Automated Teller Machine

ATM tips for Traveller abroad

noreply@blogger.com (WPstaff.com) — Wed, 13 Apr 2011 12:21:00 +0000

Traveling abroad incurs lots of expenses that we can’t avoid. In today’s modern world, credit cards and traveler’s checks make our vacations easy and worry free, but let’s face it: being armed with cold cash can save you in many a desperate situation and even save a potentially disastrous day. While credit cards are now accepted worldwide from big shopping malls to quaint little coffee houses, not all establishments accept them. For example, street vendors in Hong Kong offer numerous items from handbags to AA batteries to sunglasses and pillow cases, but they only deal with cash; a real silk scarf can be had in the bazaars in Istanbul, but only if you have the money to buy it with. This is precisely the reason why ATMs machines are like a shining beacon of hope to travelers making their way in a foreign country. Ask around among travelers and they’ll probably tell you that one of the first things they look for upon arrival at their destination is and bright, shiny ATMs.

These machines offer a solution to the eternal problem that faces a traveler in a foreign country: obtaining money quickly and without fear of getting fake bills or being shorthanded. Since you’re dealing with a machine, all transactions are done on a wholesale rate. What’s neat about ATMs is that you can find one practically everywhere, from airports to shopping malls, transport terminals, and sometimes even right inside a fast food chain. With the help of modern technology, ATM cards nowadays are treated somewhat like credit cards, meaning they’re “connected” within a network or a group of banks and can be used in over a hundred countries across the globe.

On the other hand, some travelers have to experience the unfortunate incident of popping their debit card into an ATM only to find out afterwards that not only does that particular machine refuse to give them cash, the entire country has been blocked by your card company because of widespread fraud in the area. Believe us when we say that there’s nothing more frustrating than standing in front of an ATM feeling helpless and undeniably cashless.

The problem of international fraud has gotten so bad that a number of countries in different parts of the world such as England, the Philippines, Greece, Thailand, Japan, Romania and Singapore have been blocked by different banks to prevent the occurrence of anomalous transactions. Depending on the bank’s predicted risk for a certain country, they can also opt to block certain transactions such as those relying on pin numbers, and those relying on signatures from account holders. Alas, banks aren’t required to keep their customers updated regarding the bans that are being implemented; that is because by keeping mum about the measures being taken against international fraud, criminals have a harder time of figuring out how much information the banks know about them and their operations. A good tip would be to check out your bank’s website and looking up which international debit cards are accepted in your destination before embarking on your trip.

Here are a couple more tips gathered from other tourists and also travel agents when it comes to using ATMs in trips to foreign countries:

1. Pack for all contingencies

Money talks; but that being said, you should always be prepared for all contingencies and bring along your credit and/or debit cards, and also traveler’s checks. If you’re handling cash, make sure you have both bills and coins so you won’t have a hard time asking around for some change to buy a soda from the vending machine, or to pay the guy at the food stall. Hard cash is handy because it can be used for everyday expenses such as food and transportation, but for bigger expenses such as paying for your hotel accommodation or buying plane tickets, using a credit card may prove to be faster and easier. Having five credit cards is also easier than stuffing lots of bills in your wallet, just make sure not to get carried away when you’re swiping your card or you might get a headache when you see your bill by the time you get home.

It’s also useful to have some traveler’s checks in your bag. This way, you can use them to pay for almost anything from clothes in the department store to your hotel accommodation, but not have to worry about losing a big amount when you accidentally lose them or get robbed.

2. In the event that an ATM is giving you a hard time, visit a nearby bank

Making a transaction via ATM these days sometimes feels like dealing with a real live person. You can choose which language you want to conduct your transaction; it asks you a question in which you give a corresponding answer; and it bids you goodbye after handing out the cash you asked for (some tricked out ATMs even have built in speakers). But as efficient as this can be, ATMs are still only machines that run on preconfigured programs. If you encounter a problem while trying to withdraw money from a machine, it is best to visit a nearby bank and ask for some assistance.

Lots of banks nowadays issue debit cards that also double as credit cards, so you can get cash advances on your card during emergencies. Admittedly, availing of this service will cost you a bit more because of the increased interest rates, but at least you know that a solution is just a phone call away.

3. Keep emergency contact numbers handy

We don’t want to jinx your trip, but there a number of things that can go wrong while you’re abroad such as your credit card failing to work. In moments like this, it’s useful to have your bank’s customer service hotline or e-mail address so you can get in touch with them and ask for assistance. If you’re signed up with an international bank, chances are they have toll free numbers that you can call for emergencies abroad. Having the contact information on hand will not only save you time but also effort as well.

