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Scalable Social Network Analysis. The SSNA would monitor telephone calls, conference calls, and ATM withdrawals, but it also sought to develop a far more invasive surveillance technology, one that could “capture human activities in surveillance environments.” The Activity Recognition and Monitoring program, or ARM, was modeled after England’s CCTV camera. Surveillance cameras would be set up across the nation, and through the ARM program, they would capture images of people as they went about their daily lives, then save these images to massive data storage banks for computers to examine. Using state-of-the-art facial recognition software, ARM would seek to identify who was behaving outside the computer’s pre-programmed threshold for “ordinary.” The parameters for “ordinary” remain classified.
Annie Jacobsen (The Pentagon's Brain: An Uncensored History of DARPA, America's Top-Secret Military Research Agency)
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Here we are today, and bitcoin is taking on the entire banking system, the most powerful industry in the world. Guess what? Bitcoin’s going to win. It’s going to win for a very simple reason. It’s not just going to win because it’s better. It’s not just going to win because the banking system is run by gangsters, crooks, and some of the most immoral empty suits in the world. It’s not just going to win because the banking system has spent the last 50 years delivering just two consumer innovations — ATMs and credit cards — and then spent the rest of the time trying to figure out how to fleece you. It’s going to win because it’s open. In a world of tinkers, of experimenters, of makers, open wins. The reason it wins is that it allows innovation to flourish at the edges.
Andreas M. Antonopoulos (The Internet of Money)
He laughs all the way to the bank. I cry at the ATM.
Aaron Goldfarb (How to Fail: The Self-Hurt Guide)
one ATM could do the work of no fewer than thirty-seven human tellers (and, into the bargain, rarely fell ill). In the United States, about half of all those employed in retail banking—some 500,000 people—lost their jobs between 1980 and 1995, thanks in large part to the invention of these silkily efficient machines.
Alain de Botton (Status Anxiety)
The result is that most banks will eventually rationalise down to just one store for every 250,000 people—or one store for every large town, city and shopping centre—rather than the current structure which allocates about one store for every 20,000 people. The question then is this: What do you do with the 80 per cent of stores that are no longer needed? The ones in the suburbs and smaller high streets? The answer is that you replace them with satellite self-service hub stations, which allow people to self-serve with ATMs and deposit machines.
Chris Skinner (Digital Bank: Strategies to launch or become a digital bank)
The top employees of the five largest investment banks divided a bonus pool of over $36 billion in 2007. Leaders in the financial sector argued that in fact their high returns were the result of innovation and genuine value-added products, and they tended to grossly understate the latent risks their firms were taking. (Keep in mind that an integral part of our working definition of the this-time-is-different syndrome is that “the old rules of valuation no longer apply.”) In their eyes, financial innovation was a key platform that allowed the United States to effectively borrow much larger quantities of money from abroad than might otherwise have been possible. For example, innovations such as securitization allowed U.S. consumers to turn their previously illiquid housing assets into ATM machines, which represented a reduction in precautionary saving.13
Carmen M. Reinhart (This Time Is Different: Eight Centuries of Financial Folly)
Whether we make our own money or rely on someone else, many of us would rater pretend our financial matters don't exist. Or we hope they'll just take care of themselves somehow. My ex-husband was like that. He always said, "I bank by prayer. I go to the ATM and pray that money will come out.
Nancy Levin (Worthy: Boost Your Self-Worth to Grow Your Net Worth)
I stood in a maze line formed by crushed-velvet ropes and waited my turn. It reminded me of visiting a bank in the days before ATMs. The woman in front of me sported a business suit—at midnight—and big enough bags under her eyes to be mistaken for a bellhop. Behind me, a man with curly hair and dark sweats whipped out a cell phone and started pressing buttons.
Harlan Coben (Tell No One)
I swung from one place to the next, sometimes backward, sometimes forward, capitalizing on my own momentum, knowing that at some point my arms—or, more accurately, my quivering bank balance, accessed through foreign ATMs—would give out, and I’d fall to the ground.
