NCR brings ATM security technology to Beijing

NCR brings ATM security technology to Beijing
Tags: Bank / Credit Union, Cash Dispenser / Recycler / Acceptor, Manufacturers, Multifunction ATMs, NCR Financial Solutions, Regulatory Issues, Security
August 2, 2005

China Daily: Dayton, Ohio-based NCR Corp. has set up a currency data processing center in Beijing to help combat a rising tide of forged currency, company officials announced Aug. 2.

"China is a huge market for cash deposit technologies, and we are dedicated to applying our corporate expertise and resources to more rapidly addressing incidents of a fraudulent nature," said Keith Au, region product management director, North Asia, NCR Financial Solutions division. "Unfortunately, counterfeiting is now a fact of life. It can be addressed by better note security and collaboration when new incidents occur. It is incumbent on the industry to join forces with the central bank to help combat currency fraud."