4. Shorten your PIN

Not all banks have the same policies; others restrict their clients to four digit pin numbers, while some banks allow longer pin numbers for added security. In Europe, most ATMs are programmed to accept only four digit pins, posing a dilemma to a number of travelers. Before you set off on your romantic getaway, it’s a good idea to visit your bank and change your lengthy pin into a four digit one even just for the duration of your vacation. This way, you avoid any potential hassles you may encounter brought about by one small detail such as a pin number.

5. Get your PIN’s numeric equivalent

Some people base their PINs on letters that form words or acronyms to remember them easier. However, this may prove difficult when you’re faced with a keypad that has only numbers and no letters whatsoever. To save yourself the trouble of visualizing letters on a keypad fully aware that the line behind you is getting longer and longer by the second, translate get your PIN’s numeric equivalent before jetting off to a foreign country. At times, this may also prove useful against potential theft because in the event that someone may be trying to steal your PIN, memorizing a series of numbers is more difficult than remembering one word.

6. Don’t forget the contact details for your travel agent

If you’re in a foreign country and you feel utterly lost and helpless, one call to your travel agent back home can save your day. After all, who knows your destination, itinerary and budget better than your travel agent? Make sure that you get not only his or her mobile number, but the office number as well. That way, you’re still covered if your agent suddenly has an emergency of their own. Always remember that if they can’t directly help you, they’ll probably know someone who can and be able to track them down.

ATM Tips

noreply@blogger.com (WPstaff.com) — Wed, 13 Apr 2011 12:20:00 +0000

I recently had a bad experience with an ATM card that made me change how I use my card to get cash. This story might be timely as many people are traveling during the summer. My problem started when I used a different bank.

Last month I was in San Francisco and decided to make a trip to an ATM. Usually, I use my own bank so I don’t incur surcharges. However, I was doing a bunch of errands to get ready for my Dallas trip and decided another ATM was more convenient.

I inserted my ATM card into the machine and that was the last I saw of it. The terminal never provided instructions, but kept displaying advertisements. I hit various key combinations to try to get the machine to display instructions or eject my card.

I found the toll-free service number on the ATM and called for help. After speaking to the rep for 20 minutes, I was informed that I would not be getting my ATM card back. My first thoughts were that I wouldn’t be getting my card back that evening as no one knew when the technician would get to fixing that machine.

Actually, what the customer service rep was trying to tell me was that my card would be destroyed. This didn’t make me feel warm and fuzzy as I was flying out of town in two days. I was politely informed that this bank’s policy is to destroy any card that is lost in a machine that is not from the issuing bank. As example, if you lose Bank A's card in Bank B’s ATM, Bank B will destroy the card. Apparently, this is common practice.

At first, I was in disbelief that my card would be destroyed. It seemed like I was being punished. However, when you think about the policy it makes sense. It’s probably the best way to limit liabilities for the bank and customer especially if they don’t have my contact info.

I’ve probably used ATMs several hundred times and never had a problem. As a result of this incident, I will think twice about where and when I use my bank card. Here are some tips you might consider:

1. Use your bank’s ATM machines. This will limit your card getting destroyed if the ATM malfunctions and can’t return it.

2. Try to use the ATM during banking hours. Most banks can get access to their machines during business hours.

3. Store the service number that appears on the back of your ATM card either in your cell phone or PDA. You may also want to have your account number in a safe place too as many bank phone systems require you to enter your account number before speaking to a rep.

4. See if the ATM displays their customer service number. Yes, the machine will spit out cash without a decal. In my situation, the support rep gave me an internal phone number to reach that bank branch in the morning in case they retrieved the card.

5. If you do lose your card, contact your bank for a replacement card. Most likely you will get a new PIN in a separate notification.

I hope this scenario won’t happen to you, but it does raise some interesting questions. Would you have a backup card if you were traveling? Would you have the phone numbers you needed? I suspect the scenario is worse if you lost a credit card in the ATM machine.

Manner to use your ATM

noreply@blogger.com (WPstaff.com) — Wed, 13 Apr 2011 12:19:00 +0000

Try to memorize your PIN code and avoid writing it down on public access book, doing so on secret book.
Never tell your PIN to any third person, whether to family member, office staff.
Avoid using easily guessable numbers for your PIN code for example your date of birth, your phone number and others.

