ATM&CARDS Weekly Newsletter
September 2, 2014
www.atmandcards.com
Volume 9 No 1
Researchers use Google Glass to boost ATM security security. Finextra German researchers have devised a novel if convoluted way of using Google Glass to make ATM cash withdrawals more secure. The team from Saarland University have tapped cryptographic software called Ubic for their project, installing it on Glass. The software identifies the user to the cash machine, creating a public key that is used to encrypt a one-way way PIN that is sealed with a digital signature. What results is a QR code on the ATM screen which only the customer's Google Glass can decrypt, showing the wearer a PIN needed to complete their transaction. Dominique Schröder, assistant professor, cryptographic algorithms, Saarland University, says: "We know that you can use it [Glass] to abuse data. But it can also be used to protect data."
MasterCard Named to Forbes Most Innovative Companies List Amanda Gioia
Sterling Bank; enriching lives using the ATM In a move to encourage card users to transact with their cards, deepen the use of ATMs as an alternative channel for banking transactions and to motivate others who don’t own a card to get a one, Sterling bank went on a six-week week ATM activation exercise.
MasterCard was named to Forbes Most Innovative Companies list. At number 32, MasterCard sits along side the world’s top 100 innovative companies based on a methodology that reflects firms who are not only innovative now, but also expect to be in the future. All of these global brands are working each day to evolve their business and continue to do new and exciting things in their www.atmandcards.com
respective fields. At the same time, MasterCard Chief Innovation Officer Garry Lyons was recognized as one of Forbes Next Gen Innovators. His theory on innovation is to “fail smart, move fast and cheap and learn as much as possible.” In the profile Lyons admits that while its tough to get consumers excited about payments, they ey do want easier, faster and safer transactions, and its his job to deliver.
The aim of this scheme according to the bank's Group Head, Strategy and Communications, Shina Atilola is to deepen brand awareness, street visibility, and convert the bank bank's share of awareness to actual affinity with customers. According to him, customers who carry out transactions on Sterling Bank's ATMs at selected branches will be prompted to experience the "One-Customer" Customer" treatment of their choice from the list of gifts and activities on offer. He pointed out that with the initiative, the bank will create a conducive environment to interact directly with users of the channels, while the customers will have a better understanding of the "One-Customer" proposition. The reward eward includes makeovers, photography sessions with celebrities, saloon services, spa /relaxation services, fashion incentives, exotic car rides and refreshment. Some of its customers in Lagos and Port-Harcourt Harcourt have commended the bank for instituting a reward ard system for users of its ATMs during the ongoing ATM activations across the country, expressing the opinion that such an exercise would encourage the use of ATMs in the country in line with the ongoing cash cash-less policy. 1