1
00:00:04,120 --> 00:00:07,160
Speaker 1: Get in touch with technology with tech Stuff from how

2
00:00:07,200 --> 00:00:14,080
Speaker 1: stuff works dot com. Hey there, and welcome to tech Stuff.

3
00:00:14,120 --> 00:00:16,479
Speaker 1: I'm your host, Jonathan Strickland. I'm an executive producer and

4
00:00:16,480 --> 00:00:19,440
Speaker 1: i love all things tech and I'm a little short

5
00:00:19,560 --> 00:00:22,200
Speaker 1: on cash at the moment. But no fear, because it's

6
00:00:22,239 --> 00:00:25,280
Speaker 1: time for a classic episode and Chris Poulette and I

7
00:00:25,360 --> 00:00:28,200
Speaker 1: are about to go and visit an a t M. Yes,

8
00:00:28,320 --> 00:00:31,360
Speaker 1: this classic episode is all about a t M S

9
00:00:31,960 --> 00:00:34,559
Speaker 1: And I'm pretty sure I say a t M machine

10
00:00:34,680 --> 00:00:37,479
Speaker 1: and pen number a billion times in this so if

11
00:00:37,479 --> 00:00:42,080
Speaker 1: that bugs you, my bad. But otherwise enjoy this classic episode,

12
00:00:42,080 --> 00:00:46,880
Speaker 1: which originally published on November two thousand eleven. They say

13
00:00:46,880 --> 00:00:50,760
Speaker 1: the best things in life are free. You're such a card.

14
00:00:52,360 --> 00:00:58,240
Speaker 1: Today we're going Today we're gonna talk about automated teller

15
00:00:58,360 --> 00:01:02,160
Speaker 1: machines or a t M senes. Oh, we'll also be

16
00:01:02,240 --> 00:01:07,200
Speaker 1: talking about personal identification numbers or pen numbers. Five people

17
00:01:07,280 --> 00:01:09,720
Speaker 1: just paused the podcast so that they could write us

18
00:01:09,760 --> 00:01:12,720
Speaker 1: an angry email about the redundancy. They probably also went

19
00:01:12,720 --> 00:01:16,800
Speaker 1: ahead and unsubscribed. Possibly yeah, but we in case, just

20
00:01:16,880 --> 00:01:18,720
Speaker 1: for you people who have those pet peeves, and I

21
00:01:18,840 --> 00:01:22,280
Speaker 1: totally understand. I'm not sharing. I share those pet peeves.

22
00:01:22,319 --> 00:01:25,360
Speaker 1: I am not criticizing. You may very well hear me

23
00:01:25,480 --> 00:01:30,080
Speaker 1: say a t M machine and or PEN number at

24
00:01:30,160 --> 00:01:34,720
Speaker 1: least once in this podcast as a way and and

25
00:01:34,840 --> 00:01:37,440
Speaker 1: not not in a way to needle you. Just that's

26
00:01:38,000 --> 00:01:41,080
Speaker 1: it's it's stamped in my brain that way. Well, pen

27
00:01:41,200 --> 00:01:44,960
Speaker 1: number two is also a little bit more useful than

28
00:01:45,000 --> 00:01:48,280
Speaker 1: a t M machine since pen is also a pin.

29
00:01:48,440 --> 00:01:53,440
Speaker 1: Do you have your pen? Yeah? Right, no number exactly?

30
00:01:53,520 --> 00:01:55,560
Speaker 1: Do you have your personal identification numbers? So, yes, we're

31
00:01:55,560 --> 00:01:58,600
Speaker 1: talking about a t M S today, and we've had

32
00:01:58,640 --> 00:02:00,360
Speaker 1: a few people asked us about how a t m

33
00:02:00,440 --> 00:02:02,720
Speaker 1: S work. We assume it was all on the up

34
00:02:02,720 --> 00:02:06,680
Speaker 1: and up, not to find out how they work so

35
00:02:06,720 --> 00:02:10,000
Speaker 1: that you can exploit them. I did find out an

36
00:02:10,080 --> 00:02:13,680
Speaker 1: article about how to hack into one. Wow. Well, and

37
00:02:14,040 --> 00:02:16,480
Speaker 1: that gets a little complicated. We'll talk about that. Why

38
00:02:16,600 --> 00:02:19,040
Speaker 1: that is in the case, Um, yeah, because it really

39
00:02:19,040 --> 00:02:21,799
Speaker 1: does depend. But first let's talk about how a t

40
00:02:22,040 --> 00:02:27,560
Speaker 1: M S came to be. That's somewhat in dispute. Yes, um,

41
00:02:27,600 --> 00:02:32,520
Speaker 1: there there are multiple people who were inventing things that

42
00:02:32,680 --> 00:02:35,519
Speaker 1: resemble what a t M S are today in different

43
00:02:35,520 --> 00:02:39,040
Speaker 1: parts of the world around the same time, although the

44
00:02:39,080 --> 00:02:42,680
Speaker 1: earliest one I could find was from a Mr. Luther

45
00:02:42,960 --> 00:02:46,720
Speaker 1: sim Jean Yes who was born in Turkey. It was

46
00:02:46,760 --> 00:02:50,640
Speaker 1: a son of Armenians who were sadly his family was

47
00:02:50,639 --> 00:02:55,000
Speaker 1: was broken up during a genocide in the early twentieth century,

48
00:02:55,240 --> 00:03:00,000
Speaker 1: and he uh. He eventually immigrated to the United States

49
00:03:00,600 --> 00:03:03,520
Speaker 1: and he came up with an idea that eventually he

50
00:03:03,560 --> 00:03:07,239
Speaker 1: called the bank matic Automated teller machine. So that's where

51
00:03:07,280 --> 00:03:10,480
Speaker 1: we get a t M. That's he's the one who

52
00:03:10,639 --> 00:03:14,040
Speaker 1: came up with the term. And this was around nineteen nine.

53
00:03:15,040 --> 00:03:18,400
Speaker 1: But this was it doesn't really resemble the way a

54
00:03:18,520 --> 00:03:21,880
Speaker 1: t M s look and and act now, But it

55
00:03:21,960 --> 00:03:24,840
Speaker 1: was an idea of a of an of machine that

56
00:03:24,840 --> 00:03:28,400
Speaker 1: would dispense money. And it was run for a six

57
00:03:28,440 --> 00:03:32,359
Speaker 1: month trial at the City Bank of New York, which

58
00:03:32,400 --> 00:03:36,760
Speaker 1: we now call City Bank yes uh. And after the

59
00:03:36,800 --> 00:03:40,160
Speaker 1: six months the trial ended and City Bank decided not

60
00:03:40,360 --> 00:03:44,920
Speaker 1: to extend the trial, not to implement it, and um,

61
00:03:44,960 --> 00:03:47,920
Speaker 1: at least according to one source I read, the reason

62
00:03:48,120 --> 00:03:49,760
Speaker 1: behind it was that it just didn't get a lot

63
00:03:49,800 --> 00:03:54,200
Speaker 1: of traction the people. People just didn't want to use

64
00:03:54,200 --> 00:03:57,800
Speaker 1: a machine to interact with their bank accounts. They preferred

65
00:03:57,840 --> 00:04:00,680
Speaker 1: to have a person to person interaction in a bank

66
00:04:01,320 --> 00:04:03,440
Speaker 1: and um, apparently the people who were using it were

67
00:04:03,480 --> 00:04:07,680
Speaker 1: a bunch of air dwells. Yeah, I read about that too. Basically,

68
00:04:07,720 --> 00:04:10,760
Speaker 1: they they the idea of being that the only people

69
00:04:10,800 --> 00:04:14,120
Speaker 1: who would not want to talk to a teller are

70
00:04:14,120 --> 00:04:16,200
Speaker 1: the people who would prefer that you didn't know they

71
00:04:16,240 --> 00:04:18,760
Speaker 1: were depositing or withdrawing money in the first place. Yeah,

72
00:04:18,800 --> 00:04:22,320
Speaker 1: so we're talking about people with ill gotten game gamblers

73
00:04:22,360 --> 00:04:27,159
Speaker 1: for example, places where gambling was not legal, and um,

74
00:04:27,200 --> 00:04:29,159
Speaker 1: you know, you might not want to have to answer

75
00:04:29,200 --> 00:04:31,840
Speaker 1: tricky questions like how did you come upon this sum

76
00:04:31,880 --> 00:04:36,400
Speaker 1: of money, my good man? Yes, yes, exactly. So. Anyway,

77
00:04:36,400 --> 00:04:41,159
Speaker 1: that was the first recorded incidents I could find of

78
00:04:41,279 --> 00:04:44,400
Speaker 1: someone trying to create an a t M Yes, and

79
00:04:44,480 --> 00:04:48,280
Speaker 1: again it was it was an interesting experiment that ultimately

80
00:04:48,920 --> 00:04:52,840
Speaker 1: failed at that time. Yeah. Now, a lot of what

81
00:04:52,920 --> 00:04:57,040
Speaker 1: I read about the early days of a t M S, UM,

82
00:04:57,080 --> 00:05:00,159
Speaker 1: they weren't a t M S. They didn't function like

83
00:05:00,279 --> 00:05:04,840
Speaker 1: today's machines do. UM. In some cases you needed a

84
00:05:04,880 --> 00:05:08,359
Speaker 1: special card that wasn't actually tied to your your bank account.

85
00:05:08,400 --> 00:05:11,960
Speaker 1: In fact, a lot of them used credit cards instead. UM.

86
00:05:11,960 --> 00:05:16,080
Speaker 1: For a long time credit cards were looked down upon, UM,

87
00:05:16,120 --> 00:05:19,839
Speaker 1: but some of them use special vouchers or coins. Yes

88
00:05:19,880 --> 00:05:23,040
Speaker 1: and yeah, And in Britain you had to UH on

89
00:05:23,040 --> 00:05:25,240
Speaker 1: one of the early trials, you had to go inside

90
00:05:25,240 --> 00:05:27,600
Speaker 1: and get a voucher. You would get a ten pound voucher.

