PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Six Things You Need To Know About ATMS and the Windows XP-ocalypse

Edward O'Brien by Edward O'Brien
April 4, 2014
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

With Cypriots joining their financial stricken counterparts in Italy and Spain, one Spanish firm has created an innovate means to improve the age old habit of placing cash under the mattress. My Mattress Savings Bank, created by Paco Santos, builds traditional mattress with one key addition, a full functioning safe hidden within the bed springs.

As animosity for local banks continues to grow across Spain, consumers avoiding banks is increasingly popular. Last week alone, 350,000 small investors who each bought €6000 ($7693) in the rescued Bankia bank (Spain’s fourth largest bank) saw its share value fall close to zero, wiping out all savings by the investors. This type of development gave the inspiration to the My Mattress Savings Bank advertisement tag line, “keep your money close – and far from the banks.”

Though you might be debating the comfort factor of a safe in your bed, Santos ensures that customers sleep as comfortably as with a normal bed because the safe is tucked away at the end of the bed. While Santos will not release the number of safe-equipped mattresses he has sold, he admits that the first 20 sold out within 24 hours and that more purchase inquiries have come from as far as Chile and Mexico.

Although the My Mattress Savings Bank can’t compete with traditional banks on additional financial services and products, for a fast growing group fed up with failing financial institutions, the safe equipped mattress provides a 21st century update to the old habit of stashing cash under the bed in hard times.

Click here to read more from The Guardian.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    direct deposit

    Nacha Launches Campaign to Reach Millennials on the Benefits of Direct Deposit

    February 1, 2023
    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023
    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023
    faster payments

    Faster Payments Are Set to Revolutionize Modern Digital Payments

    January 26, 2023
    How AI can Help Manage Payments Risk in 2023

    How AI can Help Manage Payments Risk in 2023

    January 25, 2023
    cross-border payments

    How to Implement Effective and Innovative Cross-Border Payment Strategies

    January 24, 2023
    credit card experiences, digital payments, b2b payments

    Will Consumer-to-Business Payment Trends Drive B2B Global Growth in 2023?

    January 23, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the U.S. Bank report - Real-time payments