PYMNTS

SEPTEMBER 17, 2020

In separate news, the overall count of bitcoin automated teller machines (ATMs) approached 10,000 at the beginning of September, aksjebloggen.com reported. There were 9,680 bitcoin ATMs as of the start of the month, marking a 167 percent year-on-year rise.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

PYMNTS

JUNE 30, 2017

FIS, the financial services technology, and Cardtronics, the ATM owner/operator, announced Thursday (June 29) plans to integrate FIS Cardless Cash access across Cardtronics’ ATM fleet in the United States. With the technology, consumers can access their funds and authorize how much to withdraw without needing a physical card.

ATM 117

ATM Technology United States Security 117

PYMNTS

FEBRUARY 3, 2020

Debit card fraud can have far-reaching consequences that extend beyond those of credit card fraud, as debit technologies link directly to customers’ bank accounts. They must also ensure that their security measures can keep up with cybercriminals capable of snagging cardholders’ details in milliseconds.

Fraud 131

Fraud Cards Tools ATM 131

PYMNTS

JANUARY 19, 2021

Fraudsters have unfortunately also carefully followed this payment trend, with skimming, prepaid card and ATM fraud all seeing upticks recently — especially in regard to debit transactions. Another study indicated that debit-related fraud is on the rise across the U.S. Around The Next-Gen Debit World. The report noted that U.S.

Fraud 155

Fraud Tools Mobile North Carolina 155

NCR

APRIL 26, 2017

Developments in technology and business practices have helped banks to protect their ATMs more effectively than ever before. The ATM Industry Association’s (ATMIA) 2016 annual fraud survey found that the proportion of respondents revealing a general increase in ATM crime dropped to 42 percent , from 51 percent in 2015.

ATM 81

ATM Security Fraud Cards 81

PYMNTS

AUGUST 26, 2019

The phenomenon of payments fraud is not a modern one — far from it. But as RL Prasad, SVP of payment system risk at Visa , told Karen Webster in a recent conversation, what is new today is the who and the how of fraud, particularly in a digital world. Enumeration attacks, he noted are a good example of this.

Tools 207

Tools Fraud ATM Cards 207

PYMNTS

MAY 29, 2020

“Banking is rapidly becoming more omnichannel, and FIs need to be sure they can safeguard customers across all the products through which they access their financial services,” according to the May 2020 FI Fraud Decisioning Playbook , produced by PYMNTS and sponsored by Simility. In With the New.

Fraud 133

Fraud Tools ATM Analysis 133

PYMNTS

JULY 3, 2020

Banks’ security efforts depend on analyzing consumers’ transaction histories to gain firm understandings of their normal behaviors, enabling financial institutions (FIs) to spot unusual activities that could suggest fraudsters are involved. Defending Agains Fraud During Periods Of Reopening .

Fraud 180

Fraud Cards Tools Florida 180

PYMNTS

OCTOBER 20, 2017

ATMs have been around for decades, along with the challenges they pose for financial institutions – including security of a machine that can hold hundreds of thousands of dollars; the financial burden of operating a fleet of such complex machinery; and management of the suppliers, solutions and technologies that go into making an ATM tick.

ATM 101

ATM Operations Customer Experience Security 101

PYMNTS

JULY 31, 2019

In an effort to make Singapore’s three million monthly cash withdrawals more digital, OCBC Bank has rolled out QR codes that customers can use at any of its 655 ATMs, the company said in a press release on Wednesday (July 31). Additionally, a physical ATM card can be skimmed while a mobile device cannot, the company said. “As

ATM 108

ATM Mobile blockchain Fraud 108

PYMNTS

JANUARY 21, 2020

Advances in fraud decisioning have cybercrooks scrambling into the new arcana of synthetic identities and fiendish mass bot attacks, looking for any possible opening to exploit. Some industries are more prone than others, as we discovered in the latest Fraud Decisioning Playbook , a PYMNTS and Simility collaboration.

Fraud 131

Fraud social media ATM Industry 131

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. Debit And The Fraud Catch . A PYMNTS study on U.S.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

NOVEMBER 8, 2017

Since smartphones haven’t learned how to print paper money, people still must turn to ATMs for that. In fact, the number of ATMs in the U.S. On top of that, they want better security and ease of use, including new technologies like biometric authentication and more granular functions like specifying bill denominations.

ATM 126

ATM Strategy Mobile Millennials 126

PYMNTS

JUNE 13, 2017

Diebold Nixdorf , the connected commerce technology company and Samsung SDS America announced they are teaming up to show how integrating advanced mobile technology — such as facial recognition — and the self-service channel can result in enhanced security and an improved consumer experience.

Samsung 119

Samsung ATM Austin Security 119

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release. “In

ATM 100

ATM National New York City New York 100

ATM Marketplace

NOVEMBER 21, 2017

SINGAPORE--(BUSINESS WIRE)--TMD Security announced today the release of its Security Management Software portfolio that includes Security Kit Monitoring, Profile Management, Access Management and ATM Fraud Detection.

ATM 48

ATM Security Software Management 48

PYMNTS

JANUARY 22, 2020

Globally, more than 75 percent of all cards are now enabled with EMV chip technology. In development for over a decade, SmartMetric began designing products with biometric technology. The company determined that its sophisticated chip engineering, embedded within cards, would best combat fraud and stolen data.

Cards 131

Cards Fraud Payments ATM 131

PYMNTS

MAY 19, 2016

ATM skimming just got taken to the next level. Kaspersky Lab announced new research regarding a hacker collective, known as the Skimer group, that uses malware to essentially make an ATM steal users’ money. Instead of putting skimmer devices on the ATM, this group makes the entire ATM a skimming device.

