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Bank Systems & Technology January 21, 2009 Orla O'Sullivan |
News from Wincor World: Fake Smoke Detectors the Newest in ATM Fraud Fake smoke detectors and compromised lobby doors are among the newly favored ways criminals steal cardholders' information from ATMs. |
Bank Systems & Technology April 1, 2005 Phil Britt |
Circle the Wagons The most recent high-tech effort to curb ATM theft has been the implementation of the Triple DES data encryption standard, which uses three separate 56-bit keys to encrypt and decrypt messages. |
Bank Technology News October 2002 Mark Bruno |
UK Banks Eye Smart Cards Abbey National dabbled with the idea of multi-function smart cards, but found security to be the bank's real sweet spot. |
Bank Systems & Technology June 24, 2010 Penny Crosman |
Australian Bank to Use Bank of New Zealand's Anti-Card-Skimming Technology "Liquid encryption numbers" rewrites the information stored in a magnetic stripe every time the customer uses a bank ATM. |
Bank Systems & Technology November 12, 2009 Maria Bruno-Britz |
Hackers Exploit Prepaid Payroll Cards Cyber criminals accused of breaking into RBS WorldPay's systems and exploiting payroll cards may indicate a new trend. |
Bank Systems & Technology June 11, 2010 Matt Gunn |
World Cup Brings Increased Risk of Fraud With thousands of fans traveling to South Africa for the 2010 FIFA World Cup, which goes today through July 11, comes potential for increased risk in credit card fraud. |
Bank Systems & Technology August 27, 2009 Maria Bruno-Britz |
Evolving Fraud Schemes Keep Pressure on Evolving Payments Instruments While some of the latest schemes borrow from scams past, today's fraud schemes are as sophisticated as banks' most advanced payments systems. And stopping them is still a challenge. |
Bank Technology News February 2011 John Adams |
Wells Makes Tracks For The Future ATM Cash Tracker is a new PFM-style product at Wells that allows users to set budgets and track monthly ATM usage on screen. |
U.S. Banker November 2007 Lee Conrad |
Fraud Protection: GPS Technology Mulled To Combat Fraud at ATMs Various ATM security initiatives in preliminary stages are using global-positioning technology to fight fraud. |
Bank Technology News November 2008 Rebecca Sausner |
New Methods to Bust Transaction-Level Fraud A 40 percent increase in the amount of ATM and debit fraud detected could probably pay for the technology investment behind it pretty quickly, given that debit fraud in the U.S. is a $1 billion -- and growing -- problem, with few solutions. |
BusinessWeek December 12, 2005 Chester Dawson |
Prepaid Cards: Candy For Criminals? Law enforcement officials say prepaid cards are ready tools for thieves, drug rings - even terrorists. |
Bank Systems & Technology August 2, 2005 Phil Britt |
Keeping Up With Fraudsters As fraud schemes become more sophisticated, banks need to examine a wider array of data to identify fraud trends. That means investing in more sophisticated technology systems, adding personnel and employing additional fraud-fighting processes. |
Bank Systems & Technology January 6, 2010 Penny Crosman |
Bug That Crippled 30 Million German Debit, Credit Cards Mostly Fixed Although millions of newer microchip-embedded cards have failed to comprehend the year 2010, many ATMs have been adjusted to fix the problem, card company says. |
Bank Technology News June 2002 Daniel A. Joelson |
Unibanco Showcases Brazil's Security Technology Drive The Brazilian banking giant is making great strides in its effort to cut criminal activity.. |
Bank Systems & Technology February 10, 2010 Penny Crosman |
ID Fraud Grew 12% in 2009, But Wells Fargo's Fraud Losses Are Down Javelin Research's latest fraud survey finds identity fraud continues to rise, but losses are down at some banks due to fraud detection technology improvements. |
U.S. Banker January 2002 John Hackett |
Squeezing Profits out of ATMs Changes in the marketplace have made it hard to make a buck with off-site ATMs, but some banks are experimenting with ways to increase revenues from their networks... |
Bank Systems & Technology February 10, 2004 Cynthia Ramsaran |
Rock, Scissors, Plastic There will be a rise in plastic payments in 2004 because of the availability of more merchants accepting credit, analysts say. |
Bank Technology News July 2008 Anthony Malakian |
Can Next Generation ATMs Lure Deposits? For banks investing in expensive image-scanning ATMs to encourage deposits, a big question is whether fraud at existing ATMs will curtail adoption. |
Bank Systems & Technology April 13, 2010 Matt Gunn |
ID Theft, Card Fraud Top Consumer Concerns, Unisys Survey Finds Banks need to go beyond "traditional" fraud prevention efforts, report authors find. |
Bank Technology News January 2002 Daniel Joelson |
Latin America Set For ATM Spike Consumer demand is making Latin banks reassess their ATM strategies... |
Popular Mechanics May 13, 2009 Seth Porges |
Automatic Theft Machines: How To Protect Yourself From ATM Skimmers The simplest skimmer set-ups involve little more than a $300 magnetic stripe reader and a hidden camera aimed at the ATM keypad. |
Bank Systems & Technology May 5, 2007 Maria Bruno-Britz |
Fraud Techniques Evolve in Parallel with Bank Products and Defenses As fraudsters' techniques evolve alongside the products and services offered by financial institutions, new steps must be introduced to stop them. |
U.S. Banker April 2011 Jeremy Quittner |
Breach Comber MasterCard's new technology identifies the likeliest victims of fraud and helps minimize unnecessary account closings. |
U.S. Banker April 2011 |
Noted & Noteworthy A recently released survey from electronic-payments firm ACI Worldwide found that nearly one-third of consumers say they were victims of credit or debit card fraud in 2010. |
Bank Systems & Technology August 24, 2006 Nancy Feig |
