Why you need an ATM machine at your corporate event

If you’re planning a big corporate event this holiday season, you can appreciate just how much goes into pulling off such a feat. You have to consider the venue, food and drinks, entertainment, and transportation… then worry if everyone will have a good time! One thing you definitely shouldn’t miss, especially if your event has food, drink, or goods available for purchase, is a Colorado ATM machine service

Cash 

Having an ATM on-site, even for only a single night for a big event, has never been easier. You can find an ATM machine service in Colorado to talk about the options available. They will take care of everything from setting up, to operations, to removing the machine when the event is over, and your attendees will have cash on hand for whatever they want or need.  

Convenience

It’s so easy these days with increased reliance on credit and debit cards to forget to swing by the bank on the way to the party to ensure that you have cash on hand. Your party goers will be happy to know that you’ve taken care of that part for them and brought the ATM to the party instead. And, even if they did stop by the bank on the way, they’ll have access to more cash if they run out of money, meaning the party goes on.  

Effortless revenue

You can even get a cut if you include having an ATM machine at your corporate event which can offset your event planning expenses, go right back into the company’s coffers, or be used for a charitable donation just in time for the holidays. On-site ATM machines are an easy and effortless way to get revenue from a source you probably didn’t think of.  

Easy way to increase spending

If you’re hoping to make money from your corporate event, having an ATM machine on site is a sure way to do just that. Statistics show that customers spend 20 percent more in a place where there is a cash machine on hand. Increase your event attendees’ spending, and you’ll also increase your revenue making it a win-win for everyone involved. 

Video Monitoring: Why it’s Necessary at Every Bank

Surveillance cameras and alarms help keep unwanted crime at bay. However, when security cameras are lacking at important places such as the banks and ATMS, your identity is at risk. Video monitoring at your ATM bank is crucial to avoid these sort of crimes and prevent them from wreaking havoc in your future.

 

Do Bank Cameras Really Do What They Say?

15 million Americans have their identity stolen each year. Bank security cameras offer the type of security that can deter bank crimes, do continuous monitoring, and even help crime investigations. This type of security also offers trust and remote access, safely. So next time you see a video monitoring system at your mobile ATM Colorado, you can rest assured they have your back. Imagine if a thief tried to take advantage of your identity but stopped in fear of getting caught? Video monitoring is like having an extra set of eyes watching out for your best interest.

Bank surveillance cameras prevent fraud, assist with crime investigation, and much more. Especially for an event ATM in Denver Colorado, surveillance cameras at ATMs are vital for keeping one’s identity safe. Cash-out attacks happen frequently but they don’t have to! Just some of the reasons video monitoring helps the banks and customers:

Storage: With video surveillance, you can always guarantee access to the files. Its digital memory makes it easy to run through the files over and over for accuracy. This prevents thieves from getting too far.

Remote Access from Anywhere – Another important reason to have video surveillance on a bank site is remote access to live footage. Video surveillance is easily hooked up to law enforcement and they can attend the scene more quickly should an incident occur.

Multiple Location Access – Most bank video monitoring systems have a central monitoring system that allows local video surveillance to be transferred to a bigger hub. Nowadays, surveillance videos can be viewed and accessed over the internet as well.

Data Recognition – Most modern surveillance cameras can easily identify the thief, transaction numbers on paper, and much more. Advanced technology allows a clear vision of what’s being viewed on camera.

Intelligent function & Alarm System – The technology today allows for alarm systems to be integrated into one signal network. This kind of intelligence allows the video monitoring systems to pick up facial and behavior recognition and motion sensing.

Enhances Confidence – More importantly, video monitoring provides peace of mind when it comes to the transfer of your funds. Modern technology makes it possible to catch and track all theft and questionable transactions.

Do you need an event ATM in Denver? These money cash machines make it simple for your customers to withdraw money at your event. Our wireless ATM service in Colorado is affordable, reliable, and includes theft protect features for identity fraud safety. Contact Mile High ATM for more info today!

Cash-out Attacks & How to Prevent Them

So, you’re standing at the gas pump and you slide your bank card through the machine for payment. Little do you know, that one swipe can leave you in a compromising position. Cashout attacks, like Jackpotting, are no joke. They happen to the best of us. In fact, over 11.5 million dollars of unauthorized transactions were taken at a bank in India. Millions of people are victims of cash-out attacks in the U.S alone. So how do you prevent this fraudulent activity from finding you? These preventive steps will help you gain a better understanding of cash-out attacks and what to look for.

What’s a Cash-out Attack?

In August 2018, banks across the country were warned of malware attacks that could threaten the ATM ecosystem. This alert took banks to the next level with security. Whether you’re withdrawing funds from an ATM or paying for gas at a station pump, you could be a victim of a cash-out attack. These frauds occurs when the criminal(s) have installed software (malware) onto an ATM machine. This allows the criminals to gain complete access to your funds by digitally tracking your account. Memorial Day of 2016, attackers managed to siphon $570,000 from a bank, according to resources.

