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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.   |
Bank Systems & Technology
January 28, 2009
Orla O'Sullivan |
Fraud-Free Finland Eyes Horizon Finland is virtually free of ATM fraud, though that coveted position is not ensured with the advent of the Single European Payments Act. |
InternetNews
December 24, 2008
Richard Adhikari |
RBS WorldPay Data Breach Hits 1.5 Million A hacker got into the computer systems of electronic payment processing services provider RBS WorldPay, compromising more than a million customers' records. |
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
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. |
Bank Systems & Technology
August 18, 2009
Maria Bruno-Britz |
Long Arm of the Law IDs Heartland Hackers An American and two Russians are charged with one of the largest cyber crimes ever. |
The Motley Fool
January 9, 2004
Rich Smith |
The Plastic Paycheck Employers are in love with payroll cards, but employees are getting jilted. |
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. |
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 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 Technology News
January 2002
Daniel Joelson |
Latin America Set For ATM Spike Consumer demand is making Latin banks reassess their ATM strategies... |
Bank Systems & Technology
July 22, 2007
Peggy Bresnick Kendler |
Bank Execs Discuss ATM Technology Developments ATMs Technology developments and functionality enhancements, as well as emerging global economies, offer opportunities for ATM advancement. |
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
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. |
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. |
Wall Street & Technology
September 17, 2007
Melanie Rodier |
Online Security Attacks Against Financial Institutions Rapidly Increasing Gone are the days of teenagers sitting in their parents' basements trying to hack into a company's computer system just to prove a point. Today, hacking is an organized crime enterprise -- and it is bigger than ever. |
Bank Systems & Technology
January 29, 2008
Maria Bruno-Britz |
Evolving Card Business Presents Opportunities and Threats for Banks Rapid advances in technology, the recent IPOs of Visa and MasterCard, an uncertain economy, and shifting consumer behaviors all are converging to create a whirlwind of change -- and opportunity -- in the card space. |
Bank Systems & Technology
September 15, 2007
Sharon Gaudin |
Number Of Hackers Attacking Banks Jumps 81% Hackers no longer need to be technical wizards to set up an operation to steal people's banking information and then rob their accounts. |
Bank Systems & Technology
October 28, 2009
Maria Bruno-Britz |
STAR Network to Enable Prepaid Reload First Data's STAR EFT network is now capable of loading and reloading prepaid cards. |
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 Technology News
March 2011
Michael Sisk |
ID Theft Declined in 2010 ... or Did It? A Javelin Strategy & Research survey of consumers found that the number of identity fraud victims fell 28 percent last year. |
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
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
January 7, 2005
Cynthia Ramsaran |
Automated Augmentation According to the study, ATM total deployment worldwide reached more than 1.3 million terminals in 2003. RBR predicts that global ATM installations will grow to 1.7 million by 2009. |
| 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
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
August 2008
Michael Sisk |
Yin and Yang? Mobile Banking and Voice Biometrics Voice Commerce Group unveiled a system it says will enable the widespread adoption of biometrics-based "voice signatures" by the global payments and financial services industry. |
Bank Technology News
September 2006 |
Homeland Insecurity One of the toughest battles for bankers may be in combating online security breaches and sophisticated money laundering schemes. |
Bank Technology News
April 1, 2008
Joe Sowerby |
ID-Theft Fears Keep Clients Off the Web Adoption of online banking is increasing, but not nearly at the rate of broadband adoption. The main reason: fear of online identity fraud. |
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 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. |
The Motley Fool
August 8, 2007
Mary Dalrymple |
Cut the Cost of Cash Some banks charge $4.25 to withdraw cash from ATM's. That is way too much to pay for your own money. Starting immediately, here are five things you can do to avoid those ATM fees. |
Bank Technology News
May 2001
David Rountree |
Advertising Via ATM: Make It Quick Advertising using ATMs represents a viable revenue opportunity, recent consumer research indicates. But pity the bank that makes its customers wait longer in order to pitch them at the automated teller machines... |
InternetNews
March 23, 2010 |
FBI Underboss Outlines Anatomy of a Cyber Gang As cyber criminals grow ever more sophisticated and organized, law enforcement agencies have had to step up their game to keep pace. One of the top men at the FBI shares what the bureau is doing to combat cyber crime. |
Bank Systems & Technology
May 18, 2009
Maria Bruno-Britz |
Community Bank Expands NYCE Contract Community Bank System renewed its contract with the NYCE network, making it the exclusive provider of the bank's PIN debit and ATM services. |
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 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
March 2003
Mark Bruno |
An ATM with a Room to Sublet Key's "Agent Bank" program opens the field for small institutions wanting to expand their network of fee-free ATMs. |
The Motley Fool
September 4, 2009
Rich Smith |
So How's Wal-Mart Ruining America This Week? Wal-Mart plans to exit the paper paycheck game over the course of the next few weeks, switching all employees to direct deposit if they have bank accounts, and if they do not, to "payroll cards." |
Bank Technology News
December 2008
Glen Fest |
A Very Tenacious Idea: Online PIN Debit Acculynk provides an alternative to both signature debit/credit card options as well as non-bank payments schemes such as eBay's PayPal business. |
Bank Technology News
April 2001
Maria Bruno |
Hackers Steal 1 Million Card Numbers Teams of Russian and Ukrainian hackers stole more than 1 million credit card numbers from 40 American e-businesses in recent months, according to the Federal Bureau of Investigation... |
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
March 30, 2007
Nancy Feig |
First Charter Bank Enables Remote ATM Access Remote Office allows First Charter to connect via TCP/IP to an ATM and can be used to remotely perform maintenance. It is also compatible with First Charter's Diebold ATMs as well as ATMs from other vendors. |
Bank Systems & Technology
September 9, 2009
Maria Bruno-Britz |
Fifth Third Processing Signs Two Banks A pair of Massachusetts community banks will receive payments processing services from Fifth Third Processing Solutions. |
BusinessWeek
July 3, 2006
Dean Foust |
ID Theft: More Hype Than Harm Law enforcement officials say the criminals tend not to follow through after stealing personal data. |
Wall Street & Technology
February 14, 2006 |
Vetting Fraud Solutions As competition in the fraud management space increases, Boston-based Aite Group has issued recommendations for financial institutions on how best to leverage vendors' emerging value propositions. |
Bank Technology News
November 2003 |
By The Numbers A big surprise is that usage of benefit and payroll cards actually increased with income level among respondents of a recent Financial Insights survey, which defies conventional wisdom. |
BusinessWeek
May 26, 2011
Karen Weise |
Banks' New Money Machine: Prepaid Cards Cards are replacing checks for payroll and government benefits |