Change your PIN code on weekly basis.
Weekly check your account balance and bank statements if you find any problem, contact to your bank immediately.

Using an ATM

noreply@blogger.com (WPstaff.com) — Wed, 13 Apr 2011 12:18:00 +0000

Be careful when any strangers offer to help you at an ATM, even if your card is block by machine or you are experiencing difficulty with the transaction.

Check your surrounding any other person in the queue keep an acceptable distance from you.
Stand very close to the ATM and shield the keypad with your hand when keying in your PIN code otherwise any other person can guess your number.
Press the Cancel key on keyboard when you find the ATM is not working properly and withdraw your card. Avoid force your card into the card slot.
Always keep your printed transaction record so that you can compare your ATM receipts to your monthly statement.
If your card jammed in ATM, report this immediately to the bank.

Using ATMs (Automatic Teller Machines) in New York City

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:22:00 +0000

You're never far from an ATM in New York City

* Most ATMs charge $1-2 for the convenience of accessing your cash -- this is in addition to whatever your home bank might charge you.
* In addition to bank locations, there are often ATMs are located in pharmacies (Duane Reade, CVS), delis, fast food restaurants and hotel lobbies around New York City. It is rare in New York City that you would have to walk more than 2-3 blocks to find an ATM.
* Some grocery stores and pharmacies, as well as the US Post Office will let you get cash back with a purchase on your ATM card -- this can be a good way to avoid excess fees for small withdrawals (most places have a limit of $35-50 for cash back).
* ATM cards that are associated with a major credit card (Visa, Mastercard) can often be used as credit cards at restaurants and stores that may not accept regular ATM cards.
* Use caution when taking money out of an ATM -- pay attention to your surroundings and if there are any suspicious looking folks around, it might make sense to try an alternate location.

ATM Tips for International Visitors

* As long as your foreign issued credit card or bank card is compatible with the popular NICE or CIRRUS networks, you can easily withdrawal money using an ATM and your PIN code.
* Check with your bank or credit card company to find out what fees there are for foreign withdrawals. Banks frequently charge a currency exchange fee, in addition to a flat fee for making a withdrawal.

ATM Safety

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:21:00 +0000

24/7 cash withdrawals and ATM locations on every other corner have made banking more convenient than ever before. To safeguard these benefits, MCCU recommends taking these common-sense safety precautions:

Protecting Your ATM Card

* Keep your ATM card in a safe place, just like you would cash, credit cards or checks.
* Never leave your ATM card lying around the house or on your desk at work. No one should have access to the card but you.
* Notify MCCU immediately if your card is lost or stolen.
* Keep your Personal Identification Number (PIN) a secret. NEVER write it on your ATM card or anywhere else.
* NEVER give phone callers information about your ATM card or PIN. For example, if you receive a call from someone wanting to verify your PIN, do not give that information. Notify the police immediately.
* MCCU employees will never call you to ask you for your PIN.

Using an ATM

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Be aware of your surroundings, particularly at night. If you notice or sense anything suspicious, leave and go to another ATM.
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Have your ATM card ready and in your hand as you approach the ATM. Don't wait to get to the ATM and then take your card out of your wallet or purse.
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Use your body to "shield" the ATM keyboard as you enter your PIN, so no one can see it.
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Never count or visually display any cash received from the ATM. Immediately put it into your pocket or purse and count it later.
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Always take your receipts or transaction records with you.
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If you are using a drive-up ATM, be sure passenger windows are rolled up and all doors are locked. If you leave your car and walk to the ATM, lock your car.

Special Precautions for Using an ATM at Night

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Park close to the ATM in a well-lit area.
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Take another person with you, if at all possible.
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If the lights at the ATM are not working, don't use it.
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If shrubbery has overgrown an ATM or a tree blocks the view, go to another ATM and notify the financial institution.

How To Protect Yourself While Using An ATM

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:20:00 +0000

Try to avoid using an ATM by yourself. Either take someone with you or only use an ATM when others are around.

If possible, avoid using an ATM after dark. If you must, choose one that is well lighted and does not have tall bushes nearby.

When you arrive at an ATM, look around. If you see anything that makes you uncomfortable or anyone who looks suspicious, do not stop.

Either use an ATM at a different location or come back later. Notify the authorities.

Have your access card and any other documents you need ready when you approach an ATM. While you are fumbling with a wallet or purse, you are easy game for a thief.