91
00:05:28,080 --> 00:05:29,719
Speaker 1: So if you wanted fifty pounds, you have to get

92
00:05:29,760 --> 00:05:32,240
Speaker 1: five vouchers. That would you take outside of the machine,

93
00:05:32,320 --> 00:05:35,080
Speaker 1: Which raises the question why would you not just go

94
00:05:35,200 --> 00:05:38,360
Speaker 1: and withdraw the money directly while you're there, unless, of course,

95
00:05:38,400 --> 00:05:41,400
Speaker 1: you just wanted the convenience of being able to get

96
00:05:41,480 --> 00:05:44,080
Speaker 1: at ten pounds at any given time in the future.

97
00:05:44,080 --> 00:05:46,760
Speaker 1: And I guess that's the argument you'd have to make, Like,

98
00:05:46,800 --> 00:05:49,760
Speaker 1: instead of walking out the bank with fifty pounds, which

99
00:05:50,200 --> 00:05:52,279
Speaker 1: you know you may or may not need at that time,

100
00:05:52,320 --> 00:05:56,120
Speaker 1: you could have uh five ten pound vouchers, and then

101
00:05:56,920 --> 00:05:59,520
Speaker 1: as the as you go about your business throughout the

102
00:05:59,520 --> 00:06:03,120
Speaker 1: coming day, as you realize, oh, I need some more

103
00:06:03,120 --> 00:06:06,760
Speaker 1: walking around money or getting about money, as I like

104
00:06:06,880 --> 00:06:08,920
Speaker 1: to say, you would go and use one of those

105
00:06:08,960 --> 00:06:11,640
Speaker 1: vouchers to get some more money out. But it did

106
00:06:11,680 --> 00:06:16,359
Speaker 1: seem to decrease the convenience factor of the automated teller

107
00:06:16,400 --> 00:06:19,000
Speaker 1: machine somewhat. But yeah, in this case, you wouldn't need

108
00:06:20,240 --> 00:06:22,760
Speaker 1: a card with stuff and coded on it. You would

109
00:06:22,760 --> 00:06:24,280
Speaker 1: just need your voucher to put in and then it

110
00:06:24,320 --> 00:06:28,880
Speaker 1: would spit money out. It became like a money vending machine. Yeah. Yeah,

111
00:06:29,360 --> 00:06:32,320
Speaker 1: and uh in night in Britain there was a several

112
00:06:32,360 --> 00:06:35,920
Speaker 1: banks use the device UM that would use a card,

113
00:06:36,520 --> 00:06:39,680
Speaker 1: but not a card that you always carried with you.

114
00:06:39,880 --> 00:06:41,920
Speaker 1: It basically worked like the voucher. You'd stick the card

115
00:06:41,920 --> 00:06:44,359
Speaker 1: in the machine, you get your money out, and the

116
00:06:44,400 --> 00:06:47,000
Speaker 1: machine would keep your card, which is kind of a

117
00:06:47,040 --> 00:06:50,080
Speaker 1: pain in the neck. Yeah, it's kind of what happens

118
00:06:50,120 --> 00:06:53,800
Speaker 1: to you now when your machine eats your card and uh, yeah,

119
00:06:53,800 --> 00:06:56,200
Speaker 1: I've had that happen too. That's not a good feeling,

120
00:06:56,279 --> 00:06:59,640
Speaker 1: is it, um, Yeah, except this time in this case

121
00:06:59,640 --> 00:07:02,680
Speaker 1: we're talking about doing it on purpose. Uh yes. So

122
00:07:02,760 --> 00:07:05,240
Speaker 1: some of the other players in this space, and this

123
00:07:05,480 --> 00:07:08,080
Speaker 1: mainly the real development of a t M S beyond

124
00:07:08,160 --> 00:07:12,880
Speaker 1: the early nineteen nine example took place in the sixties.

125
00:07:12,920 --> 00:07:16,560
Speaker 1: So you had people like James Goodfellow, who he secured

126
00:07:16,600 --> 00:07:19,000
Speaker 1: a patent on an a t M like machine in

127
00:07:19,080 --> 00:07:21,280
Speaker 1: nineteen sixty six. He also came up with the idea

128
00:07:21,320 --> 00:07:25,120
Speaker 1: of storing a personal identification number on a magnetic strip

129
00:07:25,200 --> 00:07:27,080
Speaker 1: that would be printed on the back of a card,

130
00:07:27,720 --> 00:07:31,080
Speaker 1: so that would become the A t M card eventually. Uh.

131
00:07:31,160 --> 00:07:34,360
Speaker 1: They had also John D. White, who invented a free

132
00:07:34,400 --> 00:07:37,240
Speaker 1: standing automated teller machine. A lot of these other machines

133
00:07:37,280 --> 00:07:40,320
Speaker 1: were built into the corner of a building. It was

134
00:07:40,320 --> 00:07:43,960
Speaker 1: actually part of a larger structure. Um. This was more

135
00:07:44,000 --> 00:07:47,760
Speaker 1: of a free standing um A machine. Uh. And then

136
00:07:47,800 --> 00:07:51,480
Speaker 1: there's John Shepherd Baron, who I think I think most

137
00:07:51,600 --> 00:07:54,720
Speaker 1: sources I saw credited him as the true father of

138
00:07:54,760 --> 00:07:57,680
Speaker 1: the A t M. Really, yeah, John Shepherd Baron, because

139
00:07:58,280 --> 00:08:01,680
Speaker 1: he was the guy who created the first real fully

140
00:08:01,760 --> 00:08:07,200
Speaker 1: electronic automated teller machine and uh, and the very first

141
00:08:07,200 --> 00:08:10,920
Speaker 1: one was installed in Barclays Bank in London in nineteen

142
00:08:11,000 --> 00:08:16,400
Speaker 1: sixty seven. But you also had Don wet Cell. Now

143
00:08:16,920 --> 00:08:20,400
Speaker 1: he was working in America and his machine started coming

144
00:08:20,400 --> 00:08:23,720
Speaker 1: out around nineteen sixty eight, and he was known to

145
00:08:23,800 --> 00:08:27,800
Speaker 1: have worked at least in part on Shepherd Baron's work

146
00:08:27,880 --> 00:08:30,680
Speaker 1: as well. He kind of took Shepherd Baron's work and

147
00:08:30,720 --> 00:08:34,480
Speaker 1: then uh change things like enhanced things and drop some

148
00:08:34,600 --> 00:08:37,760
Speaker 1: things and included other things, so uh sort of used

149
00:08:37,800 --> 00:08:40,640
Speaker 1: as a launching point for his own work. So you

150
00:08:40,640 --> 00:08:44,080
Speaker 1: get a lot of conflicting information about who is really

151
00:08:44,120 --> 00:08:45,640
Speaker 1: the inventor of the A t M. I think part

152
00:08:45,640 --> 00:08:48,120
Speaker 1: of it depends on where you're from. If you're from

153
00:08:48,120 --> 00:08:53,720
Speaker 1: England and it's John Shepherd Baron, Yeah, and uh um

154
00:08:53,840 --> 00:08:57,720
Speaker 1: the National Museum of American History, the Smithsonian recognized wet

155
00:08:57,760 --> 00:09:01,160
Speaker 1: cell Um and this kind Penny Docutel, which was a

156
00:09:01,160 --> 00:09:06,280
Speaker 1: baggage handling company UM as the people who created the

157
00:09:06,440 --> 00:09:10,040
Speaker 1: A t M. So it's yeah, I guess you. Like

158
00:09:10,080 --> 00:09:11,840
Speaker 1: I said, it all depends on who you ask, sort

159
00:09:11,840 --> 00:09:16,600
Speaker 1: of like television, yeah, or radio. Yeah, they're like many

160
00:09:16,640 --> 00:09:20,640
Speaker 1: other inventions. There's uh the story, the real story is

161
00:09:20,679 --> 00:09:23,640
Speaker 1: far more complicated than just a factoid that you'll find

162
00:09:23,640 --> 00:09:28,280
Speaker 1: in a history book. Yeah. Now, I was gonna say. Now,

163
00:09:28,880 --> 00:09:32,719
Speaker 1: even though in the sixties, UM A t m s

164
00:09:32,760 --> 00:09:36,760
Speaker 1: became a lot more common, banks started as uh including

165
00:09:36,800 --> 00:09:40,080
Speaker 1: them as part of their services. UM. As a matter

166
00:09:40,120 --> 00:09:43,360
Speaker 1: of fact, Uh, the Fortune article I read by Ellen

167
00:09:43,400 --> 00:09:49,520
Speaker 1: Florian Um and uh Doris Burke and Jenny Murrow basically

168
00:09:49,840 --> 00:09:54,320
Speaker 1: was saying that they quoted a chemical bank advertisement and

169
00:09:54,360 --> 00:09:57,240
Speaker 1: said um on September two, our bank will open at

170
00:09:57,280 --> 00:09:59,920
Speaker 1: nine o'clock and we'll never close again. And that was

171
00:10:00,080 --> 00:10:02,720
Speaker 1: the Rockville Center branch at ten North Village Avenue on

172
00:10:02,760 --> 00:10:05,320
Speaker 1: Long Island. Yeah. The idea being that, of course, you

173
00:10:05,360 --> 00:10:08,520
Speaker 1: could access your account at any time and make withdrawals

174
00:10:08,640 --> 00:10:11,760
Speaker 1: or transfers or whatever without having to go into the bank.