Amanda Lindhout (A House in the Sky)
Loss is not just what’s gone in the present but all of the future plans. The trips booked. The imagined graduation events. The holidays not celebrated together. Life falls apart in shudders, in emails from lawyers, drained bank accounts, trips to the ATM, new forms to fill out at the pediatrician, new boxes to check. Life falls apart in music stations no longer listened to, restaurants not gone to, food no longer eaten, dishes not ordered. Habits. Clothes. Preferences. Washed away.
Zibby Owens (Blank)
Everything operates on just-in-time delivery these days,” Mike said. “If the trucks stop, within twenty-four hours, hospitals and medical facilities will run out of basic supplies. Within three days, gas stations will be completely out of fuel. Store and restaurant shelves will be bare. ATMs and banks will run out of cash—though without power, we can’t access our money anyway. Within four weeks, the nation’s clean water supply will be completely exhausted.
Kyla Stone (Edge of Madness (Edge of Collapse, #2))
Future of Prepaid Instruments Merchants continue to have their closed loop wallets as an easy way for pushing refunds, a tactic for increasing customer stickiness. But with instant refund solutions, these wallets also may lose their charm. Only a few types of prepaid cards have some value: Gift Cards (because these are a lazy person’s gifting choice), Forex cards (Quintessential for overseas trips) and Specialised cards (Sodexo). But this status is changing with the growth of a particular sector – NBFC/LendingTech. As NBFC/LendingTech companies cannot issue credit cards so prepaid cards are used as instruments to lend the money (by doing just in time funding to the prepaid card). In Apr’21, RBI have issued new guidelines for prepaid cards/wallets: Balance limit is increased to Rs. 2,00,000 Interoperability among PPI instruments Cash withdrawal at ATM and POS PPI entities can set-up operations for NEFT/RTGS transfers With these new guidelines and boom in neo-banks & LendingTech companies, prepaid cards and wallets may get another shot at not just revival but a remarkable growth. Let’s wait and watch!
Aditya Kulkarni (Auth n Capture : Introduction to India’s Digital Payments Ecosystem)
Good Money does the opposite, in a half-dozen different ways. Technically a mobile wallet, Good Money lives on your phone and holds both regular and crypto currencies. It can be used at any ATM, with zero annual fees, no ATM charges, and an interest rate a hundred times larger than most banks. Customers also become owners.
Peter H. Diamandis (The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives (Exponential Technology Series))
Donald Miller says it pretty straightforward in the book called StoryBrand, which I highly recommend: “If we position our products and services as anything but an aid in helping people survive, thrive, be accepted, find love, achieve an aspirational identity, or bond with a tribe that will defend them physically and socially, good luck selling anything to anybody. These are the only things people care about. We can take that truth to the bank. Or to bankruptcy court, should we choose to ignore it as an undeniable fact.
Jason Heiber (Instagram Stories: The Secret ATM in Your Pocket - Financial Freedom Between Your Thumbs)
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Travelers typically lost around 1 or 2 percent when they exchanged paper money, in the same ballpark as the fee I pay today when I can’t get to my bank and have to use another bank’s ATM. Also, the historians found, there weren’t actually that many shady banks.
Jacob Goldstein (Money: The True Story of a Made-Up Thing)
Another time, a zonal manager told me how a borrower tried to push in actual pins at an ATM that had asked for a PIN to enable cash withdrawal.