Protect and Prevent

Because Denver ATM services is susceptible to these attacks, the Colorado Bureau of Investigation suggests reporting all questionable activity to law enforcement right away. But how does one know how to spot it before they are victimized? In order to better protect your financial states, banks are taking these steps to ensure ultimate safety.

Multiple Authentication

Additional password authentication such as one-time password usage will decrease your chances of fraud. Every few months, choose a password that has a scheduled expiration time. This will keep your accounts active and secure, leaving little to no trace for criminals.

Digital Signature

Your digital signature adds a security feature that makes it impossible for criminals to mimic. From shopping to online buying, a digital signature will increase security because of code-signing techniques that allow the bank to recognize that you are authorizing that transaction. Digital signatures are especially recommended for an event ATM in Denver where the population of people is high.

Securing Privilege Right

Believe it or not, you could actually be giving criminals access to your bank account without realizing it. In order to prevent this, remove admin rights to any network online. This will prevent attackers from trying to move in and install malware and pretending it’s you.

Do you have questions about ATM processing in Colorado? Perhaps you need an ATM for an upcoming event. Mile High ATM services are here to confidently answer your questions and provide an ATM for your needs and business. Contact us today for more information!

 

Have you explored these ATM security options yet

ATM crimes have increased significantly over the last few years. They are on the rise especially because many are yet to upgrade their terminals to EMV. The debit cards still carry the magnetic stripes which can be easily duplicated.

The popular attacks include card shimming and card skimming. The other attacks can include anything that varies from grab raids to high-tech attacks. Recently, there have been more unusual attacks like jackpotting and explosive attacks. The threats to ATMs evolve but so should the security measures. Here is a rundown on the security options that you can consider-

Knowledge

Knowledgeable technicians have better chances of spotting any tampering with the ATMS including malicious hardware units. So, being familiar with the ATM terminals is one of the best practices to save cash and sensitive information.

Placement of the ATMs

The placement of the ATMs also plays an impact on its security. The best would be to obtain a criminal activity report first before considering potential ATM locations. This report can suggest what type of security best suits the location. When ATMs are installed in safe locations for customers, they are also more secure for ATM owners.

Physical barriers

To prevent smash and grab attacks, physical barriers can play a great role. Concrete pylons and bollards can be used as physical barricades around the ATM. For an extra layer of security, anchor kits allow you to bolt the ATM to the ground. The anchor kits can withstand high impacts.

Security

The top cabinet on the ATM is the most vulnerable point for an ATM attack. To prevent unauthorized entries, upgrading the locks and managing the key access is a good option.

Software update

ATMs are susceptible to a number of cyber attacks. To protect an ATM from unauthorized downloads and malicious software, software updates in a timely manner are necessary. For more precautionary measures, updating the passwords and monitoring the technicians or employees accessing the ATM should be done regularly.

Investing in security management software

Remote diagnosis and monitoring solutions allow the ATM owners to operate and manage the ATMs in real time. There are security softwares available that scan any unusual transaction or service activity at the ATMs. Any suspicious activity that might occur is recorded and the alert is sent to the concerned department.

For an added layer of security, alarms should be installed at the ATM access points. These will notify the site staff when the terminal site is breached.

With a combination of technology and preventive strategies, the risk to ATM terminals can be greatly reduced.

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Why is withdrawing cash on Wednesday important?

 

 

Withdraw Cash Wednesday (WCW) is a new initiative by ATMIA to remind consumers that they should withdraw cash in advance for the major shopping day of the week which is Friday. It is basically a promotion to withdraw cash from ATMs on Wednesday. This initiative brings out more visibility of the usage of ATMs around the busiest times of the year.

This campaign did not only start to increase the usage of ATMs during the busy season but also to make the consumers aware what are some of the problems they might have to face during the holiday season while withdrawing cash.

The platinum sponsors of the initiative are Cardtronics and Allpoint Network. Although there have been mixed reactions when the initiative was announced, the initiative was strongly supported because of the reasons explained below:

Money Saving

There was once a survey by Bankrate.com that showed that around 24 percent of American adults had no money saved for emergencies like medical bills or when they were laid off. The basic strategy which is recommended to save money is to control spending using cash. And this is just not a personal opinion. The 2017 Health of Case Study by Cardtronics stated that 75 percent of consumers believed in paying in cash to save money. Cash proved to be an effective way to stop them from overspending. I personally feel that as well and it has always been effective for me to stay on budget and save money by using cash.

