Money mules a stubborn problem for ATM operators

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Money mules are the "last mile" to launder funds gained from illegal activity — and ATMs are often their first stop.

FEATURES


Blink and you'll get it!

Picture this: MasterCard is piloting a security scheme that will approve bankcard purchases with a selfie — and a blink.

Summer reading list: The top 5 ATM features for June

Grab your e-reader and an ice-cold beverage, then head to the hammock and catch up on ATM Marketplace features you might've missed last month.

ATM surveillance: Preserving the ATM, protecting the customer

It is inevitable that FIs must balance investments and cost containment, but they also must take into account the safety of the customers who use their services.

Lawmakers take an interest in electronic payments

Both branches of Congress have formed bipartisan caucuses focused on payment technologies and data security in the US.

After the chip card: A chargeback tsunami?

What can we learn from Canada's experience weathering the fraud fallout that followed EMV migration?

The FI’s opportunity in a mobile payments world

As mobile banking and payments converge, financial institutions have the benefit of one critical advantage over non-FI competitors: customer trust.

No time for running in place!

Amid stories about failed security, obsolete applications and legacy systems, there's evidence that vendors are lacing up their shoes to keep the industry ahead.

April's top ATM reads

A piece on corporate earnings; a couple of pieces on security; a couple pieces on ATM innovation — all of these cropped up in the ATM Marketplace top five for the month.

What goes boom on the street: The gassing of ATMs!

I am extremely fearful that the greatly dumbed-down 'blow up the ATM' model will appeal to many a would-be bad guy once the old 'steal the ATM card' method no longer works.

Jackpotting in the retail ATM sector

We all know about the $1 billion multibank ATM heist via malware. But if you're a retail IAD or ISO, there's an even scarier one you should definitely be aware of.

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NEWS


Fiserv, Fujitsu to offer PalmSecure customer ID in branches

Banks that integrate the secure palm vein biometrics solution into their DNA IT platform will be better able to protect their customers from fraud, the companies say.

MasterCard invites customer input at digital security lab

The broadened mandate of the lab will encourage joint problem-solving for fraud and risk in payments, MasterCard says.

More than 5,500 organizations line up for .bank domain

Only verified and approved organizations may use the the top-level domain, whose features include strong encryption and authentication requirements.

Philly police investigating second ATM explosive attack

ATM explosions are rare in America, but two attacks this month in Philadelphia raise the question whether the US is at the leading edge of an unwelcome trend.

Missing EMV liability shift date NBD, IT execs say

In a recent survey, 42 percent of IT pros said their company was making no apparent progress on EMV; 58 percent didn't think missing the deadline would affect the bottom line.

Report: Cross-border, CNP fraud now dominate in Europe

A low overall rise of 6 percent across 19 European nations masks large shifts in cross-border fraud, FICO says.

UK IAD, Netherlands anti-skimming vendor strike distribution deal

The UK's Acketts Group Ltd. has inked an exclusive deal to distribute CSPtec's patent-pending Secure Card Feeder, a mechanical anti-skimming device.

CU analytics tool adds fraud detection features

A new module available for Co-op Revolution helps credit unions pinpoint compromised cards and merchants more quickly and mitigate the effects of fraud.

TMD sets up shop in Latin America

The anti-skimming specialist says its new office in Mexico City will allow the company to work more closely with ATM providers in the region.

Why is cash still king? Crime, Europol suggests

Cash is slowly falling out of favor with consumers, but is still a preferred method for laundering ill-gained profits, the European law enforcement organization says.

Study: Biometric services now a priority for FIs

Nearly 90 percent of banks surveyed said they offer — or are planning to offer — biometric services for customer authentication and transaction approval.

SPA updates report on card authentication methods

The Smart Payment Association has revised its publication, "Strengthening Card Authentication: A migration to DDA," to reflect an evolving payment environment.

New ATM Security Association inducts members, sets priorities

The ATM Security Association aims to bring together ATM-makers, suppliers, deployers and law enforcement to identify and address ATM security threats.

PCI SSC updates standard for POI device security

Version 4.1 of the PIN Transaction Security Point of Interaction Modular Security Requirements responds to market need and industry feedback, the PCI Security Standards Council says.

New resource helps FIs assess, address cyberthreat readiness

The FFIEC says that financial institutions of all sizes can use the Cybersecurity Assessment Tool to inform their risk management planning.

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