175
00:10:11,800 --> 00:10:15,560
Speaker 1: Because of course, the reason why people are coming up

176
00:10:15,559 --> 00:10:18,880
Speaker 1: with this in the first place was for convenience, because

177
00:10:18,920 --> 00:10:26,360
Speaker 1: bank hours are notoriously um short. Yeah, that will people

178
00:10:26,400 --> 00:10:30,080
Speaker 1: talk about bankers hours, where you know, in order to

179
00:10:30,080 --> 00:10:31,960
Speaker 1: actually go and visit the bank, you might have to

180
00:10:32,000 --> 00:10:34,839
Speaker 1: take time out of your work day in order to

181
00:10:34,920 --> 00:10:37,000
Speaker 1: you know, and then you have to go inside a

182
00:10:37,040 --> 00:10:39,600
Speaker 1: bank and stand in line. See for some of our listeners,

183
00:10:39,600 --> 00:10:42,000
Speaker 1: this is going to sound completely foreign to them. Yeah,

184
00:10:42,160 --> 00:10:45,280
Speaker 1: because apart from maybe opening up a bank account or

185
00:10:45,280 --> 00:10:47,480
Speaker 1: perhaps going in for a loan or something like that,

186
00:10:47,920 --> 00:10:50,200
Speaker 1: you just don't have to do that anymore. Yeah, I mean,

187
00:10:50,200 --> 00:10:51,800
Speaker 1: if you want to do the day to day stuff,

188
00:10:51,800 --> 00:10:54,120
Speaker 1: depositing a check, finding out how much money you have

189
00:10:54,160 --> 00:10:58,280
Speaker 1: in the bank, making withdrawal, maybe even transferring money between accounts,

190
00:10:58,280 --> 00:10:59,840
Speaker 1: you can do all that in an a t M. Yeah,

191
00:10:59,840 --> 00:11:01,839
Speaker 1: it's some cases you can do some of that through

192
00:11:02,000 --> 00:11:06,280
Speaker 1: online banking as well. So we've we've almost completely eliminated

193
00:11:06,320 --> 00:11:09,960
Speaker 1: the need to go into a physical space. But back

194
00:11:09,960 --> 00:11:11,960
Speaker 1: in the day, it used to be that if you

195
00:11:12,000 --> 00:11:15,080
Speaker 1: wanted to do anything to do with your money, you

196
00:11:15,120 --> 00:11:16,840
Speaker 1: had to go and stand in line and wait to

197
00:11:16,920 --> 00:11:18,959
Speaker 1: talk to a teller and then they pull up your

198
00:11:19,000 --> 00:11:22,440
Speaker 1: records and do you do all that in person, face

199
00:11:22,520 --> 00:11:25,559
Speaker 1: to face. And actually in the sixties, back when uh,

200
00:11:25,679 --> 00:11:31,240
Speaker 1: back when these were launching again, the people weren't flogging

201
00:11:31,280 --> 00:11:34,520
Speaker 1: to them immediately. There were In fact, some banks were

202
00:11:34,640 --> 00:11:37,800
Speaker 1: a little skeptical that people would ever want to interact

203
00:11:37,840 --> 00:11:40,760
Speaker 1: with a machine as opposed to a human. They thought

204
00:11:40,800 --> 00:11:43,840
Speaker 1: that the human interaction was a key component of the

205
00:11:43,880 --> 00:11:48,120
Speaker 1: banking process. And it really wasn't until the eighties that

206
00:11:48,200 --> 00:11:51,320
Speaker 1: A t M s started to truly take off. Well,

207
00:11:52,240 --> 00:11:56,920
Speaker 1: the Fortune article actually has a particular event that they

208
00:11:56,960 --> 00:12:00,080
Speaker 1: credit with the takeoff of the A t M And

209
00:12:00,160 --> 00:12:02,800
Speaker 1: what might that be. Well, as it turns out, it

210
00:12:02,960 --> 00:12:07,520
Speaker 1: took Mother Nature's involvement to spur people to use the

211
00:12:07,520 --> 00:12:09,400
Speaker 1: A t M. According to them, it's not nice to

212
00:12:09,440 --> 00:12:13,280
Speaker 1: fool Mother Nature. No, Chris and I will tell you

213
00:12:13,320 --> 00:12:15,000
Speaker 1: more about A t M S in just a second,

214
00:12:15,000 --> 00:12:18,040
Speaker 1: but first let's take a quick break to thank our sponsor.

215
00:12:25,640 --> 00:12:30,520
Speaker 1: In January in New York they got seventeen inches of snow,

216
00:12:31,400 --> 00:12:34,800
Speaker 1: which slowed business to a crawl because a lot of

217
00:12:34,800 --> 00:12:38,920
Speaker 1: places couldn't open. And they said, um, again this is

218
00:12:38,960 --> 00:12:42,360
Speaker 1: citing the Fortune article. Um. There was a commercial that

219
00:12:42,520 --> 00:12:46,800
Speaker 1: City Bank released saying, UM, you know, hey, you can

220
00:12:46,920 --> 00:12:51,360
Speaker 1: use these machines anytime, whether the bank's open or not. Uh.

221
00:12:51,400 --> 00:12:56,800
Speaker 1: And they had a new tagline, the City Never sleeps um,

222
00:12:56,840 --> 00:12:58,800
Speaker 1: and it said, Um, I see what they did there,

223
00:12:59,440 --> 00:13:05,600
Speaker 1: The machine used increase during the storm in uh city

224
00:13:05,600 --> 00:13:09,840
Speaker 1: banks market share in New York City deposits had doubled,

225
00:13:10,040 --> 00:13:13,000
Speaker 1: and so the rest of the banks moved to catch up.

226
00:13:13,600 --> 00:13:18,600
Speaker 1: And that basically started a revolution, at least in New York. Um.

227
00:13:18,640 --> 00:13:21,640
Speaker 1: Of course that's a lot of people, so that that

228
00:13:21,679 --> 00:13:23,680
Speaker 1: can affect things. And people go in there and see

229
00:13:23,679 --> 00:13:25,720
Speaker 1: how people are using the A t M S and

230
00:13:25,760 --> 00:13:30,280
Speaker 1: they go back home, you know. Yep. Yeah, And like

231
00:13:30,280 --> 00:13:32,280
Speaker 1: I said, in the eighties, that really started to take off.

232
00:13:32,360 --> 00:13:35,040
Speaker 1: So I guess now we can finally start getting into

233
00:13:35,240 --> 00:13:37,640
Speaker 1: what makes up an a t M and how they

234
00:13:37,760 --> 00:13:41,280
Speaker 1: how they actually work. Uh. Now, part of this involves

235
00:13:41,400 --> 00:13:44,000
Speaker 1: the way that we access the A t M s uh.

236
00:13:44,120 --> 00:13:47,320
Speaker 1: And and not just with the key the keypad or

237
00:13:47,440 --> 00:13:50,880
Speaker 1: the touch screen, depending upon the model that you're using,

238
00:13:51,440 --> 00:13:54,280
Speaker 1: but the card you have, your A t M card,

239
00:13:54,640 --> 00:13:56,680
Speaker 1: whatever you're using to access the A t M. And

240
00:13:56,679 --> 00:13:59,360
Speaker 1: there are variations on this, but all of them have

241
00:13:59,760 --> 00:14:06,880
Speaker 1: a a magnetic stripe or mag stripe on them. And uh,

242
00:14:07,040 --> 00:14:09,520
Speaker 1: you might say, well, what the heck is a magnetic stripe? Well,

243
00:14:09,559 --> 00:14:12,360
Speaker 1: it's kind of what sounds like it's a uh, it's

244
00:14:12,480 --> 00:14:15,720
Speaker 1: it's a plastic like film. It's on the back of

245
00:14:15,760 --> 00:14:19,600
Speaker 1: your card that has lots and lots and lots of

246
00:14:20,280 --> 00:14:25,680
Speaker 1: tiny iron based magnetic particles. Yes, as a matter of fact,

247
00:14:25,840 --> 00:14:30,480
Speaker 1: it's very similar, if not nearly identical to the material

248
00:14:30,520 --> 00:14:34,560
Speaker 1: that they used to use in recording tape cassette tape

249
00:14:34,560 --> 00:14:37,640
Speaker 1: cassette tapes, real to real tapes, eight track tapes, also

250
00:14:37,880 --> 00:14:41,360
Speaker 1: floppy disks. Yeah, the material inside there, I mean, it's

251
00:14:41,400 --> 00:14:44,040
Speaker 1: even most of them are even the same brownish color. Right.

252
00:14:44,160 --> 00:14:46,560
Speaker 1: And the way you right to this strip is that

253
00:14:46,640 --> 00:14:51,360
Speaker 1: you you magnetize these little particles. Each of the particles

254
00:14:51,400 --> 00:14:55,040
Speaker 1: acts like its own bar magnet right, and you magnetize

255
00:14:55,080 --> 00:14:58,280
Speaker 1: them to either have a north or south pole direction

256
00:14:59,320 --> 00:15:03,840
Speaker 1: on each part article and so that's like bits, zeros

257
00:15:03,880 --> 00:15:08,760
Speaker 1: and ones. So by creating them in either a north

258
00:15:08,840 --> 00:15:12,560
Speaker 1: or south pole direction, and then you you've got thousands

259
00:15:12,600 --> 00:15:16,280
Speaker 1: of these right, and in one strip. You can encode

260
00:15:16,320 --> 00:15:19,240
Speaker 1: information that way, and that information is going to have

261
00:15:19,320 --> 00:15:23,360
Speaker 1: things like the the account number on it, so that

262
00:15:23,600 --> 00:15:26,120
Speaker 1: it has you know, it's able to say this card

263
00:15:26,200 --> 00:15:29,840
Speaker 1: belongs to this account. Uh. It may also have the

264
00:15:30,000 --> 00:15:33,800
Speaker 1: pen on their the personal identification number, so that you

265
00:15:33,840 --> 00:15:37,240
Speaker 1: can have that as sort of a key pass entrigue.