If someone else is using the ATM when you arrive, avoid standing right behind him or her. Give them enough space to conduct their transaction in privacy.

Even while using the ATM, stay alert to your surroundings. Look up and around every few seconds while transacting your business.

Protect your Personal Identification Number (PIN). Do not enter your PIN if anyone else can see the screen. Shield your PIN from onlookers by using your body.

When your transaction is finished, be sure you have your card and your receipt, and then leave immediately. Avoid counting or otherwise displaying large amounts of cash.

As you leave, keep a look out. Be alert for anything or anyone who appears suspicious. If you think you are being followed, go to an area with a lot of people and call the police

Important Tips About Using ATM’s When Traveling

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:18:00 +0000

When traveling abroad it is best to plan correctly and budget your money wisely. Don’t over spend, but if this happens to you it is best that you keep an ATM handy. ATM or cash machines abroad may be different in terms of primary language but it is the same machines that you use at home so it will not be to difficult to use.

ATM/Debit Card Use on International Holiday

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:17:00 +0000

Using your ATM/debit card on an international holiday has become easier and easier. Thomas Talboy recommends that you use a card instead of traveler checks or cash bought from your local bank, in most circumstances. The cards are especially easy to use in Europe but are easy to use in South American and around the world. Ubiquity International agents

But you may still be caught off guard if you do not do several things before you leave the country.

1. Call your bank/card issuer fraud department and inform them that what countries you will be visiting and how long. Usually, you should do this within 24 hours of your departure.

Be broad: you may only be planning a trip to Italy but if you are in the north, you might just cross over to France, Switzerland, Austria or even Slovenia. Tell the bank you are going to Europe instead. Sometimes listing all countries that you intend to visit is good but be sure to say you might go elsewhere.

Give yourself a good amount of time to cover your trip: from the day you depart to two or three days after your return.

The last thing you want is your card to be blocked because of a fraud alert—some banks are really bad at informing you and it may take several international calls before you find out why your card was blocked.

2. Ask your branch what your POS and Cash limit are.

a. POS stands for point-of-sale. This is the limit of how much you can use your ATM/debit card (with an appropriate charge card symbol) for purchases.
b. Cash limit is the amount of cash you can withdraw in your own currency in a 24-hour period

An ATM/debit card comes to you with a pre-assigned limit, usually not connected to any actual cash amount you have in the bank. The limits are often POS: $500 and Cash: $300. Ask your branch to raise these sufficiently so that you can use the card to cover your needs. Since you want to use your card for taking local currency directly from the bank, I would recommend raising Cash to at least $500 but even would go up to $1000 just to be sure.

Since it is more common now to use an ATM/debit card with an appropriate symbol (VISA or MasterCard) for purchases, you want to be sure you can charge what you need to. Think of some last minute, higher cost purchases you might make such a rail tickets: two or three tickets at €200 can easily tip the balance of your POS limit.

Safety Tips for Using ATM

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:16:00 +0000

Using ATM is very convenient and this is the sole reason people prefer to withdraw money from an ATM instead of waiting in a long line inside the bank. It saves your time and energy. Moreover an ATM is open 24×7. So you can have access to cash whenever you need. Since its inception the popularity of ATM has touched the sky.

These days’ you can find ATMs everywhere starting from a street corner to a grocery store, a parking lot or even inside a hospital. They are located everywhere for your convenience. Using an ATM has become a part of our daily life.

However using an ATM has got some disadvantages. Those who constantly turn to ATMs don’t realize that there is risk involved in using ATMs frequently. It is risky because ATM robberies have become a popular crime. Almost everyone living in an urban area uses an ATM without even thinking that it can be dangerous if they don’t take necessary protection.

Here are a few tips that you can follow while using an ATM:

Avoid Using ATM Late at Night

The main advantage of ATM is that you can withdraw money 24×7. At the same time it can become a disadvantage. Unless you need cash very urgently avoid using an ATM late at night. According to statistics most of the ATM robberies take place between 8pm and 4am. It is easier for thieves to rob those who travel alone at the middle of the night with cash in their hands. Therefore it is better not to use ATMs late at night.

Avoid Being Alone

If a transaction at the middle of the night is absolutely necessary make sure not to go alone. It is nearly impossible to defend thieves alone especially if they are armed. Criminals tend to target those who are alone. So take someone with you if you go to an ATM to withdraw money at night.

