wireless Atm service in colorado

Wireless ATM service perks

ATM machines outside of banks have been a game-changer for small businesses. Offering this convenience to their customers increases foot traffic, creates an additional revenue stream into the business and often increases the money spent by customers when they’re there. Wireless ATM service is a no brainer for businesses. Why wouldn’t you make you business even better by adding wireless ATM service in Colorado? Here’s what you need to know.

Benefits everywhere you need them 

The most obvious benefit of wireless ATM service in Colorado is that the machine can be everywhere you need it to be. If a machine is inside of a space, it won’t add an additional need for connection to outside lines. If it’s outdoors, and you’re an event planner, you’ll be amazed at the many places where an ATM can be placed for the convenience of your event attendees. That means they never have to leave your event to get more cash to spend there.  

No need for extra equipment with wireless ATM service

With many wired machines that depend on Internet connectivity, you need to worry about ancillary equipment that can make that happen. Another convenient feature of wireless ATMs is that no connectivity equipment is required. No more worries about buying a router with the bandwidth to support the machine, or potential connectivity problems that might arise between the machine and the connection source.  

Less room for error with wireless ATM service

Because a wireless ATM automatically gets the information it needs and the connection is required wirelessly, there is less room for error due to faulty connections or equipment. As a business owner, you can practically set it and forget it. In all actuality, a reputable ATM service company will set it for you, delivering the machine, making sure it’s online, and ensuring that it’s always operable for the convenience of your customers and for a positive impact on your bottom line.

atm events colorado

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!

 

mobile atm colorado

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 ATM’s can be referred to as Mobile ATM Colorado.

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. They act as best mobile atm colorado.
  • 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.