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

Wincor Nixdorf expands consulting competence in business intelligence

Wincor Nixdorf is enhancing its consulting portfolio for the banking business. more »

PC/E Cash Management Guarantees Optimal Cash Management

Wincor Nixdorf is set to present its ProClassic Enterprise Cash Management software for effective and rational organization of end-to end cash management processes in banks at the Retail Delivery Show. more »

Yahoo CEO to resign

Yahoo said Jerry Yang will step down as chief executive as soon as the board finds a replacement. more »

Wincor Nixdorf: Opportunities even in the financial market crisis

Wincor Nixdorf AG has turned in the best year in its history. more »

Visa offers payWave contactless payment to transit operators

Visa Inc. is working with the Los Angeles transit authority to allow train, subway and bus riders to pay fares with Visa’s payWave-enabled contactless cards. more »

Google's phone debuts

Customers line up in New York City to be the first to buy Google's new G1 phone. more »

A safer internet for children

Children and teenagers are keen internet users - 12 to 15-year-olds spend at least three hours a day on screen - but are not always aware of the dangers: not just sites showing child pornography or violence but also the risk of bullying or grooming. more »

Switching off CO2

A European Commission study found that devices left on stand-by throughout the European Union in 2005 consumed the same amount of electrical energy as a country the size of Greece or Portugal in 2008. more »

European Commission launches “Study in Europe” website to promote European higher education

The European Commission has launched a new web portal called “Study in Europe” to promote the attractiveness of European Higher Education to students from other parts of the world. more »

Protecting Europe's children from internet dangers

With the increasing availability of the internet, children are being exposed more and more to illicit images and content. more »