Starting in 2026, the U.S. Mint will no longer make the penny. The end of the penny will impact individual consumers and businesses, but perhaps its greatest impact will be on financial institutions across the Northeast and the rest of the country.
Bank security used to be simple. A solid steel vault, a reliable lock, and an armed guard were once all that was used to keep cash and valuables protected. Fast forward to today, and the landscape looks very different. Banks and credit unions now operate in a world where security threats are as likely to … Read more
ATM Theft, Vandalism, and Cyber Attacks Are on the Rise ATMs and ITMs are essential customer service points—and frequent targets for criminals. Their visibility and cash access make them vulnerable to physical attacks, fraud, and cybercrime. Alarming Trends: ATM attacks have surged nearly 600% since 2019, peaking in 2021 but remaining high. Insurance claims for … Read more
Banking Deserts and Cash Availability The number of bank branches in the U.S. has been declining for decades as a result of bank mergers, online banking, and banks looking for ways to reduce costs. This problem becomes even more pronounced after natural disasters when the demand for cash rises substantially and banks struggle to keep … Read more
With every new technological advancement, the need for efficient, real-time maintenance solutions for electronic devices increases. In the financial sector, ATMs and ITMs serve as the primary touchpoints between banks and their customers. As a result, their uninterrupted functionality is key to maintaining quality control and customer satisfaction. Introducing RemoteView—a game-changer in remote ATM … Read more
New Jersey – September 7, 2023 – Shields Business Solutions, a leading provider of ATM/ITM, TCR machine, and cash sales and service in NJ, PA, NY, and DE, is pleased to announce the hiring of Kathleen Amadio as EVP, Sales. Kathleen spent 25+ years at NCR in the banking division working with large, medium, and … Read more
As your trusted partner in ATMs, ITMs, Teller Cash Recyclers, and cash management solutions, we’re pleased to share our latest insights in this edition. In this newsletter we discuss the advantages of Middleware over direct connection for TCRs, strategies to mitigate the emerging threat of Transaction Reversal Fraud, and introduce the ASYS AL-Series Currency Counter/Discriminator. … Read more
Winter 2023 Newsletter – Shields Business Solutions
Fall 2022 Newsletter – Shields Business Solutions