ATM security in Vietnam has been a difficult topic since the first cash machines were installed. Things have gotten so bad that in 2017 banks decided to shut down night-time ATM services for better security.
While ATM cards with EMV chips are standard in most developed countries, Vietnam is just now migrating from magnetic stripes. Currently 70 million of the country’s 77 million bank cards use magnetic strip technology. This is a highly vulnerable and outdated technology – the absolute favourite of fraudsters for skimming attacks. Card data can be easily stolen by card skimming using devices attached to regular card readers. The complete transition to EMV cards would cost nearly VND1,100 billion ($48.23 million) for the country’s four major banks. With such a high cost, it’s not surprising that local banks are hesitant and looking for alternatives. Their absolute priority is keeping their clients money safe and their reputation secured.
BS/2, a company specializing in banking equipment and software development has created ATMeye.iQ – an ATM security, dispute resolution and ATM management solution. Latest versions of ATMeye.iQ can include optional advanced security features like Face Detection, Multiple Face Detection and Face Recognition.
Ease the work of the security officer or ATM manager with event-based alerts and pre-set scenarios. These configurable scenarios run automatically with trigger-based ATM security. This feature helps stop fraud at ATMs and prevents the use of stolen or black-listed cards.
ATMeye.iQ can come with a wide range of various sensors which help detect and prevent crime at ATMs. These can be skimmer detection kits, shock, gas, tilt, temperature sensors and many other devices. When any of these sensors are set off, ATMeye.iQ immediately informs the responsible person and launches pre-set scenarios.
In many cases, fraudsters achieve their goals and escape justice by covering or breaking ATM cameras. This can cause difficulties in retrieving crucial crime footage. ATMeye.iQ instantly sends an alarm and can prevent ATM use if the camera is covered or broken.
The system operator receives information about the current operating status of all self-service devices in the network using ATMeye.iQ. It allows him to react faster in case of technical problems.
Event-based and transaction based logic helps to minimize dispute resolution time. Provide required photo and video material to police and security service quickly, using quick search.
ATMeye.iQ helps more than 230 banks ensure the security of 80,000 devices worldwide. Combined with an anti-skimming device ATMeye.iQ can help banks guarantee the highest possible level of ATM protection and prevent ATM fraud.
Deployed in over 80 countries, ATMeye.iQNG is not only a unique and reliable solution but also an affordable one.
Helping your security and support personnel save time and resources. Minimizing your area of exposure, significantly reducing risk and helping you comply with industry standards and regulations.
What is the value of your clients security?