Tamal Bandyopadhyay (Bandhan: The Making of a Bank)
A few days later, Pellegrini took his wife on vacation in Anguilla. Stopping at an automated-teller machine in the hotel lobby on New Year's Eve to withdraw some cash, she checked the balance of their checking account. She was immediately taken aback. On the screen before her was a figure she had never seen before, at least not on an ATM. It's not clear how many others ever had, either: $45 million, newly deposited in their joint account. It was Pellegrini's bonus for the year, including some deferred compensation. He was still special to John Paulson, after all. In truth, Pellegrini had withheld more from his bonus than he needed in order to pay the year's taxes, so the figure in the bank account that day was skimpier than it could have been. Paulson paid him about $175 million for his work in 2007. Pellegrini would never again have to worry about finding a career, keeping a job, or stretching his savings. "Wow," his wife said quietly, still staring at the ATM. Then they left, arm in arm, to meet a chartered boat to take them to nearby St. Barts. Paulson did quite well for himself as well. His hedge fund got to keep 20 percent of the $15 billion or so gains of all his funds. He also was a big investor in the credit funds. His personal tally for 2007: nearly $4 billion. It was the largest one-year payout in the history of the financial markets.
Gregory Zuckerman (The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History)
If you want a romantic partner, when you see a couple madly in love it’s your magic cue to be grateful for the perfect partner. If you want to have a family, when you see babies and children, take the magic cue and be grateful for children. When you pass by your bank, or an ATM, it’s your magic cue to
Rhonda Byrne (The Magic (The Secret, #3))
Today, if you go to an ATM machine and you put in your card, the bank may decide to give you your money. One day—as the people of Cyprus, Greece, Venezuela, Argentina, Bolivia, Brazil, and a list of hundreds of countries over the last several decades and even centuries have discovered—one day, you go to the bank and the bank does not want to give you the money, because they don’t have to. That’s the essence of a master-slave relationship. Bitcoin is fundamentally different because in bitcoin, you don’t owe anyone anything and no one owes you anything. It’s not a system based on debt. It’s a system based on ownership of this abstract token. Absolute ownership.
Andreas M. Antonopoulos (The Internet of Money)
When these residents catch a train or bus, or take out money from an ATM, they will scan their irises, rather than swiping a metro or bank card. Police officers will monitor these scans and track the movements of watch-listed individuals. "Fraud, which is a $50 billion problem, will be completely eradicated," says [Jeff] Carter. Not even the "dead eyeballs" seen in Minority Report could trick the system, he says. "If you've been convicted of a crime, in essence, this will act as a digital scarlet letter. If you're a known shoplifter, for example, you won't be able to go into a store without being
John W. Whitehead (A Government of Wolves: The Emerging American Police State)
A stunning lady was standing right behind me at the ATM so I took out 10000 instead of 100, Then went straight to the bank to put it back in.
Nitya Prakash
Even when there’s automation, this doesn’t always create the dire results we expect. Consider automatic teller machines (ATMs). When they were first rolled out in the late 1970s, there were serious concerns about bank teller layoffs. Between 1995 and 2010, the number of ATMs in America went from one hundred thousand to four hundred thousand, but mass teller unemployment wasn’t the result. Because ATMs made it cheaper to operate banks, the number of banks grew by 40 percent. More banks meant more jobs for human bank tellers, which is why bank teller employment actually rose during this period.
Peter H. Diamandis (The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives (Exponential Technology Series))
ATMs in 2016? (Source: ATMMarketplace.com)
Brett King (Bank 3.0: Why banking is no longer somewhere you go, but something you do)
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Someone impersonating a celebrity on Instagram conned me. I spoke with this scammer on WhatsApp for eight months, and after sending them money using Bitcoin, I was asked for my banking information. They then conned me out of my seventy thousand dollars in unemployment benefits, saying, "Oh, I sent cash to your account," without giving me a chance to confirm that it was my unemployment money. They were quite understanding and waited for my payment for eight months before I revealed them via a WhatsApp video. They requested that I use an ATM to purchase Bitcoin. But thanks to Recovery Nerd's skilled hacker, who started on schedule, I was able to get my $70,000 back. Because of his exceptional skills, I have referred him to friends and coworkers, all of whom ended up becoming happy clients. You can contact him at RECOVERYNERD@MAIL.COM for everything. He has been a huge assistance to me in the trading profession. Hacking and Recovering Funds He is the greatest and possesses a variety of abilities in exposing scammers and retrieving funds. I'm delighted to have received my money back.
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