and eventually eliminating new HIV infections in children. To reduce the number of infants that are infected with HIV each year, WHO recommends that all women with HIV receive antiretroviral drugs to protect against transmission during pregnancy, delivery or breastfeeding. […]
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