ATM 111

ATM Georgia Groups Policies 111

FICO

OCTOBER 12, 2016

As the US payment card infrastructure continues to move to EMV, fraudsters are turning their targets toward unattended self-service terminals, such as US ATMs, most of which have not yet been upgraded to read EMV chips. Globally, the European ATM Security Team reported a 19% increase in ATM-related fraud attacks from 2014 to 2015.

ATM 40

ATM Fraud US Cards 40

American Banker

JULY 7, 2023

Deposits of Listerhill and Avadian credit union customers were compromised by fraud conspirators, one instance in a rise of card skimming cases across the country.

Alabama 36

Alabama Fraud ATM Cards 36

PYMNTS

NOVEMBER 21, 2016

Why make one’s life hard hacking consumer accounts — or taking up armed robbery — when one can get the best of both worlds by directly attacking the banks’ computers and getting ATMs to do things like start spewing cash for no apparent reason? Reports of loose cash at other ATMs soon followed.

ATM 100

ATM Security Resources Software 100

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. Innovating The ATM Beyond Cash. FIs need to have the ability to find and thwart fraud, without accidentally sweeping up legitimate clients. Consumers expect secure and fast access to digital tools. The Flaw In Demonizing Big Tech.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

MARCH 3, 2020

Banks looking to make the most out of these rare visits must use the latest technologies. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. Hindrances to Digital-First Implementations.

ATM 151

ATM Fraud Study Regional 151

FICO

NOVEMBER 26, 2019

With new scams on the increase, FICO’s fraud experts have added new tips for staying safe and avoiding fraud, taking the total to 16. Take Care at ATMs. If an ATM looks odd, or your card doesn’t enter the machine smoothly, consider going somewhere else for your cash. Never approach an ATM if anyone is lingering nearby.

Fraud 59

Fraud ATM Cards Online 59

PYMNTS

JULY 8, 2016

From bitcoin ransoms to EMV security, there are few areas that are out of bounds for the clever crew. A recent research study out of Binghamton University now suggests another potential target for hackers: wearable technology. key entries) while people accessing key-based security systems.”. The researchers say yes.

ATM 108

ATM Security Bitcoin Apple 108

PYMNTS

AUGUST 16, 2019

A new Bluetooth security flaw was discovered that could leave users’ data unprotected and open to hackers, The Verge reported on Friday (Aug. The weakness was discovered by researchers who presented their findings at the USENIX Security Symposium. But the technology also makes it easier to counteract attacks.

Security 121

Security San Diego Data Illinois 121

ATM Marketplace

AUGUST 30, 2018

Biometrics has rapidly expanded to consumer applications such as payment services and ATM cash withdrawal in high-fraud markets. By 2020, nearly all smart devices will feature some form of biometric security, but many technologies enabled by biometrics will still be vulnerable to spoofs and hacking.

Security 67

Security ATM Fraud Technology 67

FICO

MARCH 1, 2022

Fiserv, a leading global provider of payments and financial services technology solutions, has developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients. Keeping Up With The Fraudsters.

Fraud 52

Fraud Analytics Cards Tools 52

NCR

MARCH 17, 2016

Skimming, shimming, sniffing …no they’re not symptoms of the latest flu bug but this outbreak is equally as unhealthy for the ATM community. ATM attacks and crimes have been extremely active over the past year. has led many financial institutions to become more aggressive in their deployment of skimming security solutions.

ATM 40

ATM Trends Security Cards 40

Independent Banker

NOVEMBER 13, 2014

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. Earlier this year, federal regulators warned financial institutions against criminal attacks on their ATM systems. Highlighting Technology Trends' Current Tech. By Maria Korolov.

ATM 93

ATM System Management Kansas City 93

FICO

NOVEMBER 21, 2018

While people in the US, UK and other nations celebrate Black Friday bargains, it’s a good time to remind customers to watch out for Black Friday fraud. People have two chances to make themselves vulnerable — when taking out cash at an ATM and when taking advantage of Cyber Monday, when card-not-present (CNP) fraud spikes.

Fraud 76

Fraud ATM Cards Online 76

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Fraud is a Top Worry. The lack of security cooperation between bankers and regulators also comes up for blame. Growing Awareness.

America 102

America Security Miami Conference 102

NCR

SEPTEMBER 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. But what about the impact of EMV in other areas, such as the ATM. The effect on skimming rate.

ATM 75

ATM Fraud Illinois Cards 75

PYMNTS

AUGUST 14, 2019

Now there is an app that can wirelessly reveal the thievery technology, as reported on Wednesday (Aug. Created by a team of computer engineers, the new app, nicknamed Bluetana, can detect even the most discreet skimmers on gas pumps and bank ATMs. The app is not expected to go mainstream for consumers in the near future.

ATM 116

ATM San Diego Cards Illinois 116

FICO

JANUARY 8, 2018

One of the newer applications of artificial intelligence rose to the top of the Fraud & Security blog last year: anti-money laundering. Readers were also keenly interested in learning more about cybersecurity and ATM compromise trends. Hacked ATMs Lead to 70% Rise in Debit Card Fraud. Read the full post.

Meeting 53

Meeting Fraud Security ATM 53

Insights on Business

NOVEMBER 22, 2017

The changes we see in the global payments landscape, driven by innovative technologies, are fundamentally changing the industry, but they come with a brand new set of challenges. On the other hand, technology capabilities are supporting increasingly complex, sophisticated and global fraud and cybercrime patterns. bn ($5.3Bn).

Fraud 125

Fraud Payments Innovation Industry 125

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. NCR announced plans to separate into two independent, publicly traded companies: NCR Voyix , focused on digital commerce, and NCR Atleos , focused on ATMs. Jack Henry expanded its partnership with SMA Technologies.

Fintech 103

Fintech Software Illinois Lending 103