266
00:15:37,320 --> 00:15:40,160
Speaker 1: You know, as long as the pen that you enter

267
00:15:40,280 --> 00:15:43,240
Speaker 1: into the A t M matches the one that's on

268
00:15:43,240 --> 00:15:45,960
Speaker 1: the card and in the account, as long as all

269
00:15:46,000 --> 00:15:49,320
Speaker 1: three of those are are the same, then you'll be

270
00:15:49,360 --> 00:15:53,160
Speaker 1: able to access your information. So that's on your card,

271
00:15:53,240 --> 00:15:56,040
Speaker 1: which means of course that the A t M has

272
00:15:56,080 --> 00:16:00,400
Speaker 1: to have some sort of card reader involved, which you

273
00:16:00,400 --> 00:16:03,360
Speaker 1: know it's a magnetic stripe reader that you know, depending

274
00:16:03,400 --> 00:16:06,080
Speaker 1: on the style of the A t M, it maybe

275
00:16:06,080 --> 00:16:08,520
Speaker 1: one where you put your card in and it sucks

276
00:16:08,560 --> 00:16:11,400
Speaker 1: it into the machine and you hope when your transactions

277
00:16:11,440 --> 00:16:14,160
Speaker 1: over it will spit it back out again. Or what

278
00:16:14,320 --> 00:16:16,800
Speaker 1: I see most commonly now are the kinds where you

279
00:16:16,840 --> 00:16:19,560
Speaker 1: swipe it. You either have a vertical swipe where you

280
00:16:19,600 --> 00:16:22,640
Speaker 1: just swipe the card down the side of a little reader,

281
00:16:22,800 --> 00:16:25,000
Speaker 1: or you inserted into a slot and pull it back

282
00:16:25,040 --> 00:16:28,480
Speaker 1: out again quickly. And in either case, the what happens

283
00:16:28,520 --> 00:16:32,120
Speaker 1: is those little magnets go past a detector because the

284
00:16:32,120 --> 00:16:35,520
Speaker 1: magnets are in motion, the detector detects the difference of

285
00:16:35,560 --> 00:16:38,240
Speaker 1: the magnetism on each of those little bars and can

286
00:16:38,280 --> 00:16:41,520
Speaker 1: read that as whatever the information is. Yeah, so all

287
00:16:41,520 --> 00:16:45,360
Speaker 1: the information that's printed on the card, um the number

288
00:16:45,400 --> 00:16:47,720
Speaker 1: that's embossed in the card in your name, the machine

289
00:16:47,760 --> 00:16:49,720
Speaker 1: is not reading or looking at any of that stuff.

290
00:16:49,760 --> 00:16:53,800
Speaker 1: It's taking everything from the magnetic stripe. Which is why

291
00:16:54,120 --> 00:16:58,320
Speaker 1: you should not put your your credit cards or a

292
00:16:58,360 --> 00:17:01,960
Speaker 1: T M S cards or anything like that near powerful magnets,

293
00:17:02,440 --> 00:17:06,800
Speaker 1: right because that could actually realign those little magnetic particles

294
00:17:06,840 --> 00:17:10,160
Speaker 1: inside the film. And some people call it de magnetizing,

295
00:17:10,160 --> 00:17:12,679
Speaker 1: but really it's just realigning those polls so it no

296
00:17:12,760 --> 00:17:15,760
Speaker 1: longer it might spout out gibberish now when you when

297
00:17:15,760 --> 00:17:19,199
Speaker 1: you swipe it, or anyway, it's not going to correspond

298
00:17:19,240 --> 00:17:22,639
Speaker 1: with your information and suddenly your card doesn't work anymore. Yeah,

299
00:17:23,080 --> 00:17:24,920
Speaker 1: you can also find the same thing if you've used

300
00:17:24,920 --> 00:17:27,680
Speaker 1: it too much or if the magnetic stripe gets damaged

301
00:17:27,680 --> 00:17:30,720
Speaker 1: in some way. Um. You know, some people say the

302
00:17:30,800 --> 00:17:33,879
Speaker 1: eel skin wallets. Yeah, I hear that a lot, because

303
00:17:33,960 --> 00:17:35,439
Speaker 1: you know, and there are a lot of different theories

304
00:17:35,440 --> 00:17:38,919
Speaker 1: about Actually the theory I've heard that seems to explain

305
00:17:38,920 --> 00:17:40,640
Speaker 1: it the most, or it seems to be the most

306
00:17:40,880 --> 00:17:44,760
Speaker 1: logical to me. Eel skin wallets some people claim came

307
00:17:44,800 --> 00:17:47,399
Speaker 1: from electric eels and that somehow has some sort of

308
00:17:47,440 --> 00:17:50,679
Speaker 1: electric impulse still stored in it, and that's what's screwing

309
00:17:50,760 --> 00:17:54,919
Speaker 1: up the cards. Count me skeptical on that one exactly.

310
00:17:55,600 --> 00:17:59,479
Speaker 1: But a lot of these have a magnetic clasp so

311
00:17:59,560 --> 00:18:02,359
Speaker 1: that when you close it it it remains closed, and

312
00:18:02,440 --> 00:18:06,280
Speaker 1: the magnetic clasp depending on how your card is, how

313
00:18:06,359 --> 00:18:09,440
Speaker 1: you're storing your card in the wallet, Um, the stripe

314
00:18:09,520 --> 00:18:11,320
Speaker 1: might be close enough to the magnetic class that the

315
00:18:11,359 --> 00:18:16,520
Speaker 1: magnetic class is is realigning those magnetic particles in the film,

316
00:18:16,560 --> 00:18:21,000
Speaker 1: So don't do that. Well. Yeah, so once that, uh,

317
00:18:21,080 --> 00:18:24,000
Speaker 1: you're you have the magnetic card reader. We've talked about

318
00:18:24,000 --> 00:18:29,800
Speaker 1: that and and basically the information is going into a computer. Yeah,

319
00:18:30,560 --> 00:18:33,960
Speaker 1: very basic CPU inside every a t M and in

320
00:18:33,960 --> 00:18:36,440
Speaker 1: fact a lot of them run Windows. Yeah, which we'll

321
00:18:36,440 --> 00:18:39,680
Speaker 1: get to. The earlier A t M s were all proprietary.

322
00:18:39,760 --> 00:18:43,159
Speaker 1: Oh yeah, Now that was when if you had an

323
00:18:43,200 --> 00:18:47,160
Speaker 1: account with UM Bank something, you know, First National Bank,

324
00:18:47,320 --> 00:18:49,760
Speaker 1: and you wanted to go to Second National Bank, you

325
00:18:49,800 --> 00:18:51,879
Speaker 1: were on your own. You have to find an a

326
00:18:51,920 --> 00:18:54,159
Speaker 1: t M for with First National Bank or you are

327
00:18:54,200 --> 00:18:56,680
Speaker 1: out of luck because your card wouldn't work. The system

328
00:18:57,000 --> 00:19:01,119
Speaker 1: wasn't compatible. However, it all so meant that those A

329
00:19:01,240 --> 00:19:04,920
Speaker 1: t M s had the benefit of security through obscurity.

330
00:19:05,320 --> 00:19:10,199
Speaker 1: That's true because UH would be thief would have to

331
00:19:10,280 --> 00:19:13,720
Speaker 1: focus on a particular type of a t M and

332
00:19:14,160 --> 00:19:16,399
Speaker 1: the things that might work on that a t M

333
00:19:16,440 --> 00:19:18,520
Speaker 1: would not necessarily work on a t M s for

334
00:19:18,560 --> 00:19:23,000
Speaker 1: other banks, So it's somewhat limited the liability and the

335
00:19:23,080 --> 00:19:26,200
Speaker 1: vulnerability of those machines. Once the machine started to move

336
00:19:26,240 --> 00:19:30,280
Speaker 1: toward more computer based operating systems like Lennox and Windows,

337
00:19:30,880 --> 00:19:34,160
Speaker 1: then you opened up new opportunities for thieves to target

338
00:19:34,440 --> 00:19:38,080
Speaker 1: specific parts of the A t M infrastructure, and UH

339
00:19:38,200 --> 00:19:40,879
Speaker 1: and made it in some ways more vulnerable than the

340
00:19:40,960 --> 00:19:44,800
Speaker 1: older models. Now I say that, but the truth is

341
00:19:44,840 --> 00:19:47,920
Speaker 1: you can actually find these older model A t M

342
00:19:48,040 --> 00:19:51,840
Speaker 1: s on plenty of sites like eBay, where you could

343
00:19:51,880 --> 00:19:54,440
Speaker 1: buy an A t M if you wanted to, and

344
00:19:54,800 --> 00:19:58,199
Speaker 1: if your goal was to deconstruct, to hack this a

345
00:19:58,280 --> 00:20:00,359
Speaker 1: t M so you would learn how it works, you

346
00:20:00,400 --> 00:20:04,600
Speaker 1: could potentially find vulnerabilities in that system to exploit. Don't

347
00:20:04,680 --> 00:20:08,000
Speaker 1: do that, it's illegal. You don't want to do that,

348
00:20:08,760 --> 00:20:12,000
Speaker 1: but there that That is one of the downsides to

349
00:20:12,040 --> 00:20:14,600
Speaker 1: the old systems too, is that, you know, it's not

350
00:20:14,720 --> 00:20:17,119
Speaker 1: like these things were. It's not like you had to

351
00:20:17,160 --> 00:20:20,000
Speaker 1: have a license to own one. You know, you just

352
00:20:20,040 --> 00:20:21,960
Speaker 1: had to buy one. So you just had to find

353
00:20:22,000 --> 00:20:26,360
Speaker 1: someone willing to sell one and then you can buy it. So, yes,

354
00:20:26,400 --> 00:20:29,520
Speaker 1: you've got your CPU in there. Uh. However, the A

355
00:20:29,600 --> 00:20:34,040
Speaker 1: t M is not its own standalone UM machine like that.

356
00:20:34,280 --> 00:20:38,159
Speaker 1: It's not that it's it's disconnected from the outside world. No,

357
00:20:38,520 --> 00:20:40,320
Speaker 1: but if you if you think about it, it's it's

358
00:20:40,440 --> 00:20:43,760
Speaker 1: very much like the computer that sits on your desktop

359
00:20:43,840 --> 00:20:48,119
Speaker 1: or laptop. So you've got a screen for customer, uh

360
00:20:48,240 --> 00:20:51,280
Speaker 1: for basically an output device. You've got a printer that

361
00:20:51,359 --> 00:20:54,719
Speaker 1: prints out. You've got an input device or maybe two.

