patent relates to cash transactions on an electronic kiosk where remaining funds after the initial transaction can be used towards a subsequent transaction. Transactions can involve products or services, as well as account-based transactions Source: money.cnn.com Recognizing that many reverse ATMs required the customer to pay the exact amount, potentially losing leftover change, Shahbazi applied for the… Read More »
Services like RedBox have been delivering movies to the masses for more than 15 years but hiring out discs via a vending machine is always bound to cause problems. So how about a nice touchscreen shopping mall kiosk that dumps the latest movies to a USB stick for a few cents each?
Spotted by a TorrentFreak reader in a shopping mall in Ethiopia, this bright yellow kiosk looks like an ATM. However, on closer inspection it reveals itself to be a self-service media machine that does everything that RedBox can do (and more) without a plastic disc in sight.
Cash machine manufacturers Diebold and Wincor Nixdorf have joined forces to found an association that will work to improve ATM security.
The partners are inviting banks and their fellow manufacturers and IT suppliers to join them in tackling the threat by improving industry communication and information sharing.
Can you really afford the hidden costs of cheap parts?
Nice writeup on the impact of cheap components. Example is cash dispenser with cheaper plastic shutter and how that one part of the overall assembly bleeds red ink into overall operation.