Banks are losing $1 million a month to scams targeting automated teller machine cards, but many of these crimes could easily be thwarted using security features already built into the cards, a report ...

Banks, credit unions and convenience stores on Long Island have fallen victim to ATM skimming in the past year, part of a $2 billion problem worldwide, according to the ATM Industry Association. In an ...

Banks in some countries are introducing alternatives to the iconic magnetic stripe ATM card, encouraging mobile phones and other technology for cash access. Such methods may help to reduce fraud, ...

Discover how chip cards enhance security with embedded microchips. Learn their types, benefits, and how they work to secure transactions at ATMs and stores.

The number of attacks on debit cards used at ATMs recently reached at least a 20-year high, according to data from Fair Isaac Corp. (FICO), the company behind the well-known FICO credit score. It ...

A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment ...

Seth Rabinowitz recalls the time he used his HSBC ATM card on a Sunday afternoon in São Paulo, Brazil, at an ATM outside a bank that seemed closed, because it was after regular hours. "It rejected my ...

ENGLEWOOD--The bank robbery occurred at the Citibank branch in a quiet North Jersey suburb. There were no alarms, no guns, no menacing notes and no threats of violence. More than $52,000 was taken and ...

A Japanese ATM cash-out scheme that stole $19 million from South Africa's Standard Bank in less than three hours illustrates why devising better ways to mitigate the risks posed by such schemes must ...

The U.S. Secret Service is warning banks and ATM owners about a new technological advance in cash machine skimming known as “periscope skimming,” which involves a specialized skimming probe that ...