Keep an Eye on the Surrounding

Try to keep your eyes open and be aware of what is going on in your surroundings. If you see someone watching you or following you it is better to avoid visiting the ATM. Never let strangers gather around you when you are carrying a good deal of money with you.

Call the Police If You See Someone Behaving Suspiciously

If you think that someone around is behaving suspiciously call the police immediately. Don’t allow anyone to stay inside the ATM when you are making a transaction. If the person is a technician who has come to solve any technical problem the machine is having, ask the person to show his identity card and license. Certified ATM techs always carry the license with them.

Remember these tips while using an ATM and you will be safe.

Tips for Being Safe at the Automatic Teller Machine (ATM)

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:15:00 +0000

Everyday in the local news and papers, you hear about crimes at the ATMs. Since the advent of ATMs, the convenience of obtaining cash 24/7 brings with it, the compromise of personal safety.

Very simply, a robber, intent on quick cash, needs only to stake out a local ATM to commit their robbery. Regrettably, a shooting of someone for his or her cash can easily change a robbery into a murder. Drug abusers who need money to buy more drugs commit many of these robberies. Not only are they desperate, but also are often sociopaths who have no regard for human life. Many of these robberies are committed in areas with low traffic and are poorly illuminated. Next time you use an ATM, do a quick assessment of the area to see if it meets this criteria. You would be surprised!

ATMs at, or inside banks are often the safest. Often ATMs at sports arenas, airports and malls are often equally safe. By planning ahead and using common sense, you can minimize your chance of being victimized. The following tips are provided to make your transaction at the ATM as safe as possible.

1. Try to pay a considerate amount of attention to the ATM and its surroundings. Use an ATM close to the center of a building, not in a corner. Corners are known for creating blind spots where someone can hide and easily escape after the robbery. Try to do your automatic banking in a well-lit, public area that is free of shrubbery, partitions or dividers. These are designed to be creative and decorative, but they also serve as hiding areas for a robber.

2. While conducting the transaction, constantly maintain an awareness of your surroundings throughout the entire time. Be cautious of people who offer to help you with your ATM transactions. Check to see if anyone is sitting in a parked car nearby. When you do leave the ATM, make sure you are not being followed. If you suspect that you are being followed, proceed immediately to a police or fire station, or to a well-lighted crowded public location or business.

3. Don't use an ATM that appears different looking or displays options that you have never seen before. There is illicit technology that slips over and integrates with an ATM's card reader, and designed to read and record all the information about your card, including pin number and 3-4-digit security codes. These machines are used for identity theft and unauthorized ordering of goods on the internet.

4. Never allow people to look over your shoulder while you enter your personal identification number (PIN). Memorize your PIN; do not write it on the back of your card. Never re-enter your PIN if the ATM consumes or retains your card.
If it does, contact your bank that issues the card to place an immediate stop on the card.

5. Try not to wear expensive or "flashy" jewelry while using an ATM.
This serves as an added incentive to a robber, who may do anything to grab or take your jewelry.

6. Make sure you wait until you re-enter your car and drive to a safe place before you count your cash. DO NOT COUNT CASH in PUBLIC!

7. Always have enough deposit envelopes at home to quickly conduct your transaction, minimizing the time that you are there. Fill out the paperwork prior to arriving at the ATM.

8.When using a drive-through lane, keep your engine running, doors locked and keep enough distance between the front of your car and the back of the car in front of you. This is to afford you the ability to maneuver around the car in front; thereby facilitating an avenue of escape.

9. Closely monitor your bank statements, either on line or through monthly statements for transaction you may not have made. Immediately report any problems to your bank.

10. If someone confronts you and demands money, COMPLY. Property can be replaced, your life cannot!
By following these simple measures, you should significantly reduce your chances of being robbed, or worst. Next time you do read or hear about a robbery at an ATM, see how these measures could have had an impact on the outcome. Crimes are often referred to as "crimes of opportunity". Take the "opportunity" out of your daily events to enhance your safety.

During my 30 years of police service to the community, I witnessed the shattered lives attributed to crime. Throughout my career, I learned a valuable lesson; Our safety and the protection of our families should be our primary concern!
Yours in Safety
Irv Gelbart

Visit us at http://www.pentagondefense.com or http://www.pentagondefense.com/catalog/taser-price-free-shipping-c-93.html toll free 1-866-490-1825 or e-mail to: orders@spycameras4sale.com

Article Source: http://EzineArticles.com/?expert=Irv_Gelbart

How to Avoid International ATM Fees & Keep Your Money Safe

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:14:00 +0000

In the United States banks typically charge a two to six dollar “transaction fee” when you withdraw from an ATM outside of their network, from a Bank of America machine using a Wellsfargo debit card for example. In your hometown this fee is avoided easily enough—withdraw only from your financial institution’s Starbucks-like ATMs on every corner.

