ATMS AND CASH ARE STRONG IN A CRISIS!!

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Innovative Machines: Triton and Nautilus Hyosung bring in a New Era

What’s in an impressive ATM terminal?  Innovation must be intentional in today’s economic market if you plan on maintaining a competitive edge.  The ATM transaction volume is the key metric to a successful ATM business.  The market’s demand for super performing ATMs has been a long time coming.  ATM manufacturers are making noteworthy shifts in the design and performance of their retail ATMs that command attention. Let’s review some of the newest additions to the Triton and Nautilus Hyosung families.

It’s been known for a few months that Triton’s Argo has been headlining the ECO-friendly show, but the touch screen feature along with the sleek look is what brought attention to the stand alone model. And when our sales department and CEO got back from Dallas in May, they showed us an intriguing yet simple and innovative ATM concept that had me staring for a while. The grainy photo of the ATM gave for a washed out effect at the center of the ATM. The Halo by Nautilus Hyosung has the look of a 21st century movie-like robot. It’s very unique ATM design makes one wonder if it can do more than dispense cash.

But a new look isn’t the only driving force behind the push for a new ATM. It’s still all very much about the green, and I’m not talking about cash.  Both Nautilus Hyosung and Triton are pushing the limits of what we can do at an ATM: E-reciepts, EMV ready, wireless capabilities, etc.

NH Halo will be backwards compatible with the NH 1800 parts, while the ARGO will be replacing the popular RL series.

Below is a quick comparison between the standard Halo and the three Argo models.

-ATMTrader

 

Halo

Argo 7 Shallow Cabinet

Argo 7 Deep Cabinet

Argo 12

Screen Size

10”

7”

7”

12.1”

Touch Screen

No

Yes

Yes

No

Function Keys

Yes

N/A

N/A

Capacitive Touch

Printer

Printer-Less Option

Printer-Less Option

Printer-Less Option

80mm Option

Keypad

ADA & PCI Compliant

ADA & PCI Compliant

ADA & PCI Compliant

ADA & PCI Compliant

Card reader

Dip W/ EMV Option

Dip W/ EMV Option

Dip W/ EMV Option

Dip W/ EMV Option

Dispenser

1K

2K

MiniMech

SDD

SCDU

HCDU

NMD 50

SDD

SCDU

HCDU

NMD 50

# of Cassettes

1

1

1-4

1-4

Lock

Dial W/E-lock   Option

Dial w/   E-lock Option

Dial w/   E-lock Option

Dial w/   E-lock Option

Additional Features

Recessed Keypad

LED Indicators

LED Indicators

LED Indicators

Weight

264.5 lbs

133lbs

179lbs

188lbs

Replacing

NH1800 Models

RL Models

RL Models

RL Models

 

Be sure to check in for more information at ATMTrader.com.

 

Top 10 ATM industry news and events of 2013


It's been quite some time since i had a serious urge to go back in time. And by that I mean I wish I would have taken advantage of more black friday sales - woulda, coulda, shoulda. So like most people I like to go back and reflect on the year, the impacts, the ups, downs and the lessons I learned. So if you're anything like me you want to be able to look back at what has affected you directly or indirectly. With the help of ATM Marketplace, ATMTrader would like to share with you some of the biggest news topics and blogs in the ATM industry.

10. ATM Skimming

"The Blocker" is considered to be an inexpensive approach to a very expensive problem. This device is secured with six metal rivets and makes it impossible for a thief to install a fake bezel over the machines card reader slot.

9. Diebold's struggle to realize potential.

After going over their second quarter earnings, new president and CEO, Andy Mattes reported that dieblold significantly reduced its outlook for 2013. "while we have a lot of work ahead of us, my overall assessment is that we have a great turnaround opportunity here".

8. Talaris and Glory Group integrate as Glory Global soloutions

This merger combined the companies into a single entity and created one of the world's largest cash management companies

7. Check cashing ATM.

Originally coming to light in March of 2012, it went over the partnership between Genmega and Nexxo Financial Services that offered a promise to place "affordable, reliable check-cashing ATM/kiosks on the strees.

6. MasterCard, NAC announce plan to address April 19 Liability Shift.

On April 11th a detailed stop-gap solution was devised to mitigate fraud risk for IADs that were not ready to accept Maestro EMV transactions. 

5. How cash management will change 2013.

Richard McMurdo, a principal consultant at Glory Global Solutions, predicted that intelligent cash forecasting would help branches run more effectively with the help of improved bank branch design and self service technology.

4. Diebold ATM is a glance at the future.

In January the company introduced a cloud-based ATM with touchscreen interface, cardless accesssibility and teh ability to operate across multiple end points (smartphones, tablets).

3. Wells fargo thinks BIG with Self Service ATMs.

With the help of self service technology and tablet computers, new branches are doing away with the traditional teller counter and placing their staff in open "intimate" invioronments where they can meet customers up close.

