0 Comments
Computerworld: A Citibank spokesman dismissed suggestions in the blogosphere that a recent decision by the company to quietly reduce the daily ATM cash-withdrawal limits of some of its customers had something to do with Citibank's cash-reserve position. Rather, the move was a precautionary one prompted by fraudulent ATM activity in metropolitan New York, said Robert Julavits, a spokesman for the bank. Citibank's new caps on ATM withdrawals for some of its customers started in mid-December but came to light only last week after New York's Daily News published a story on it. Since then, the only official explanation from the company has been in the form of a brief two-paragraph statement that said Citibank had "temporarily lowered ATM withdrawal limits on a small population of customers" because of "isolated fraudulent activity." The relatively sparse information from Citibank so far appears to be stoking some concern among blog posters.
 

Related Content

Reader Comments

Add a Comment

We welcome your thoughtful comments. All comments will display your real name.

Want to participate in the discussion?

Or log in for complete access.

  • Clear
  • Post
Be the first to post a comment for this story.
Products & Services

ADA-Compliant Braille Decals: In Stock, Same Day Shipping

http://global.networldalliance.com/new/images/products/4726.png

4726/ADA-Compliant-Braille-Decals-In-Stock-Same-Day-Shipping

Application Monitoring for Self-Service Devices – JAM NM

http://global.networldalliance.com/new/images/products/LogoJAMNM.gif

3745/Application-Monitoring-for-Self-Service-Devices-JAM-NM

Payment Card Processing

http://global.networldalliance.com/new/images/products/4644.png

4644/Payment-Card-Processing

Monofunctional ATM SlimCash 200

http://global.networldalliance.com/new/images/products/slimcash200_s_100.gif

3703/Monofunctional-ATM-SlimCash-200

uGenius Video Banking Management Suite

http://global.networldalliance.com/new/images/products/Video_Banking_Solutions.jpg

1183/uGenius-Video-Banking-Management-Suite

Compact, Frame Structured—Lobby Cash Dispenser H22NL

http://global.networldalliance.com/new/images/products/H22NL.jpg

3740/Compact-Frame-Structured-Lobby-Cash-Dispenser-H22NL

A98 ATM Key Management System – A98-R - Remote Key Module

http://global.networldalliance.com/new/images/products/A98_R_100.gif

3765/A98-ATM-Key-Management-System-A98-R-Remote-Key-Module

ATM End of life Recycle and Disposal – Safe and Green

http://global.networldalliance.com/new/images/products/4407.png

4407/ATM-End-of-life-Recycle-and-Disposal-Safe-and-Green

Serve versatile demands—Full-function TTW ATM H38N

http://global.networldalliance.com/new/images/products/H38N.jpg

3738/Serve-versatile-demands-Full-function-TTW-ATM-H38N

KAL Kiosks/ Self Service Solutions

http://global.networldalliance.com/new/images/products/KAL_Logo_SF100.gif

587/KAL-Kiosks-Self-Service-Solutions

Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.