Internationally, however, this is not an option.

There are many ways to reduce ATM transaction fees. Some suggest withdrawing the maximum (typically US $300) to minimize ATM visits and transaction fees. Others ask cashiers to charge their debit card for more than the total due in order to receive “cashback.”

Both of these techniques are problematic, especially when traveling by bicycle. First, it’s never advisable to travel with large amounts of cash. Three hundred dollars is a lot of money to keep in your backpack, the equivalent to a month’s salary in some South American countries. Theft is more likely when traveling with cash. Don’t ask me how, but thieves know when you’re concealing money in that super secret undergarment belt. Unnecessary stress is created because you constantly feel on-guard.

Second, the cashback approach is not always an option where you travel. In my experience in Latin America, few retailers will charge more than the total due for fear of fraud.

WHAT DO I SUGGEST?

1) KEEP YOUR CURRENT BANK ACCOUNT. If you’ve been with Wellsfargo or Bank of America for years, don’t drop them. Besides the likely Billpay services, mortgages, loans, etc. connected to your account, there are benefits to being a long-time customer (e.g. they’ll drop certain charges if you complain to a manager). Get an ATM debit card through your current bank. This will be your back-up card.

2) OPEN AN ETRADE ACCOUNT. From this account you can transfer money online to any number of accounts, including to the one connected to your current bank’s ATM debit card. DO NOT connect this Etrade account to an ATM debit card.

3) OPEN A CHARLES SCHWAB INVESTING CHECKING ACCOUNT. Why? Because this bank DOES NOT CHARGE FOR INTERNATIONAL ATM WITHDRAWLS. Ok, that’s a lie. Actually, they reimburse all transaction fees at the end of each month. Without fail. I don’t worry about carrying too much cash, where I’ll get cashback, or which ATM to use. I simply go to any ATM when I need money. Charles Schwab customer service is great too. When I lost my debit card in Colombia—it fell out of my pocket—they sent a new one to Bogota. Free of charge.

WHY THREE ACCOUNTS?

Just as it’s unwise to walk around with a hard three-hundred cash, it’s plain stupid to keep all your money in one debit account. ATM fraud and online hackers are real threats. I’ve met two Americans in Brazil who lost over US $30,000 because they were careless with their ATM accounts (this is not the norm but apparently happens).

Keep your savings in the Etrade account where it cannot be accessed via an ATM, then periodically transfer money to your main Schwab ATM debit card when necessary. (If transferring money on a public computer, clean the history/cookies afterward). Keep a small amount of money (around US $200) in the account connected to your current bank’s ATM debit card. Maintain this back-up card separate from your main Charles Schwab debit card. Since you’ll be charged up to US $6 per withdrawal, only use the back-up card if your main card goes missing.

This technique has saved Team MB&S money on transaction fees throughout South America; however, you may also want to look into the Global ATM Alliance.

Reduce ATM Fees

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:12:00 +0000

Automatic Teller Machine (ATM) fees are nothing more than a convenience fee, much like paying more money for food at your local convenience store.

While most people realize that it doesn’t bode well financially to do all their grocery shopping at a convenience store, many see no problem at all using ATMs whenever and wherever they like.

The average person pays over $60 a year in ATM fees. If you have not checked the banks (and credit unions) around you regarding ATM fees in the last 6 months, it will pay to do another search. There have been a number of banks that have been reducing their ATM fees in recent months. Yesterday Citibank announced it has inked a deal with 7-11 to make thousands of ATMs in 7-11 stores no-fee ATMs for their customers. Last month Sovereign Bank made a deal to place 900 ATMs in CVS pharmacies in the Northeast with their customers not having any ATM surcharges.

Taking the time to find a bank or credit union that has no-fee ATMs in the locations where you most often take money out can go a long way to reducing the amount you pay in ATM fees. For those of you that still can’t find surcharge free ATMs in your area, here are some other ATM fee reduction hints that may help out. Be sure to keep an eye out for more banking announcements for no charge ATMs.