2. The Halo

Unveiled in May, the Nautilus Halo was set to replace the popular 1800 series. Taking design tips from Apple the sleek ATM features a recessed pin pad and larger screen.

1. Visa widens EMV to ATMs

In February, Visa announced a roadmap for EMV liability shift for ATMs that. The schedule shows that EMV requirements for VISA will be required one year after MasterCard's deadline for direct ATM acquirers.

2014 is your year to shine. What will you bring to the industry?

-ATMTrader

EMV Deadlines

For what seems to be a decade of rumors and speculation, EMV has been on the back of everyone’s mind in the financial industry. Is it really happening? If so when, and what are we supposed to do?

March 2012 was the famous deadline date to adopt the 2010 ADA Standards. Then, just over a year later, in April of 2013, POS and ATM Maestro Processors had to have the ability to support EMV transactions in accordance to MasterCard and Visa.

The upcoming year will be focused on both the Windows 7 software migration as well as the EPP7 requirement to remain PCI compliant followed by VISA's April 2015 liability shift deadline lingers over ATM acquirer processors to support EMV transactions.

As for ATM distributors:

Why you should choose to remember October

At this point the major deadlines fall during in the months of October for the next three years.

October 1, 2015 will be the time when Counterfeit card fraud liability shifts to merchants for POS Terminals. (Except fuel selling automated terminals)

October 1, 2016 will be the liability shift to ATM Owners for fraud committed through any Mastercard debit cards. Meaning we need to be EMV compliant by this date!!

October 1, 2017 will be VISA’s EMV deadline for the liability shift to ATM Owners in regards to fraud committed through Visa debit cards. This significant EMV liability shift date will also include Fuel selling terminals.

ATMTrader.com will keep you in the loop of the EMV migration, bringing you the latest and most relevant news regarding important dates on upgrades and compliance issues.

Counterfeit Fraud: how it works and how to prevent it

How does it start?

Fraud begins when a card has become compromised as a result of hacking or when cyber criminals are interfering with transactions online. Card skimming is the more classical form of fraud; a criminal can use a skimming device to obtain card information directly at a terminal using a card scanner that pulls information from any given card, which can be uploaded to any card with a magnetic strip and vuala! Your debit/credit card has been duplicated. With this data criminals have only a certain amount of time to utilize it before it is flagged. However, in Europe for example where EMV has been implemented there are only two options for a thief.

The first is to attempt card-not-present fraud which is usually accomplished online. However, because EMV has decreased fraud by 80% in regions that it has been adopted, it has been made clear that this option is being phased out. Card-not-present, or CNP has doubled in the last 10 years while card counterfeit and fraud has been cut in half. In the U.L. alone counterfeit card fraud has fallen by 75% since its peak in 2008, a direct reflection of EMV migration.

As an alternative, criminals may ship the card details to countries that do not have EMV implemented.  For instance, a good chunk of EMV fraud is taking place in the U.S. which is one of the l few countries left to adopt EMV.


Verifying and Executing:

The next stop for a criminal to carry out counterfeit fraud is to initiate a small test transaction. This may be equivalent to a couple of dollars so as to avoid any red flags. Next, the real fraud occurs. Once the criminal has verified the data is indeed usable, they start executing transactions at a significantly higher value.  Criminals can obtain a collection of these fraudulent cards and use them until the accounts linked to them are closed or frozen, at which point they simply move on to the next one.

 

At what point can fraud be stopped?

Fraud can be stopped at multiple stages.  Quite often, consumers take measures into their own hands to protect themselves such as, protecting their PIN and not letting their card get into the wrong hands at any point, which will prevent their card from being compromised in the first place.

As for financial institutions, their tasks for fraud prevention begin when any of the above details becomes compromised. Intelligent fraud systems can analyze relationship between compromised cards and where these were used prior to fraudulent transactions being attempted. This can help providers build up a library of information to pinpoint merchant locations where card details may become compromised, improving the chances of spotting when a fraud occurs in other potentially vulnerable cards.

The payment industry has the task of actually preventing fraud from occurring in the first place, which can be difficult to do without the fraudulent activity occurring in the first place and having to act before any losses are incurred. The key here is to establish as quickly as possible once a card has been compromised. The opportunity to do so is the test transaction that criminals offer before engaging in high value transactions, which boils down to the way intelligent fraud systems work by identifying unusual spending patterns, this is where red flags need to be raised.

If a card is used at a location that is known to be used to conduct fraudulent activity, a red flag should go up. Next, look for any unusually small transactions that may be used to avoid detection.  Fraud preventions systems should them be alerted to the possibility of fraud. And finally, when the small transaction is followed by a large transaction, providers have grounds to block the attempt.

However, in the real world these tips will not stop all fraudulent activity, as criminals generally mix things up to avoid detection the expression “you snooze, you lose” generally applies to them and they are in the business of making money. But with the right technology banks can keep them from getting away with your money.

-ATMTrader