Toward More Reliable ATM Services with AFSI's Complete Security Solution

Need cash or want to deposit some? Very few in this era of plastic money would rush all the way to banks to perform these transactions. For better or for worse, more and more customers are ditching the brick and mortar branches for ATMs. By allowing 24 hours electronic access to all your bank accounts, ATM services have taken personalized banking to all new exciting height.

Unfortunately, the ATM skimming frauds are on the rise. With high tech skimming incidences nearing 1 billion, consumers are demanding the highest level of fraud prevention measures from their respective banks. Besides skimming frauds, ATMs can also fall prey to the malware that can infiltrate a machine through unsecured network connections.

The fraud-wary consumers will be happy to know that fraud prevention has become one of the top financial priorities for all the leading banks worldwide. ATM frauds can literally break a bank. If research data are to be believed, over 30 percent of the consumers hold the bank responsible for the incidence of the fraud and would close the account irrespective of whether or not the bank is at fault. Now, which business can afford to lose clients and this explains the banks’ rising fraud prevention costs. These are all meant to ensure complete peace of mind for their customers. One time pass codes, multi-factor authentication, card on/off mode and transaction notifications are some of the weapons that the banks use to combat ATM crimes.

Unfortunately ATM crimes continue to occur despite these huge investments. This necessitates the deployment of a complete ATM security solution which involves the installation of PCI DSS compliant, EMV-chip embedded ATMs. AFSI's ATM services include sophisticated anti-skimming solutions to help the banks and its customers stay protected against diverse forms of ATM frauds. The good news is: AFSI's systems are not expensive and easy to install. Moreover, its scalable and modular security infrastructure helps to future-proof the bank's investments in an ever-changing criminal landscape.