362
00:20:54,760 --> 00:20:56,159
Speaker 1: You might have a touch screen. You might have a

363
00:20:56,240 --> 00:21:00,600
Speaker 1: key pad to type in members or both um and

364
00:21:00,640 --> 00:21:04,560
Speaker 1: hopefully both for those of people who have vision impairments,

365
00:21:04,800 --> 00:21:08,600
Speaker 1: right right. And then you also have uh basically an

366
00:21:08,600 --> 00:21:12,359
Speaker 1: internet connection. It may be on a private network. It

367
00:21:12,400 --> 00:21:14,639
Speaker 1: might be some kind yeah, very it might be a

368
00:21:15,320 --> 00:21:20,600
Speaker 1: closed off private connection, but it goes to a whatever

369
00:21:20,680 --> 00:21:24,960
Speaker 1: bank is behind that particular a t M. Yeah, it'll

370
00:21:24,960 --> 00:21:27,879
Speaker 1: have a network connection of some type to communicate with

371
00:21:28,000 --> 00:21:31,239
Speaker 1: a a server somewhere that has account information on it.

372
00:21:31,800 --> 00:21:34,040
Speaker 1: So if you have three dollars in your account you

373
00:21:34,080 --> 00:21:37,720
Speaker 1: want to withdraw twenty dollars, it will say, okay, well

374
00:21:37,880 --> 00:21:41,600
Speaker 1: Jonathan's got three dollars, so I can give him twenty dollars.

375
00:21:42,080 --> 00:21:45,320
Speaker 1: And he's withdrawn twenty dollars, so it makes a note

376
00:21:45,320 --> 00:21:46,720
Speaker 1: of that in the account, so it says, now he

377
00:21:46,720 --> 00:21:49,560
Speaker 1: has two left. Yeah. The way this works is that

378
00:21:49,680 --> 00:21:52,520
Speaker 1: so you can think of the especially the older a

379
00:21:52,600 --> 00:21:55,640
Speaker 1: t M s um, we're really thin clients. Yeah they were,

380
00:21:55,720 --> 00:21:58,760
Speaker 1: they were. You know. The the had essentially enough power

381
00:21:58,880 --> 00:22:02,359
Speaker 1: for it to read the rip to uh uh to

382
00:22:03,320 --> 00:22:07,840
Speaker 1: two allow you to input your pen and to display

383
00:22:07,880 --> 00:22:10,959
Speaker 1: the information. But then what it would do is the

384
00:22:11,080 --> 00:22:14,640
Speaker 1: terminal that you're using would connect to a host processor.

385
00:22:14,760 --> 00:22:18,720
Speaker 1: Now this would be a computer that belongs to whatever

386
00:22:18,760 --> 00:22:23,760
Speaker 1: financial institution again is owns that a t M. Now,

387
00:22:23,800 --> 00:22:26,520
Speaker 1: if that's your bank, then that's pretty much where this ends.

388
00:22:26,560 --> 00:22:30,160
Speaker 1: It goes, it refers to your account. Make it confirms

389
00:22:30,160 --> 00:22:31,920
Speaker 1: that you that you are who you say you are,

390
00:22:32,000 --> 00:22:34,360
Speaker 1: and that at least according to your pen and that

391
00:22:34,920 --> 00:22:37,800
Speaker 1: you have the funds that you require in order for

392
00:22:37,800 --> 00:22:39,600
Speaker 1: you to get whatever it is you're asking. So again

393
00:22:39,640 --> 00:22:41,480
Speaker 1: like in your example, that that you have at least

394
00:22:41,520 --> 00:22:45,280
Speaker 1: twenty dollars you can withdraw um. And then it will

395
00:22:45,320 --> 00:22:48,720
Speaker 1: send the information back to the machine that you're at

396
00:22:48,840 --> 00:22:52,199
Speaker 1: and either confirmed that it can dispense the cash or

397
00:22:52,240 --> 00:22:55,959
Speaker 1: deny it, and then the machine does whatever it's supposed

398
00:22:56,000 --> 00:22:59,320
Speaker 1: to do. Uh, if your bank is a different bank,

399
00:22:59,560 --> 00:23:01,399
Speaker 1: than why happens is the it will go to the

400
00:23:01,400 --> 00:23:05,359
Speaker 1: host processor. The host processor will then route that request

401
00:23:05,520 --> 00:23:09,960
Speaker 1: to the specific financial institution that you belong to and

402
00:23:10,000 --> 00:23:14,680
Speaker 1: get the permission there, and then your bank essentially will

403
00:23:14,760 --> 00:23:20,080
Speaker 1: wirelessly transfer funds to the financial institution and charge of

404
00:23:20,119 --> 00:23:23,120
Speaker 1: that a t M, and then that financial institution will

405
00:23:23,160 --> 00:23:26,800
Speaker 1: allow the a t M to dispense cash because the

406
00:23:26,880 --> 00:23:29,480
Speaker 1: money has been you know, it's not losing money, it's

407
00:23:29,480 --> 00:23:32,960
Speaker 1: had the wireless transfer from your bank. This is also

408
00:23:33,040 --> 00:23:35,480
Speaker 1: why you'll find a lot of a t M s

409
00:23:35,520 --> 00:23:41,840
Speaker 1: have those fees on them, yes, the usage fees, because otherwise,

410
00:23:42,359 --> 00:23:44,840
Speaker 1: you know, it's just an access thing that you know,

411
00:23:44,920 --> 00:23:47,120
Speaker 1: banks are doing out of the goodness of their hearts.

412
00:23:47,160 --> 00:23:50,000
Speaker 1: But these are bankers. We know they don't have that,

413
00:23:50,640 --> 00:23:55,280
Speaker 1: right bankers and lawyers right, So um, hey, I I

414
00:23:55,320 --> 00:23:59,320
Speaker 1: watched the documentary at Christmas, Carol, I know how this works.

415
00:23:59,320 --> 00:24:02,760
Speaker 1: So so in order to make money off of these transactions,

416
00:24:02,760 --> 00:24:04,800
Speaker 1: that's why you have that usage fee, because you know

417
00:24:05,359 --> 00:24:08,280
Speaker 1: it's going to charge you for the whole process of

418
00:24:08,320 --> 00:24:12,200
Speaker 1: having the money transferred from your financial institution to the bank.

419
00:24:12,400 --> 00:24:16,439
Speaker 1: And depending upon the way that the different financial institutions operate,

420
00:24:16,560 --> 00:24:19,440
Speaker 1: you might actually have multiple fees on one transaction, which

421
00:24:19,480 --> 00:24:22,479
Speaker 1: is really irritating. Yeah, that's when you get the fee

422
00:24:22,600 --> 00:24:25,880
Speaker 1: from the second national bank from using it's a t M,

423
00:24:25,920 --> 00:24:27,760
Speaker 1: and then the fee from the first national bank for

424
00:24:27,800 --> 00:24:31,600
Speaker 1: wirelessly transferring the money to second national bank. You should

425
00:24:31,640 --> 00:24:35,199
Speaker 1: have used our a t M. Yeah, that's that's terrible. However,

426
00:24:35,200 --> 00:24:37,040
Speaker 1: one of the bright sides of using a t M

427
00:24:37,080 --> 00:24:39,239
Speaker 1: S is that if you're in a foreign country and

428
00:24:39,280 --> 00:24:43,360
Speaker 1: you're using your card, it's automatically making the change exchange,

429
00:24:43,400 --> 00:24:46,600
Speaker 1: and it usually makes that exchange at a like you know, normally,

430
00:24:46,600 --> 00:24:49,040
Speaker 1: if you go into a financial institution to exchange currency

431
00:24:49,080 --> 00:24:51,960
Speaker 1: from one format to another, there's a fee placed on

432
00:24:52,040 --> 00:24:55,000
Speaker 1: top of that. So yes, so you're not going to

433
00:24:55,040 --> 00:24:58,640
Speaker 1: get a a perfect exchange from whatever currency you're using

434
00:24:58,680 --> 00:25:01,080
Speaker 1: to whatever you need. You're gonna have some of that

435
00:25:01,080 --> 00:25:03,479
Speaker 1: money taken out. But usually if you're using an a

436
00:25:03,560 --> 00:25:05,760
Speaker 1: t M in a foreign country, you you tend to

437
00:25:05,760 --> 00:25:09,359
Speaker 1: get one of the You normally get a really favorable rate.

438
00:25:10,480 --> 00:25:12,560
Speaker 1: You know, it won't be as dramatic as it would

439
00:25:12,560 --> 00:25:14,159
Speaker 1: be if you were to go into some money changing

440
00:25:14,160 --> 00:25:20,280
Speaker 1: place anyway, getting off topic here, So, uh, that's the

441
00:25:20,320 --> 00:25:22,720
Speaker 1: process going on behind the scenes. Now, when the money

442
00:25:22,800 --> 00:25:26,000
Speaker 1: is actually coming out, how does the A t M

443
00:25:26,119 --> 00:25:30,200
Speaker 1: know that it's giving you the right amount of money? Well,

444
00:25:31,320 --> 00:25:33,720
Speaker 1: it has to. Basically, it has cassettes in there with

445
00:25:33,760 --> 00:25:37,760
Speaker 1: the different bills. So assuming that things are lined up correctly,

446
00:25:37,960 --> 00:25:39,919
Speaker 1: assuming that the person who's loaded the a t M

447
00:25:39,960 --> 00:25:42,879
Speaker 1: has done so in the proper way, then it should

448
00:25:42,880 --> 00:25:45,840
Speaker 1: be dispensing the right number of bills. Now it also

449
00:25:45,920 --> 00:25:50,080
Speaker 1: goes by thickness, so it should be able to tell um,

450
00:25:50,280 --> 00:25:53,960
Speaker 1: if you are getting say two bills out, let's say

451
00:25:53,960 --> 00:25:57,360
Speaker 1: two twenties you want, um, then it should be able

452
00:25:57,400 --> 00:26:00,320
Speaker 1: to go, okay, there are two, because I can tell

453
00:26:00,359 --> 00:26:03,320
Speaker 1: by the thickness of these bills. Yeah, um, So yeah,

