Report: Global smart card shipments will overtake mag-stripe by 2015

by Kim Williams — Reporter, NetWorld Alliance

The U.S. is still lagging behind the rest of the world for EMV implementation.  

Is mobile banking more secure than traditional online banking?

by Robert Siciliano — speaker, IDTheftSecurity.com

Mobile banking is on the rise for more reasons than convenience. In truth, it’s more secure than traditional online baking. Accessing your bank's mobile…

Skimmers charged with stealing $17,700 using Dunkin' Donuts gift cards at ATM

August 1, 2011

The New York Daily News reports that two Romanian ATM skimmers, who entered the U.S. earlier this year on journalist visas, used Dunkin' Donuts gift cards to…

Six arrested in Arizona for skimming $300,000

July 31, 2011

According to KPHO in Phoenix, Ariz., six people were arrested for allegedly stealing financial information from ATM customers and making hundreds of fraudulent…

Virtual Currency - The Dark Side

by Brendan Burge

Regular readers of Counting On Currency will know that I am committed to the future of hard currency. This does not mean however, that I am not interested in…

GRG Banking receives certification for its DT-7000 series ATM

July 27, 2011

Guangzhou, China-based GRG Banking Equipment Co., ATM manufacturer and sales and service provider of self-service solutions for retailers and financial…

What the FFIEC is doing to protect FIs and consumers against hackers

by Robert Siciliano — speaker, IDTheftSecurity.com

FFIEC is the Federal Financial Institutions Examination Council, which is a government body empowered to prescribe uniform principles, standards and report…

New Nigerian banking policy aimed at reducing money laundering, transaction costs to customers

July 24, 2011

Lamido Sanusi, governor of the Central Bank of Nigeria (CBN), on July 21 discussed the rationale behind the new banking policy in the country aimed at reducing…

Hong Kong unveils new banknotes

July 24, 2011

The Hong Kong Monetary Authority (HKMA) and the three note-issuing banks (Standard Chartered Bank Limited, The Hongkong and Shanghai Banking Corporation…

EAST publishes European fraud update

The U.S. is becoming increasingly attractive to criminals using non-EMV compliant counterfeit cards.

Citi Bank announces plans for EMV offering

July 18, 2011

Finextra reports that Citi Bank has confirmed it will roll out EMV chip cards for customers traveling abroad.

Europol busts international cross border skimming operation

by Lachlan Gunn — Director, BenAlpin Ltd

Europol has led a successful operation that resulted in the arrest of a card skimming gang suspected of stealing more than EUR50 million from banks and…

Five ways to innovate at the ATM

Channel integration and offering new services are topping the list of priorities for IADs.  

EPC pushing for standardized ATM cash cassettes across Europe

July 13, 2011

The European Payments Council is pushing for same-size cassette standardization for the continent's estimated 400,000 ATMs in an effort to cut costs, Finextra…

Europol busts cross-continental card skimming ring, warns of magnetic strip vulnerability

July 13, 2011

Finextra is reporting that European and U.S. law enforcement agencies have busted a cross-continental card skimming gang suspected of stealing more than EUR5…

Genmega 2500: New ATM backed by years of industry-established components

by Alicia Ridley — General Manager, ATMequipment.com

When a new ATM (or any product for that matter) is launched in the market, purchasing hesitation is generally brought on by fears that the product will…

NCR developing ATM specifically designed for illiterate populations

July 10, 2011

According to Scientific American, NCR Corp. is developing a new type of freestanding ATM for underbanked and developing regions, specifically targeting the…

Nearly 20 amusement park employees fired for taking advantage of faulty ATM

July 10, 2011

The Sydney Morning Herald reports that up to 20 staff at Luna Amusement Park in Melbourne, Australia, have been escorted off the premises after taking…

Robbers steal $1 million in cash from ATM security company

July 7, 2011

According to the Los Angeles Police Department, three men held three employees of Commonwealth International, a security service that transports money from…

Discarded ATMs are good practice for criminals

by Robert Siciliano — speaker, IDTheftSecurity.com

Today, there are more than 2.2 million ATMs worldwide, and by 2015 there will be around 3 million. ATM skimming accounts for as much as 30 percent of all data…