A healthy customer and retailer relationship to increase sales

Richard Kestenbaum who is a contributor from Forbes said that customer loyalty comes with a lot of things which includes understanding the customers and their needs. Quite obviously, customers want their options be it cashless or cash only. Around 89 percent of the American consumers like to have the option of various methods according to Health of Cash Study. 61 percent of the population does not like it when retailers do not accept cash even if they prefer to pay in cash. So, it only means that just like anything else more than half of the population likes to keep their options open to every payment method.

This is not only a good news for the consumers but also the owners of establishments because they could see a visible increase in their sales after this initiative. In a study sponsored by Cardtronics and conducted by an independent research firm Scansion, the sales in a drug store doubled with an ATM in the store.

According to “Global ATM Market and Forecast to 2022”, there are 66 percent ATMs that are nowhere near a bank branch and many of these offsite ATMs are not even owned by a bank. It is however, becoming easier for customers to find a surcharge-free ATM to access cash.

 

 

 

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How does a bitcoin ATM work?

 

In the truest sense, bitcoin ATMs aren’t actually ATMs. They serve as centers to buy and sell bitcoins. These “BTMs” offer bitcoins to people who are not a part of the banking system.

Bitcoin ATMs are preferred by people because of the privacy they have to offer.

How to use BTMs?

  • The BTMs can be easily found online. Once you locate one near your house, you can use their services.
  • Not all, but most of the BTMs offer a two-way support system, where you can buy as well as sell bitcoins. The common bitcoin ATMs found will allow you only to buy bitcoins with fiat money. Fiat money is a legal tender issued by the Government of any particular country in the local currency.
  • Most of the BTMs require a valid ID and a phone number for any sort of bitcoin transactions through the ATMs. It all depends on the operator and the machine the level of personal information that one may have to reveal. This, in turn, helps keep your bitcoins safe.
  • A BTM is very similar to an ATM. Here also you need an OTP to proceed with your transactions.

Buying Bitcoins

  • You will require entering the fiat notes one after another in the machine after you have gone through the verification procedures to buy the bitcoins.
  • Once the money is deposited, you will get a printed offline wallet or bitcoins in your Bitcoin wallet. In some cases, you may also experience bitcoins being sent to your email address.
  • For the ones using a Bitcoin wallet for the first time, you get a paper with a QR code on it. Upon scanning the QR code, you get a private key that gives you access to your wallet and the Bitcoins you have bought. You can alternatively receive bitcoins through emails after the QR code is sent by mail. These emails can also be encrypted by setting passwords.

After purchasing the bitcoins, you can either use them or invest them. Usually the price of bitcoins is 5-10% higher than the present rates at the exchanges.

Selling bitcoins

Selling bitcoins is an easy procedure. You just have to enter the amount of Bitcoins you want to sell. Next, send it to the address as displayed on the machine. The fiat money will be dispensed once the transaction is completed.

The selling price offered at BTMs is also 5–10% lesser than the exchange rates.

BTMs are secure in the sense that they save Know Your Customer (KYC)/Anti Money Laundering (AMC) and look over any suspicious activity. Once everything is verified, you are allowed to buy bitcoins. One can withdraw bitcoins from their wallets and buy as many as they want provided the operator has those in stock.

The BTM operator has to meet some stringent rules and operating a BTM is a challenging task for them. By registering themselves under the federal financial crimes enforcement networks and obtaining the money transmitter license they can carry on their process of helping people with the bitcoin transactions.

Make Events More Rewarding With Mobile ATMs

 

Are you wondering how you can generate more profit each time you plan a business event? We’ve got the easiest and best solution for you with mobile ATMs. A mobile ATM is something that can make your event more profitable and successful. Up to 75% of money that people withdraw from an ATM installed at an event is spent at the event only. Doesn’t that sound great? If you’re a business owner or an event organizer you may have built marketing strategies to make your event a hit. But rather than that you can put the same money into the installation of mobile ATMs at your venue.

You should consider hiring ATM services which are not only very reliable within the industry, but the most dependable products as well. An organization that already has a good position in the market will supply you with machines that can help you withdraw the cash you need on the spot. In addition to the fact that mobile ATMs give you instant and definite profits, the providing company will also deliver and install them at the venue of your business event, also at no real expense to you. A company that’s known for giving excellent services will also ensure the satisfaction necessary to help maintain the machine(s) on site.

As you may realize, mobile ATM machines are one of the best ways for you to boost your business sales. While you focus on selling your products and/or services at the event, just think of a situation wherein there may be people who won’t have even attended your event with the sole motive to purchase what you’re selling. But considering how you present the situation, they may be willing to purchase your goods but won’t be carrying cash. This is where mobile ATM machines can be immensely helpful to both parties.
We advise you to consider every aspect of your special event. While marketing and publicity of the event is obviously necessary for people to know what you’re doing, you need to apply layman sensitivity to make sure you don’t miss out on anything that could lower the overall success of your event.