Tips: ATM, Debit Card Safety

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:11:00 +0000

To launch ATM and Debit Card Safety Awareness Month, PULSE offers tips to encourage consumers to remain vigilant about safety while using debit cards at ATMs and point-of-sale terminals.

“The recession has prompted consumers to use their debit cards more often than other payment methods, but with frequent use comes the increased potential for fraud,” said Jim Cichy, PULSE vice president of fraud management. “To keep money safe and secure, consumers need to better understand how to work with their financial institution to combat security compromises and fraudulent use of financial information.”

* To enjoy the many conveniences of debit and reduce the risk of becoming a victim of fraud, consumers should keep these recommendations top of mind:
* Keep your PIN a secret: Memorize your personal identification number (PIN), never write it on your card or store it with your card. Never let someone else enter your PIN for you. Many security experts recommend changing your PIN often and using different PINs for different accounts. These are steps that make it more difficult for criminals to use your card if it’s lost or stolen.
* Do not disclose information about your card over the telephone: No company or individual should ever ask for your PIN, not even your financial institution. If you perform transactions over the telephone using your debit card, never disclose your PIN.
* Never disclose information about your card in response to an unsolicited e-mail or request: E-mail is a common channel for perpetrating fraud. Never provide your debit or credit card number, PIN or any other non-public personal information to any entity in response to an unsolicited e-mail or request. Your financial institution will never send you an e-mail asking for your PIN.
* Make certain your Internet shopping sites are secure: Look for secure transaction symbols when shopping online to ensure your account information is protected. These include a lock in the lower right corner of your browser window and a web address that begins with “https.” Always log off from any site after you make a purchase. If you can’t log off, close the browser to prevent unauthorized access to your account information.
* Report a lost or stolen card at once: Immediately call your financial institution if your card is lost or stolen to reduce the chance that it will be used improperly. Immediate notice of lost or stolen cards will also limit your potential liability for unauthorized transactions.
* Review your account statements for unauthorized transactions: Review all account statements from your financial institution promptly, and report any errors (including transactions you believe may be unauthorized) as soon as possible. Most financial institutions offer secure online access to accounts. Online access to checking accounts can help you spot suspicious activity quickly. Prompt notification will limit your potential liability for unauthorized transactions.
* Protect your card’s magnetic stripe: Do not expose your card’s magnetic stripe to magnetic objects. Magnetic objects can damage your card.

Advanced Technology Video

Additional measures you can take include:

* Never allow a cashier or any other person to enter your PIN for you, even if they are assisting you with the transaction.
* Block the view of others when using an ATM or PIN debit terminal.
* Be certain your ATM or debit transaction is complete and review your receipt before leaving.
* If you receive cash back from a transaction, put it away before leaving.
* When using an outdoor ATM or debit terminal, such as a gas station, always observe your surroundings before making a transaction.
* When using an outdoor terminal, if anyone or anything appears to be suspicious, leave the area at once.
* If an ATM appears to have any attachments or alterations to the card slot or keypad, do not use it; report the tampering to the ATM owner immediately.

ADT Safety Tips: Safely Using an ATM

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:06:00 +0000

ADT Security Professional Offers Tips To Help Consumers From Becoming Victims of Robbers Targeting ATMs

BOCA RATON, Fla., March 3 /PRNewswire/ -- The more than 420,000 automated teller machines (ATMs) in the U.S. and Canada provide a tremendous convenience to consumers, allowing them to withdraw cash anytime of the day or night. But they can also attract robbers looking for easy prey.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090303/LA78154-a)

(Logo: http://www.newscom.com/cgi-bin/prnh/20090303/LA78154LOGO-b)

According to figures from the U.S. Department of Justice, losses from an ATM robbery average between $100 and $200. Also, about 15 percent of victims are injured during the robbery.

Hank Monaco, vice president for ADT Security Services, which helps to protect half of the country's top 50 national and regional bank holding companies, said it is possible to significantly reduce your chances of becoming a victim.

"Anytime cash is readily available, you will find criminals looking to take advantage - ATMs are no exception," Monaco said. "But by being aware and using common sense you should be able to conduct your business safely."

According to one ATM service organization, the majority of Americans between the ages of 25 to 49 use an ATM an average of eight times a month. Monaco offered these safety tips for all Americans and Canadians who use ATMs.

