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ChapterTitleNews
Services, Benjamin Lawsky, announced that New York would seek to regulate of the bitcoin ecosystem is not traced
bitcoin service providers. But Internet entrepreneurs Cameron and Tyler to any one person, corporation or
Winklevoss, who were investors in BitInstant, stated that over regulation of the political agenda."
nascent bitcoin marketplace could cripple the development of the ecosystem for
the alternative currency. Because bitcoin is decentralized,
the virtual currency will flourish
Risks and rewards wherever it is not regulated. "If
Some industry observers believe that the nature of bitcoin, as a mathematical the innovators who build new
value rather than a monetary one, makes it highly resilient to regulations technologies around this protocol
imposed on it. "The innovative impact of bitcoin is in the protocol that drives it," are prohibitively regulated or
said Tom Waters, Director of Sales at Bank Associates Merchant Services. "It is a policed, the economic progress
mathematical solution to a logic problem. The driving force behind the growth surrounding bitcoin development
will simply shift to less regulated
nations," Waters said. "Progress
might be delayed, but it will be
virtually impossible to stifle or kill
altogether. As time progresses and
these new companies demonstrate
that they can be trusted, there will
be a lot less risk in promoting it as a
product."
Mothballs for XP
raises security
concerns for
ATM ISOs
SOs that service and support
ATMs face a dilemma come
April 2014, when Microsoft
I Corp. discontinues support for
the Windows XP operating system.
Without support for the operating
system on which most of the 420,000
ATMs in the United States run, ISOs
that fail to migrate ATMs to the
newer Windows 7 may face increas-
ing fraud risks on those ATMs.
According to the ATM Industry
Association, when April 8, 2014,
rolls around, Windows XP support
services, including security updates,
nonsecurity "hotfixes," free or paid
assisted support options, and online
technical content updates will no
longer be offered. "No company can
afford to ignore such an important
change," said Mike Lee, Chief
Executive Officer at the ATMIA.
In a report titled Risks of Maintaining
Windows XP Platform for ATMs, the
ATMIA said, "Continuing to operate
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16
Services, Benjamin Lawsky, announced that New York would seek to regulate of the bitcoin ecosystem is not traced
bitcoin service providers. But Internet entrepreneurs Cameron and Tyler to any one person, corporation or
Winklevoss, who were investors in BitInstant, stated that over regulation of the political agenda."
nascent bitcoin marketplace could cripple the development of the ecosystem for
the alternative currency. Because bitcoin is decentralized,
the virtual currency will flourish
Risks and rewards wherever it is not regulated. "If
Some industry observers believe that the nature of bitcoin, as a mathematical the innovators who build new
value rather than a monetary one, makes it highly resilient to regulations technologies around this protocol
imposed on it. "The innovative impact of bitcoin is in the protocol that drives it," are prohibitively regulated or
said Tom Waters, Director of Sales at Bank Associates Merchant Services. "It is a policed, the economic progress
mathematical solution to a logic problem. The driving force behind the growth surrounding bitcoin development
will simply shift to less regulated
nations," Waters said. "Progress
might be delayed, but it will be
virtually impossible to stifle or kill
altogether. As time progresses and
these new companies demonstrate
that they can be trusted, there will
be a lot less risk in promoting it as a
product."
Mothballs for XP
raises security
concerns for
ATM ISOs
SOs that service and support
ATMs face a dilemma come
April 2014, when Microsoft
I Corp. discontinues support for
the Windows XP operating system.
Without support for the operating
system on which most of the 420,000
ATMs in the United States run, ISOs
that fail to migrate ATMs to the
newer Windows 7 may face increas-
ing fraud risks on those ATMs.
According to the ATM Industry
Association, when April 8, 2014,
rolls around, Windows XP support
services, including security updates,
nonsecurity "hotfixes," free or paid
assisted support options, and online
technical content updates will no
longer be offered. "No company can
afford to ignore such an important
change," said Mike Lee, Chief
Executive Officer at the ATMIA.
In a report titled Risks of Maintaining
Windows XP Platform for ATMs, the
ATMIA said, "Continuing to operate
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16