454
00:26:03,320 --> 00:26:05,720
Speaker 1: you've got You've got a couple of different types of

455
00:26:05,760 --> 00:26:08,520
Speaker 1: sensors inside the a t M. There's usually an electrical

456
00:26:08,760 --> 00:26:12,119
Speaker 1: eye sensor, some sort of optical sensor that is optically

457
00:26:12,280 --> 00:26:16,760
Speaker 1: verifying that the the denominations that are being dispensed match

458
00:26:16,840 --> 00:26:19,880
Speaker 1: what you asked for. We have a little bit more

459
00:26:19,920 --> 00:26:21,879
Speaker 1: to talk about as far as a t M s go,

460
00:26:22,000 --> 00:26:24,200
Speaker 1: but before we get there, let's take another quick break

461
00:26:24,320 --> 00:26:34,080
Speaker 1: to thank our sponsor. If it's supposed to be doing

462
00:26:34,080 --> 00:26:36,720
Speaker 1: it one bill at a time, and the thickness sensor says,

463
00:26:36,760 --> 00:26:38,520
Speaker 1: wait a minute, that's too thick for it to be

464
00:26:38,600 --> 00:26:42,840
Speaker 1: one bill, it will send that particular bill, or a

465
00:26:42,880 --> 00:26:45,199
Speaker 1: pair of bills, or whatever it happens to be to

466
00:26:45,400 --> 00:26:49,119
Speaker 1: a reject been inside the A t M. So the

467
00:26:49,200 --> 00:26:52,200
Speaker 1: A t M has has a bend that collects rejects,

468
00:26:52,200 --> 00:26:55,639
Speaker 1: and this can also be bills that are worn or torn.

469
00:26:56,280 --> 00:26:58,480
Speaker 1: If if it detects that, that's going to send it

470
00:26:58,520 --> 00:27:01,879
Speaker 1: to the reject ben. Uh. And so the ben is

471
00:27:01,920 --> 00:27:06,040
Speaker 1: just gonna keep collecting bills that get rejected through this process.

472
00:27:06,119 --> 00:27:10,439
Speaker 1: And it's all taking just a few seconds. So you know,

473
00:27:10,520 --> 00:27:14,080
Speaker 1: you might be waiting a little bit but thinking like whatever, well,

474
00:27:14,119 --> 00:27:15,840
Speaker 1: I mean, while the machine is making sure that it's

475
00:27:15,840 --> 00:27:20,119
Speaker 1: dispensing the right number and denomination of bills to you. Um.

476
00:27:20,160 --> 00:27:23,600
Speaker 1: There's also an electronic journal that's part of an a

477
00:27:23,680 --> 00:27:27,840
Speaker 1: t M, so that it's recording every transaction that's happening

478
00:27:28,000 --> 00:27:31,320
Speaker 1: with that machine, and it also records whenever any bill

479
00:27:31,359 --> 00:27:34,680
Speaker 1: gets sent to the reject been. And that way, when

480
00:27:34,920 --> 00:27:37,639
Speaker 1: someone comes into service the machine, either to refill it

481
00:27:37,760 --> 00:27:39,760
Speaker 1: or to fix it or whatever, they can take a

482
00:27:39,800 --> 00:27:43,119
Speaker 1: look at the journal and see, uh, you know, how

483
00:27:43,400 --> 00:27:47,040
Speaker 1: frequently are is the reject been getting a bill sent

484
00:27:47,119 --> 00:27:49,240
Speaker 1: to it. If it's happening a lot, that might mean

485
00:27:49,280 --> 00:27:53,119
Speaker 1: that either the sensors need to be adjusted or that

486
00:27:53,240 --> 00:27:56,080
Speaker 1: the feeding mechanism needs to be adjusted so that it's

487
00:27:56,119 --> 00:27:58,520
Speaker 1: no longer pulling more than one bill at a time,

488
00:27:59,600 --> 00:28:02,560
Speaker 1: or in might mean that the actual bills that are

489
00:28:02,560 --> 00:28:07,320
Speaker 1: being put into the machine are of two. They're not

490
00:28:07,480 --> 00:28:10,960
Speaker 1: they're not fresh enough that you know that something needs

491
00:28:10,960 --> 00:28:13,600
Speaker 1: to change. This one's a little stale, yeah, exactly, because

492
00:28:14,040 --> 00:28:16,800
Speaker 1: too many of them are going into the reject ben

493
00:28:17,440 --> 00:28:20,040
Speaker 1: So so it's got built built in error correction if

494
00:28:20,040 --> 00:28:22,879
Speaker 1: you will. Yeah, it's and and some of that again

495
00:28:23,119 --> 00:28:25,840
Speaker 1: is mechanical, and some of it's just saying, hey, stop

496
00:28:26,000 --> 00:28:29,800
Speaker 1: putting crappy money in me because I can't give it

497
00:28:29,840 --> 00:28:32,879
Speaker 1: to anyone. And the bank's like, but we don't want

498
00:28:32,920 --> 00:28:36,760
Speaker 1: to give money to anyone, And then they twirl their

499
00:28:36,840 --> 00:28:41,080
Speaker 1: mustaches and leap into a giant vault full of gold coins, which,

500
00:28:41,120 --> 00:28:44,400
Speaker 1: by the way, hurts. I don't know how Scrooge McDuck

501
00:28:44,440 --> 00:28:46,720
Speaker 1: did it, No man, I I scratched that one off

502
00:28:46,720 --> 00:28:49,200
Speaker 1: my bucket list, and then I also broke an arm,

503
00:28:49,360 --> 00:28:54,320
Speaker 1: so not. I do not recommend it. However, if you

504
00:28:54,360 --> 00:29:02,200
Speaker 1: invest tuppence um so yeah, that birds um so Yeah.

505
00:29:02,200 --> 00:29:05,680
Speaker 1: I mean it is basically um a computer with a

506
00:29:05,720 --> 00:29:11,360
Speaker 1: couple's special sophisticated um ways to handle error correction. Oh

507
00:29:11,400 --> 00:29:13,800
Speaker 1: and I also wanted to mention that the journal. The

508
00:29:13,840 --> 00:29:16,600
Speaker 1: journal sort of serves two purposes. One, it helps keep

509
00:29:16,600 --> 00:29:18,360
Speaker 1: track of what's going on with the machine, so that

510
00:29:18,400 --> 00:29:20,880
Speaker 1: can you you could see the machines working correctly. Also

511
00:29:20,960 --> 00:29:25,160
Speaker 1: provides an accounting uh in case there's ever any dispute

512
00:29:25,200 --> 00:29:28,000
Speaker 1: about what the machine was dispensing or whether there was

513
00:29:28,040 --> 00:29:31,480
Speaker 1: a question about um, how the machine was used out

514
00:29:31,520 --> 00:29:34,240
Speaker 1: of course, now, UM A t M s also usually

515
00:29:34,280 --> 00:29:38,680
Speaker 1: have some kind of security camera UM nearby, just to

516
00:29:38,760 --> 00:29:41,720
Speaker 1: watch that people are who they say they are. Yeah,

517
00:29:41,760 --> 00:29:44,080
Speaker 1: so you can match up the the time on the

518
00:29:44,120 --> 00:29:46,680
Speaker 1: security camera with the time that was listed in the

519
00:29:46,760 --> 00:29:51,120
Speaker 1: journal and go back and review footage. Uh if someone

520
00:29:51,200 --> 00:29:53,040
Speaker 1: has if any of you out there have ever had

521
00:29:53,080 --> 00:29:57,480
Speaker 1: your card number and and pen stolen so that someone

522
00:29:57,560 --> 00:30:00,440
Speaker 1: else has accessed your account through an a t UM

523
00:30:00,480 --> 00:30:02,840
Speaker 1: you realize, of course this would be a really important feature.

524
00:30:03,400 --> 00:30:06,120
Speaker 1: I'm one of those people, by the way. Yeah, well

525
00:30:06,120 --> 00:30:08,880
Speaker 1: that's actually that was but my bank was very good

526
00:30:08,880 --> 00:30:11,920
Speaker 1: at letting me know, and it was very proactive in

527
00:30:12,040 --> 00:30:16,440
Speaker 1: making sure that that got fixed. So yeah, yeah, now

528
00:30:16,480 --> 00:30:21,080
Speaker 1: that's that's true. These uh, these machines are sophisticated and

529
00:30:21,080 --> 00:30:25,040
Speaker 1: and specialized, but they're also uh in some ways not

530
00:30:25,280 --> 00:30:28,479
Speaker 1: so sophisticated that they can't be fooled or not not

531
00:30:28,520 --> 00:30:31,440
Speaker 1: necessarily fooled, but UM also that other people can come

532
00:30:31,440 --> 00:30:35,280
Speaker 1: along and take information by using devices such as skimmers,

533
00:30:35,280 --> 00:30:38,440
Speaker 1: which can be put over the card reader UM and

534
00:30:38,480 --> 00:30:42,520
Speaker 1: basically it is usually a very slim uh compact device

535
00:30:42,960 --> 00:30:46,880
Speaker 1: that can read the magnetic strip on there on the card.

536
00:30:46,960 --> 00:30:49,640
Speaker 1: So basically what happens is if if a scammer has

537
00:30:49,640 --> 00:30:52,560
Speaker 1: installed a skimmer on an A t M, when you

538
00:30:52,600 --> 00:30:55,320
Speaker 1: put your card through it, both the skimmer and the

539
00:30:55,320 --> 00:30:58,040
Speaker 1: A t M are reading the card number. Now the

540
00:30:58,080 --> 00:31:01,720
Speaker 1: pin block them. In the United States, federal regulations require

541
00:31:01,760 --> 00:31:04,240
Speaker 1: that the pin block, which is the four digit pin

542
00:31:05,040 --> 00:31:09,880
Speaker 1: uh information UM, must be encrypted when it's sent along.