BITS Releases Insider Fraud Database BITS, a nonprofit consortium of 100 of the largest U.S. financial institutions, released its own insider fraud prevention service, which consists of a list of former financial institution employees who have compromised consumer information and/or knowingly caused financial losses. |
Bank Technology News October 2007 Glen Fest |
ATM Fraud: Tools Make Use of Six (Or More) Degrees Monitoring abnormal device and transaction behavior is gaining bank and retailer interest. |
Bank Technology News August 2008 Rebecca Sausner |
Same Shirt, Different Heist The security system in place for ATMs is essentially broken. There have been too many large breaches of PIN ATM/debit cards in the last two to three years to claim the existing security protocols are adequate. |
Bank Systems & Technology May 25, 2006 Maria Bruno-Britz |
Hurry Up and Wait As the deadline for the single European payments area (SEPA) draws closer, the vendor community is starting to respond to banks' SEPA needs. However, banks have not done a good job communication with their corporate clients to learn their needs in a SEPA world. |
BusinessWeek July 11, 2005 Berner & Carter |
Swiping Back At Credit-Card Fraud Bogus transactions are falling overall, but e-tailers are still feeling the pain. E-tail credit-card fraud is triple the rate of the brick-and-mortar world. |
AskMen.com April 29, 2001 Luis Rodrigues |
How To Avoid ATM Fees We've all heard about the dreaded ATM fees. Everyone talks about how bad and how ridiculously high they are, but forgets how convenient and fast they really are... |
Bank Systems & Technology February 29, 2008 Maria Bruno-Britz |
Select-A-Branch Takes New Approach to ATM Distribution A new business model offers financial institutions an alternative distribution method that puts a twist on the surcharge-free ATM network, allowing banks to expand their ATM networks without purchasing machines or worrying about their upkeep. |
Bank Systems & Technology October 1, 2009 Maria Bruno-Britz |
Fiserv Introduces Upgraded Fraud and AML Solutions Fraud Risk Manager 4.6 and AML Manager 4.6 were designed to work on a unified platform to enable an enterprise risk view. |
Entrepreneur February 2002 Amanda C. Kooser |
Card Tricks Internet retailers face a struggle when it comes to chargebacks and fraud. |
Knowledge@Wharton |
The New New ATMs: Want Fries With Your Cash? To help increase the revenues generated by their ATMs, some banks are moving to offer services beyond mere cash withdrawals. |
Bank Systems & Technology May 16, 2008 Paula Damiano |
ATMs Add New Functionalities Many banks are enhancing their ATMs with new functionalities, turning them into relationship-building tools rather than cash dispensers. |
Bank Technology News March 2004 Karen Krebsbach |
The Other Victims of ID Fraud Banks ID fraud is morphing into a throbbing migraine for financial services firms charged with twin challenges of increased responsibility to protect consumers and greater pressure to defend their own bottom line. |
BusinessWeek January 15, 2007 Elizabeth Woyke |
Someone's Been Using My Gift Card Gift cards are more popular than ever, but more tales of fraud are making the rounds. |
U.S. Banker September 2004 Karen Krebsbach |
Security: The Inside Job Your employees wouldn't rip you off, right? Think again. Their theft will cost banks $2.4 billion this year. |
InternetNews November 11, 2009 |
DoJ Busts Up Eastern European Hacking Ring Feds indict seven hackers and conspirators responsible for ripping off more than $9 million from an Atlanta-based credit card processing company. |
The Motley Fool July 21, 2005 Selena Maranjian |
The Pitfalls of Switching to Cash The bottom line is that for those with enough discipline to not charge more than they can afford to pay, it's hard to beat the convenience and other benefits of credit cards. |
Bank Systems & Technology July 27, 2007 Maria Bruno-Britz |
Deutsche Bank's Harold Young Predicts SEPA Opportunities Single Euro Payments Area, or SEPA, will open new doors to differentiation and payments standards for banks. |
Bank Technology News October 2009 Michael Sisk |
Wire Fraud's Growing Threat Just how big a problem wire fraud has become is a matter of some debate -- confusion fueled in part by banks' and businesses' reluctance to speak openly about it. |
Bank Systems & Technology February 27, 2006 Phil Britt |
All-Transaction Machines? The U.S. military recently installed on bases self-service kiosks that enable military and support personnel to use smart cards in lieu of cash for purchases at military-operated concessions. |
Bank Systems & Technology August 4, 2004 Ivan Schneider |
Storm Clouds for the ATM Channel Not only have ATMs stopped gaining converts, but they have also begun to lose customers to the debit card. |
Bank Systems & Technology July 1, 2005 Maria Bruno-Britz |
Branch In a Box As financial technology matures, banks are beginning to reevaluate the manner in which they utilize their ATMs. As a result, the ATMs of the future will provide users with a much richer banking experience than ever before. |
Bank Technology News October 2004 Holly Sraeel |
Fraud is Rising, But Victims, Banks are Fighting It Talk about fraud in banking circles and one will inevitably hit a nerve. |
Bank Systems & Technology November 20, 2009 Maria Bruno-Britz |
J.P. Morgan Stepping Up Fight Against Corporate Payments Fraud The bank issued a white paper that looks at the growing area of corporate payments fraud and suggests best practices for safeguarding accounts. |
U.S. Banker December 2010 Katie Kuehner-Hebert |
Inside Jobs Large and small banks alike are dealing with a spike in fraud, much of it by trusted employees. |
New Architect May 2002 Jesus Mena |
Active Fraud Prevention Using data mining to combat online theft... |
Bank Technology News October 2001 Louise West |
European ATM Growth Continues New regions are seeing a surge in the appearance of the machines as the market matures in most of Western Europe's largest countries... |