Could ATMs reduce identity theft?
As has been widely reported, banks are nearing completion of a large scale investment in technology to roll out EMV (Europay MasterCard Visa) chip cards to their customers, which will enable secure payments at point of sale and cash withdrawals through their ATM networks. EMV cards, known in the UK as Chip and PIN cards, will address counterfeit fraud but could also provide an innovative solution to the challenges of identity validation outlined above. By its very nature, an EMV card is encrypted and could also therefore ensure secure personal identity through a bank’s encrypted networks. In other words, banks could potentially easily validate the identity of their customers by using existing ATM networks and leveraging their technology investment in chip cards.
Download now to see how this new technology would work...
Top results from Level Four
Five ways to innovate at the ATM A new architecture and production model for ATM and self-service software The Importance of ATM Testing Guide to Best Practices in ATM Testing
Rabobank automates ATM testing to enable EMV compliance with cost-effective Level Four Software Top results from Regulatory Issues
Three Reasons to Support EMV with In-House Software Employees Must Wash Hands Before Returning to Work: Compliance Versus Common Sense
Creating an Insurance Agency Aisle in Your Store: Overcoming Obstacles to Success in Financial Institution-Owned Insurance Agencies 2011 PCI Requirements Preparing Payments Devices for EMV Implementation 
