ATM Solutions Joins South African Banking Risk Information Centre
- South African specialist in ATM deployment ATM Solutions joins in the South African Banking Risk Information Centre (SABRIC). It is mostly composed of banks focusing on fraud prevention as well as on the prevention and detection of organised crime in the banking industry.
- The company then intends to assert its commitment to fight fraud and highlights its security strategy to protect ATM transactions and detect bank card fraud attempts.
- A large number of initiatives now attend the issue of fraud prevention and the banking sector seems to grow more and more involved in this fight.
- For instance, in the United States, the White House focuses on the security of online banking websites and considers issues related to a possible nationwide digital ID solution (National Strategy on Trusted Identities in Cyberspace – NSTIC); also, federal agencies are currently considering the elaboration of new proposals to improve bank/customer authentication processes. The American banking industry is now expecting new recommendations from the Federal Financial Institutions Examination Council (FFIEC) regarding the application of authentication techniques to enhance cardholders’ protection against online fraud.
- Meanwhile, in Europe, the first European Forum on the Security of Retail Payments recently took place (See “Context and Evolution” section).