543
00:31:10,040 --> 00:31:14,720
Speaker 1: So UH to some degree, you would be protected if

544
00:31:14,800 --> 00:31:17,280
Speaker 1: just your number was going through the skimmer, because you

545
00:31:17,320 --> 00:31:21,640
Speaker 1: would need the pin block encrypted, you know, and it's

546
00:31:21,720 --> 00:31:25,320
Speaker 1: encrypted on the card, so it can't the machine has

547
00:31:25,360 --> 00:31:27,760
Speaker 1: to decipher that. The skimmer can't do that. So what

548
00:31:28,120 --> 00:31:31,080
Speaker 1: the scammers do. They will they will install a very

549
00:31:31,080 --> 00:31:34,320
Speaker 1: tiny camera. You know, cameras are teeny tiny these days.

550
00:31:34,400 --> 00:31:36,120
Speaker 1: You know, we've got them in our smartphones and other

551
00:31:36,160 --> 00:31:39,040
Speaker 1: types of phones. UM they're sitting on top of our

552
00:31:39,120 --> 00:31:42,760
Speaker 1: laptops and and and computers because they're so small. UM.

553
00:31:42,880 --> 00:31:47,120
Speaker 1: People can in small, in small, install a small camera

554
00:31:47,280 --> 00:31:51,520
Speaker 1: right above the area where the you type in your number,

555
00:31:51,960 --> 00:31:55,720
Speaker 1: and then they'll they'll record your keypad punches. And then

556
00:31:55,840 --> 00:31:58,520
Speaker 1: what they'll do is they'll match the keypad punch to

557
00:31:58,680 --> 00:32:01,760
Speaker 1: the information that they've ski MMed off your card and

558
00:32:01,800 --> 00:32:05,480
Speaker 1: then they've got essentially your card number and your pen

559
00:32:06,040 --> 00:32:09,000
Speaker 1: all in one place and can then access money from

560
00:32:09,080 --> 00:32:12,400
Speaker 1: your account at any a t M. And a lot

561
00:32:12,400 --> 00:32:14,720
Speaker 1: of cases too, they don't try to take as much

562
00:32:14,760 --> 00:32:16,960
Speaker 1: as they can get. A lot of cases, UM, banks

563
00:32:16,960 --> 00:32:18,840
Speaker 1: that I know of here in the United States will

564
00:32:18,840 --> 00:32:20,880
Speaker 1: give you a maximum amount of day, usually something like

565
00:32:20,920 --> 00:32:24,960
Speaker 1: three per day. UM. A lot of times these scammers

566
00:32:25,000 --> 00:32:28,160
Speaker 1: won't do that. They'll take out twenty dollars and the

567
00:32:29,000 --> 00:32:31,720
Speaker 1: idea being that be harder to detect. Yeah, well I

568
00:32:31,800 --> 00:32:33,480
Speaker 1: must have. I must have taken out I don't remember

569
00:32:33,520 --> 00:32:35,160
Speaker 1: what I what that was, But it wasn't that much.

570
00:32:35,200 --> 00:32:38,240
Speaker 1: It wasn't like somebody was scamming me. Although if you do,

571
00:32:38,560 --> 00:32:40,640
Speaker 1: if you're which this, by the way, is why it's

572
00:32:40,680 --> 00:32:43,880
Speaker 1: important for you to review your your bank statements on

573
00:32:43,920 --> 00:32:47,240
Speaker 1: a regular basis, uh, because you may notice that you're

574
00:32:47,320 --> 00:32:50,440
Speaker 1: withdrawing money from places that you are not physically at,

575
00:32:51,360 --> 00:32:55,040
Speaker 1: like Los Angeles or something when you're not in l A.

576
00:32:55,120 --> 00:32:56,400
Speaker 1: If you're in l A and you see that you

577
00:32:56,400 --> 00:32:58,440
Speaker 1: were drawn from l A, you may very well have

578
00:32:58,520 --> 00:33:00,600
Speaker 1: been the person who have done that. I don't mean

579
00:33:00,640 --> 00:33:03,280
Speaker 1: to say that any withdrawal from l A is obviously fraudulent,

580
00:33:04,160 --> 00:33:08,959
Speaker 1: right people who people everything's on it? Does this mean

581
00:33:09,000 --> 00:33:10,800
Speaker 1: I have to drive to San Jose if I want

582
00:33:10,800 --> 00:33:13,920
Speaker 1: to withdraw money, Yes, that is what I meant. Um.

583
00:33:14,000 --> 00:33:17,400
Speaker 1: There are some some people working on newer types of

584
00:33:18,600 --> 00:33:22,480
Speaker 1: verification technology. I saw one they're trying out in Poland,

585
00:33:22,560 --> 00:33:25,360
Speaker 1: which is using biometrics. They do a scan of your

586
00:33:25,360 --> 00:33:27,640
Speaker 1: finger and they don't use your fingerprint. They're looking at

587
00:33:27,680 --> 00:33:31,240
Speaker 1: the veins in your finger which is pretty smart because

588
00:33:31,280 --> 00:33:34,720
Speaker 1: again fingerprints, you can lift a fingerprint and you can

589
00:33:34,720 --> 00:33:40,720
Speaker 1: fake fingerprint readers. It. The more sophisticated the detection device,

590
00:33:40,800 --> 00:33:43,040
Speaker 1: the less likely someone's going to go through all the

591
00:33:43,080 --> 00:33:46,760
Speaker 1: trouble to um to fool it, because it is a

592
00:33:46,800 --> 00:33:48,600
Speaker 1: lot of I mean, it takes a lot of investment

593
00:33:48,680 --> 00:33:50,880
Speaker 1: just to get the stuff too to be able to

594
00:33:50,880 --> 00:33:54,400
Speaker 1: fool these devices. But yeah, if you wanna, fingerprint is

595
00:33:54,440 --> 00:33:57,640
Speaker 1: not full proof because you could lift a print off

596
00:33:57,680 --> 00:34:01,640
Speaker 1: of something and then create a late x print. Uh,

597
00:34:01,960 --> 00:34:06,520
Speaker 1: and fool some machines using that. We've seen that happen before. Um.

598
00:34:06,560 --> 00:34:10,000
Speaker 1: There's also I know you mentioned the cameras, but we

599
00:34:10,000 --> 00:34:13,759
Speaker 1: should also mention some uh. Some skimmers will also use

600
00:34:13,760 --> 00:34:19,480
Speaker 1: a fake keypadah, which is essentially a key logger that's

601
00:34:19,520 --> 00:34:23,719
Speaker 1: logging up pen entries. So if you ever walk up

602
00:34:23,719 --> 00:34:26,000
Speaker 1: to an a t M and it looks like parts

603
00:34:26,239 --> 00:34:29,680
Speaker 1: of the machine don't match up exactly like the it's

604
00:34:29,760 --> 00:34:32,920
Speaker 1: just a different coloration or made out of a different material,

605
00:34:33,160 --> 00:34:36,240
Speaker 1: and it just looks a little odd, that's a warning sign.

606
00:34:36,600 --> 00:34:40,040
Speaker 1: Doesn't necessarily mean that a skimmer has hit that machine.

607
00:34:40,080 --> 00:34:42,680
Speaker 1: It may just be that that particular machine was manufactured

608
00:34:42,680 --> 00:34:46,200
Speaker 1: in an odd way. But anything that looks a little

609
00:34:46,200 --> 00:34:48,440
Speaker 1: out of place should be a big red flag to you.

610
00:34:48,880 --> 00:34:51,120
Speaker 1: And uh. And I would highly recommend that if you

611
00:34:51,120 --> 00:34:52,960
Speaker 1: do notice something when you walk up to an a

612
00:34:53,040 --> 00:34:56,960
Speaker 1: t M, uh that's like that that you find a

613
00:34:57,120 --> 00:35:00,560
Speaker 1: different one, don't use that one. Yeah, And and keep

614
00:35:00,560 --> 00:35:03,360
Speaker 1: in mind where it is to the more isolated A

615
00:35:03,480 --> 00:35:05,880
Speaker 1: t M s are more likely to be the ones

616
00:35:06,280 --> 00:35:09,680
Speaker 1: that UH scammers are going to target because they will

617
00:35:09,719 --> 00:35:13,120
Speaker 1: be easier to modify. UM, because this stuff takes a

618
00:35:13,120 --> 00:35:15,359
Speaker 1: little bit of time and effort, and if you're doing

619
00:35:15,360 --> 00:35:18,040
Speaker 1: it in a high traffic area, someone's gonna notice. Yeah. Like,

620
00:35:18,120 --> 00:35:20,239
Speaker 1: for example, the the A t M s that you

621
00:35:20,320 --> 00:35:24,120
Speaker 1: might see in a popular gas station, UM are a

622
00:35:24,120 --> 00:35:27,560
Speaker 1: whole lot likely, a whole lot more likely to be okay,

623
00:35:27,680 --> 00:35:30,600
Speaker 1: because if a cashier is standing right across from it

624
00:35:30,680 --> 00:35:34,000
Speaker 1: all day long, it's unlikely that a scammer is going

625
00:35:34,040 --> 00:35:40,040
Speaker 1: to have the time to install those devices without getting

626
00:35:40,080 --> 00:35:42,520
Speaker 1: caught doing hey what are you doing, or something like

627
00:35:42,560 --> 00:35:45,839
Speaker 1: a busy airport where there's a lot of security already there.

