News

ATM Security Association forms intelligent banknote neutralization systems working group

June 22, 2017

The ATM Security Association has announced a new working group focused on intelligent banknote neutralization systems.

The move addresses a growing demand to protect bank notes against criminal activity throughout the cash cycle — at ATMs or other cash machines, and in transportation, storage and other situations, a press release said.

"The primary purpose of IBNS technology is to improve the security screen around the cash", said Uwe Krause, president of the ATM Security Association. "In combination with other techniques and components throughout the end-to-end cash transportation cycle it can create further value. The working group's aim is to create a holistic security screen throughout the cash cycle."

The working group will be formed under the cassette security banner to study the impact of IBNS on the cash management market — specifically in conjunction with ATM cash cassettes, the release said.

Group members will explore the history and impact of IBNS technology within the cash management market, and will compile best practice guidelines to support user groups with the process of implementing optimized IBNS requirements for their cash management security needs.

"The highly intelligent scalable and adaptive IBNS security systems have evolved to detect a wide range of modus operandi through their own autonomous sensing capabilities, but their sensing reach can be extended by interworking with the ATM embedded sensors, network monitoring functions and end-to-end cassette exchange replenishment services that interface with cash-in-transit IBNS transport cases and CIT storage systems," said IBNS work group leader Nick Aveyard. "We invite all financial institutes, independent ATM deployers, CIT companies and other players in the market to join the working group to work out standards and solutions for a safer and more efficient cash management cycle."