Mobile ATMs have been proven to be definite revenue generators. If you look at the other side of installation of mobile ATMs, you’re not just gaining profit from the additional customers who get influenced to spend at your event, you’ll also be able to yield more gains on money from transactions. In simple words, you will secure more customers, more people spending money on your products and services, as well as an additional share of the transactions they’ll be making.

ATM Safety

 

ATMs are all about convenience. They are common in populated areas, providing a source of cash and other banking services. ATMs now utilize several diverse kinds of software. An ATM only increases the general value to a store.

Despite the convenience, be mindful about when and where to withdraw money. If you have to use an ATM, choose one which is inside a shop or mall that’s well lit and make sure to guard you entering your pin number. The ATM inside a grocery shop or restaurant is usually always safer than one that’s outside on the sidewalk.

Among the most frustrating things a person can experience, is that they’ve stood in line for an ATM that does not have any cash. It is essential that banks regularly maintain not only the ATMs, but in addition the surrounding areas too. Among the biggest mistake people make with ATM safety and security is not taking the opportunity to be careful of their surroundings.

You should be mindful of your surroundings. Don’t prefer an ATM at the corner of any building. Be aware of people who are around you and also those who are trying to help you. Check for anyone sitting in a car parked nearby. Always ensure that no one is following you when you leave the ATM. On the off chance if you suspect anyone following you, immediately move to crowded and well-lighted location.

ATM fraud can be initiated with your phone too. Scam phone calls are an enormous problem. The simplest way to safeguard your phone is to allow a passcode. Now wherever you’re or whom you need to hand the phone to, you are aware that another person isn’t getting into your private stuff, spending your funds, snooping through your individual and financial data.

If you’re not careful you can compromise your safety. Robbers look for easy prey to stake out ATM in a low traffic area that is dimly lit. With little bit of carefulness you can protect your account as well as your life. Physical theft of cash and unauthorized withdrawals from an account are two prominent ways ATM theft can occur.

Reasons to Prefer Cash over Card

The war between plastic money and paper money has existed for long. Both have their own advantages and disadvantages. However, you should know there is a time to use credit card and cash. In this article you will find the safer mode of payments and how you can be on your budget while making purchases.

 

As the popular saying goes money is not everything and yet it is very much crucial. The relevance of money in human life is similar to the importance of water or food. It wouldn’t be wrong to say that every human needs money to take care of things and most importantly family. Though money exists but the forms in which we can make payments have been developed. Among these, credit cards have become a popular phenomenon. The debate over the use of plastic money or paper money has been going on for quite some time now. Yet no clear winner has been declared. Everybody wants a card and if you too are planning to buy it then this article is for you. The following are the things you should definitely know before you get one:

 

1. Interest charges and additional costs of using credit card:

While credit card is still a new concept in the history of finance, why so many people still stick to using paper money indeed hints to the relevance it holds even today. At the same time, the benefits and convenience a credit card brings along cannot be simply neglected. Though the benefits would offset the cost but a credit card does account for additional as well as annual charges. Also, if you are buying something and don’t pay off instantly, you will later have to pay for the purchase and interest charges too.

 

2. Giving tips in cash:

You pay tips when you are really happy with a product or service. You as well as the other person will feel happier when tips are made in cash. Some efforts really matter and these deserve a tip. But when you opt for tipping by card, believe it or not, the special feeling the server would have got somehow fades away.

 

3. Cash on a budget:

As a critical part of financial marketplace, cash does play its role the same as a credit card would. However, when you pay in cash you can physically feel the money going away from you. You are bound to think again whether the purchase is necessary or not. So to say, when you choose cash to pay over a credit card, you are determined to consider budget for future purchases.

 

4. Finance and security:

While it may come as a surprise to you, paying in cash is actually a secure method of paying. Firstly, you don’t have to worry about a third person getting access to that cash. Regardless of what happens at the backend of the store, you have paid for your purchase and happily the cash is into safe hands. And this is true not only for the smaller kinds of transactions but for the bigger ones too. Not to forget the fact that many have been victims of fraud online transactions. So if you want to save yourself from being one, try paying in cash. Research shows that it is very easy for fraudsters to get the details of a credit card holder and make scam payments.

 

5. Avoiding additional costs and interests:

The greatest benefit of using only cash and not the credit or debit card is that you will be avoiding the additional costs or interest charges associated with the purchase. Even some small businesses prefer to run as cash-only businesses, for your convenience and for simpler book keeping requirements. At the same time, because not everyone carries cash all the time, these small businesses hire ATM rental and placement services. Certain free ATM Placement Programs aid in such implementations. Adding an on-site ATM makes the process enticing and smooth. Buyers can withdraw the money anytime they want and pay easily for their purchase.