628
00:35:45,880 --> 00:35:47,520
Speaker 1: I mean, it's just it's such a it would be

629
00:35:47,520 --> 00:35:50,000
Speaker 1: such a high risk endeavor that it would you know,

630
00:35:50,200 --> 00:35:53,040
Speaker 1: you look at risk versus reward from a thief standpoint,

631
00:35:53,400 --> 00:35:55,759
Speaker 1: to be less likely to be hit. That's not saying

632
00:35:55,760 --> 00:35:59,200
Speaker 1: that some enterprising thief hasn't tried it, no, no, but

633
00:35:59,200 --> 00:36:01,600
Speaker 1: but it's less likely. Yeah. Well, in fact, we've had

634
00:36:01,600 --> 00:36:04,600
Speaker 1: a we had a rash here in the Atlanta area

635
00:36:04,719 --> 00:36:08,960
Speaker 1: not terribly long ago where people were knocking over a

636
00:36:09,040 --> 00:36:11,160
Speaker 1: t M S with their cars and just taking the

637
00:36:11,200 --> 00:36:15,880
Speaker 1: a forklifts or bulldozers. Yeah, yeah, because it's easier to

638
00:36:15,920 --> 00:36:19,040
Speaker 1: add to crow bar your way into one than bother

639
00:36:19,200 --> 00:36:22,080
Speaker 1: trying to Because we didn't mention the part of the

640
00:36:22,120 --> 00:36:24,480
Speaker 1: a t M is it's a safe. Yeah, you know

641
00:36:24,560 --> 00:36:27,040
Speaker 1: it's there's a safe that's inside these machines. That's where

642
00:36:27,040 --> 00:36:28,560
Speaker 1: all the money is kept in a vault, in a

643
00:36:28,680 --> 00:36:31,239
Speaker 1: safe in the machine. So if you were to take

644
00:36:31,280 --> 00:36:35,280
Speaker 1: the whole machine, you're taking the vault. Now before before

645
00:36:35,280 --> 00:36:37,719
Speaker 1: any of you say, hey, I'm going to go on

646
00:36:37,840 --> 00:36:39,719
Speaker 1: a life of crime and start knocking over a t

647
00:36:39,840 --> 00:36:42,919
Speaker 1: M machines a t M S. I knew. I told

648
00:36:42,920 --> 00:36:44,360
Speaker 1: you at the beginning of the show that it was

649
00:36:44,400 --> 00:36:46,600
Speaker 1: going to happen. I caught myself that I told you

650
00:36:46,640 --> 00:36:49,480
Speaker 1: it was gonna happen. Um A lot of these have

651
00:36:50,400 --> 00:36:54,160
Speaker 1: things inside the vault that if if stuff goes wrong,

652
00:36:54,840 --> 00:36:58,680
Speaker 1: it will ruin the money inside there. Essentially a little

653
00:36:58,760 --> 00:37:03,280
Speaker 1: little explosive charges. Usually some of them have um explosive

654
00:37:03,360 --> 00:37:07,160
Speaker 1: charges full of gas, so that if if a thief

655
00:37:07,239 --> 00:37:10,319
Speaker 1: is trying to use a gas explosion to uh to

656
00:37:10,480 --> 00:37:14,600
Speaker 1: open the vault, that it actually has gas that counteracts

657
00:37:15,360 --> 00:37:19,480
Speaker 1: the explosive gas, rendering in inert so and that in

658
00:37:19,520 --> 00:37:21,839
Speaker 1: that case, it's not necessarily destroying the money inside, it's

659
00:37:21,840 --> 00:37:25,000
Speaker 1: just trying to destroy the the methodology that the thief

660
00:37:25,080 --> 00:37:27,839
Speaker 1: is using to get the vault open. So yeah, there's

661
00:37:27,840 --> 00:37:32,080
Speaker 1: some other tech involved here that's kind of interesting. Um.

662
00:37:32,120 --> 00:37:35,880
Speaker 1: Now I use a t M S. I mean I

663
00:37:35,200 --> 00:37:37,520
Speaker 1: I try to be careful about and I try to

664
00:37:37,640 --> 00:37:39,960
Speaker 1: keep a good eye on making sure that whatever device

665
00:37:39,960 --> 00:37:43,280
Speaker 1: I'm using looks you know, totally legit and everything. Uh

666
00:37:43,600 --> 00:37:46,440
Speaker 1: it's it's ays. So I'm not saying that a t

667
00:37:46,600 --> 00:37:48,680
Speaker 1: M s are so dangerous that no one should use them,

668
00:37:48,719 --> 00:37:52,920
Speaker 1: but it does bear repeating that you should be vigilant

669
00:37:52,960 --> 00:37:54,799
Speaker 1: and pay attention when you come up to an a

670
00:37:54,800 --> 00:37:57,640
Speaker 1: t M Don't just you know, walk up and ignore

671
00:37:57,680 --> 00:38:02,640
Speaker 1: all uh all safety especially you know, not just the

672
00:38:02,680 --> 00:38:05,080
Speaker 1: machine itself, but you know, it's always good to take

673
00:38:05,080 --> 00:38:06,840
Speaker 1: a quick look around you to make sure you're not

674
00:38:06,880 --> 00:38:12,040
Speaker 1: gonna be mugged. I've never been mugged. I don't want

675
00:38:12,040 --> 00:38:15,440
Speaker 1: it to happen. I'm gonna try and keep that street going.

676
00:38:16,239 --> 00:38:18,400
Speaker 1: But yeah, that's that's one of those things is that,

677
00:38:18,480 --> 00:38:22,160
Speaker 1: you know, banks often would tell customers to you know,

678
00:38:22,280 --> 00:38:25,880
Speaker 1: certain follow certain safety guidelines and be alert when you're

679
00:38:25,960 --> 00:38:27,880
Speaker 1: using those machines, and you know, make sure you have

680
00:38:27,920 --> 00:38:30,600
Speaker 1: your card ready before you go up to one and

681
00:38:30,719 --> 00:38:34,839
Speaker 1: uh and and uh, you know, don't don't linger. Don't

682
00:38:34,880 --> 00:38:38,080
Speaker 1: count your money as your until the dealing is done,

683
00:38:38,080 --> 00:38:40,880
Speaker 1: I guess, But don't count your money right there at

684
00:38:40,880 --> 00:38:43,560
Speaker 1: the machine. You know, don't give thieves the opportunity to

685
00:38:43,680 --> 00:38:47,359
Speaker 1: pounce on you. Uh in that in those cases now,

686
00:38:47,440 --> 00:38:49,400
Speaker 1: of course, if you're in a nice, busy street and

687
00:38:49,920 --> 00:38:51,839
Speaker 1: there's a lot of people around, you're probably in better

688
00:38:51,880 --> 00:38:53,880
Speaker 1: shape than uh. You know, I'm talking about in the

689
00:38:53,880 --> 00:38:56,719
Speaker 1: middle of the night, after you've gone clubbing all night

690
00:38:56,719 --> 00:38:58,640
Speaker 1: long and you need that cash because you're about to

691
00:38:58,640 --> 00:39:05,080
Speaker 1: go to that all night pancake house that only accepts cash.

692
00:39:05,160 --> 00:39:08,359
Speaker 1: Just bear in mind your surroundings in the situation and

693
00:39:08,440 --> 00:39:11,560
Speaker 1: be careful. Yes, Also, it never hurts to try to

694
00:39:11,719 --> 00:39:15,160
Speaker 1: cover your hand when you're typing in your pin because

695
00:39:15,640 --> 00:39:17,960
Speaker 1: even if you don't see the little camera, it is

696
00:39:18,000 --> 00:39:20,879
Speaker 1: possible that it may be one somewhere around. But it's

697
00:39:20,920 --> 00:39:23,480
Speaker 1: just a good habit to get into. Oh, it makes

698
00:39:23,480 --> 00:39:25,680
Speaker 1: it really hard to type in your pin correctly. I've

699
00:39:25,719 --> 00:39:30,120
Speaker 1: found plus you just gotta use one like I do.

700
00:39:30,360 --> 00:39:33,040
Speaker 1: Zero zero zero zero. It just goes right through one, two,

701
00:39:33,160 --> 00:39:37,000
Speaker 1: three four using my luggage. UM. Yeah, the there there

702
00:39:37,080 --> 00:39:41,200
Speaker 1: is one exception. I mean, with all the the thousands

703
00:39:41,239 --> 00:39:44,480
Speaker 1: of these machines that are there are everywhere in the world, um,

704
00:39:45,200 --> 00:39:49,160
Speaker 1: and it is likely that the more remote machines are

705
00:39:49,160 --> 00:39:51,440
Speaker 1: the ones that would be targeted by scammers. However, if

706
00:39:51,480 --> 00:39:55,880
Speaker 1: you find yourself at the McMurdo station in Antarctica and

707
00:39:56,000 --> 00:39:59,640
Speaker 1: use the a t M there, it's probably not been hacked,

708
00:40:00,120 --> 00:40:05,560
Speaker 1: but it only dispenses frozen herring. And that wraps up

709
00:40:05,640 --> 00:40:07,960
Speaker 1: that classic episode of tech Stuff. I hope you guys

710
00:40:08,040 --> 00:40:12,480
Speaker 1: weren't suffering from withdrawal get it because of a t

711
00:40:12,719 --> 00:40:16,880
Speaker 1: M S. I'm sorry anyway, I hope you enjoyed it.

712
00:40:17,160 --> 00:40:19,960
Speaker 1: We will be talking about all new technology in the

713
00:40:19,960 --> 00:40:22,799
Speaker 1: next episodes, so make sure you stay tuned for that,

714
00:40:23,120 --> 00:40:25,960
Speaker 1: and if you have suggestions for future episodes, we'll just

715
00:40:26,080 --> 00:40:27,879
Speaker 1: get in touch with me let me know what you think.

716
00:40:28,000 --> 00:40:30,960
Speaker 1: You can visit our website. It's at tech stuff podcast

717
00:40:31,040 --> 00:40:32,759
Speaker 1: dot com and that has all the different ways to

718
00:40:32,760 --> 00:40:34,920
Speaker 1: get in touch with us. Don't forget to visit our

719
00:40:34,960 --> 00:40:38,440
Speaker 1: merchandise store over at t public dot com slash tech stuff.

720
00:40:38,440 --> 00:40:40,160
Speaker 1: Every purchase you make goes to help the show, and

721
00:40:40,160 --> 00:40:42,080
Speaker 1: we've got lots of cool designs over there, So go

722
00:40:42,200 --> 00:40:44,960
Speaker 1: check that out and I'll talk to you again really

723
00:40:45,000 --> 00:40:52,920
Speaker 1: soon for more on this and thousands of other topics,

724
00:40:53,000 --> 00:41:01,680
Speaker 1: because it how stuff works dot com eight