Article
How the mag stripe can actually prevent ATM fraud
Ironically, the same mag stripe that contains card data also holds the key to making that data useless to crooks.
October 14, 2013 by Suzanne Cluckey — Owner, Suzanne Cluckey Communications
At the ATM & Mobile Executive Summit in late September, Mimi Hart, CEO of MagTek Inc. (and a recent winner of the Most Influential Women in Payments award), took part in a panel discussion with Michael Caswell of the Secret Service and Adam Meyers of the digital security firm, Crowdstrike, in which the three addressed the critical nature of mobile app security for banks and the types of transactions that are most vulnerable to fraud.
In a later interview with ATM Marketplace, Hart returned from the troublesome world of digital fraud to the equally problematic world of plain old plastic card-present fraud — and a solution that is helping some in the payments industry stop fraudulent transactions before they occur.
Read more about security.
photo: trenttsd
About Suzanne Cluckey
Suzanne’s editorial career has spanned three decades and encompassed all B2B and B2C communications formats. Her award-winning work has appeared in trade and consumer media in the United States and internationally.
