European Payments Council issues report about ATM anti-skimming, security tips

Published: 8 January 2009 y., Thursday

 

The European Payments Council on Dec. 30 published a list of recommendations regarding anti-skimming measures for ATMs within the Single Euro Payments Area, The Paypers reported this week. The council is the decision-making and coordination body of the European banking industry in relation to payments.
 
According to the council's report, ATM-skimming fraud, which involves illicitly copying ATM card information stored on magnetic stripes, is increasing in Europe. Despite the rollout of the Europay, MasterCard, Visa standard, also known as EMV, additional anti-skimming solutions are being used and deployed by individual ATM operators throughout Europe.
 
The report includes five recommendations for anti-skimming that ATM operators and schemes within SEPA can use.
 
The recommendations outline a series of minimum standards for anti-skimming measures, such as design of the entrance of the ATM card readers that prevents the attachment of skimming devices; measures for the identification, jamming or disturbing of skimming devices already attached to an ATMs; and remote electronic anti-skimming procedures that alert ATM operators when an ATM is tampered with.
 
Additionally, the report recommends ATM operators install privacy shields to hide customers' hands as they input PINs and display warnings about skimming devices and available incident report channels on or near the ATMs themselves.
 
The council also recommends fitting new ATMs that are to be installed in high-risk locations with anti-skimming devices as standard features. Anti-skimming devices should also be installed on ATMs that have been previously targeted and compromised by criminals.

Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

Web Influences Offline Purchases, Especially Among Teens

The growth rate of e-commerce sales has begun to slow from its torrid pace of recent years, but online consumers continue to use the Web for shopping, if not buying. more »

The Internet store

The company ``Lattelekom`` opened the Internet store ``www.collectoria.lv`` more »

NTL and Telewest working together to build Broadband Britain

9 million homes ready for broadband now. By end 2002, 11.6 million homes will be broadband-capable more »

Online Shopping a Tough Sell for Online Retailers

A study of more than 4,000 Web users by Brigham Young University (BYU) found that Internet retailers need to re-target their marketing, address customer fears over credit card security and make the experience less technologically challenging. more »

search.lt news

search.lt presents newest links more »

SAP Evicts Cybersquatter

The World Intellectual Property Rights Organization has ordered India-based cybersquatter D. P.Singh Bhatia to transfer the domain names Sapmaster.com and Sapwizard.com to the German multinational e-business concern, SAP AG. more »

Korea Plans For Broadband Everywhere By 2005

The Korean government aims to have 84 percent of the nation's households accessing the Internet at a super-fast 20 megabits per second (Mbps) by 2005. more »

Jupiter's report

Mobile commerce to remain a niche more »

Alcatel reveals innovative One Touch 511 mobile

Alcatel gave the world its first tantalizing preview of the new One Touch 511 mobile phone, set to be on the market in early July. more »

Tilde's Internet Dictionary

English-Latvian-English base dictionary contains 41 802 English words, 29 947 English expressions and 86 442 Latvian words. more »