DAYTON, Ohio - NCR Corp. has released a response to fight ATM fraud, according to a news release.
NCR released its patented Intelligent Fraud Detection solution, which combines best-in-class hardware, software and professional services.
Drawing on the company's global knowledge of ATM fraud trends and understanding of best-practice security strategies, NCR also is offering a security consultancy service to ensure financial institutions fully understand new security threats and available technology.
That holistic approach recognizes the need to protect an entire cash-management cycle, from ink-staining to enhanced digital protection.
Common instances of fraud, which the NCR solution is designed to combat, include attachment of false fronts, cameras or other devices. These include the placement of card skimming and trapping devices, the use of miniature cameras and the installation of devices that trap cash once it's dispensed.
The Intelligent Fraud Detection solution will monitor and recognize attempts to place fraudulent devices on the ATM and is not limited by the type of material used in the device. The solution's technology can send an automatic alert to an FI when a foreign device is added to the ATM. It also allows the FI to track which customer cards were compromised while the fraudulent device was in place.
"ATMs already make use of sensor technology internally, but this is a radically different solution with expanded detection capabilities for external foreign objects," said Andrew Orent, vice president of NCR's Financial Solutions Division, Americas. "It is one step in a holistic approach that ensures no one point in the cash management cycle is perceived as more vulnerable than any other point."