* Pay close attention to your surroundings. Make sure the area around the ATM is well lit and not hidden from the road by landscaping, decorative partitions or buildings. If anyone looks suspicious in the area, use an ATM at another location or come back later.
* When possible, use ATMs during the daytime. Most ATM robberies occur at night, with the highest risk between midnight and 4 a.m.
* If possible, take a friend with you to the ATM or use it when there are other customers in the area. Most robberies are committed against a single victim by a lone robber.
* If while using an ATM you feel a person behind you in line is too close, ask him or her to step back. If he or she does not, cancel your transaction and come back later.
* Limit your time at the ATM. Fill out transaction paperwork in your car and have your ATM card and other documents ready as you approach the ATM.
* Do not withdraw large amounts of cash. After making a withdrawal, immediately put it into your wallet or purse before leaving the ATM.
* When using a drive-up ATM, keep your car engine running, the doors locked and all windows up except for the one you are using. Leave enough room to maneuver between your car and the one ahead in the line.

If, despite following these tips, you are still confronted by a robber, Monaco said you should comply.

"Security experts emphasize that you should never fight with the robber," he said. "Note the robber's description as you give him the money. Then get away as soon as it is safe and call the police."

About ADT Security Services

ADT Security Services is a unit of Tyco International and part of ADT Worldwide, the world's largest security provider. In North America, ADT provides electronic security services to nearly five million commercial, government and residential customers. ADT's total security solutions include intrusion, fire protection, video systems, access control, critical condition monitoring, home health services, electronic article surveillance, radio frequency identification (RFID) and integrated systems. ADT's government and commercial customers include a majority of the nation's Fortune 500 companies, all U.S. federal courthouses and over 70 mid to large airports. Headquartered in Boca Raton, Fla., ADT has more than 24,000 employees at approximately 240 locations in the U.S. and Canada. More ADT information is at http://www.adt.com

Integrated SmartBox ATM - What Is It?

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:04:00 +0000

Today, problem of limited cash withdrawal at ATM machine has been solved by Sightline Payments. Sightline has developed a suite of topnotch products for the US Gaming market. Sightline has taken a well known approach to cash access and ticket redemption solutions, that contain ticket redemption and bill breaking kiosks, ATM, credit and debit cash advances, and check warranty services.

Most ATM machines limit your withdrawal of $300-$500 daily. This is an inconvenience for individuals who love to play at casino anywhere in the world. For a security reason, most of them don’t carry a big amount of cash. They want to withdraw at ATM machines inside the casino premises if ever they need more money. However, the problem is, they are limited only up to $500 daily. That is only a problem in the past. Read what Kirk Sanford says, President and CEO of Sightline Payments.

“Our competitive advantage simply boils down to better products and better service for less money. We are a new company, but, certainly not new to the industry. Our management team has more combined gaming payments and ticket redemption experience than any other company in the business.” Sanford added “This experience has afforded us an opportunity to design and architect our systems, products, internal processes, and services from the ground up based on the latest and most reliable technologies without inheriting legacy systems that are expensive to manage or not flexible to meet the needs of our prospective customers.”

Excellent products like Intergrated SmartBox software allow the client to get a debit or credit cash advance when they’ve received a turndown message. The Integrated SmartBox technology is configurable to help any type of deal a casino client would desire, that’s included ATM, credit and debit cash advance, check warranty, and ticket redemption. SmartStation is also one of their excellent products, it is a web based application for cage cashier personnel that improves cage work flows, improves compliance reporting, and lowers operator’s costs. A unique concept.

Using Your ATM card in Europe

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:03:00 +0000

It used to be that the savvy European traveler loaded up on free Traveler's Checks before getting on the plane, fully expecting to stand in a long bank line to cash them every few days. Not anymore. ATM use, once the value leader in money conversion for travelers, has all but decimated the Traveler's Check industry.

The bad news is that the banking folks noticed. Like in a loony cartoon you could imagine huge dollar signs popping into their eyeballs as they read the reports of money flowing out of European ATMS. Fees were quickly added to enrich the coffers. Still, although those fees have made it more expensive to use a credit or debit card to get cash from an ATM in Europe, it's still the least expensive and most convenient way to get local currency.

So don't be afraid to use your card to access cash at a European ATM. If you're looking for a card to use in Europe, check out the Currency Conversion fees (current as of May 13th of this year) by using the link in the box to the right. Then use our ATM Finder links to make sure there's an ATM where you're going (they are numerous; I've never had a problem getting money in Europe).
ATM tips and strategies

* Shorten your PIN. If your PIN is longer than four digits, you may need to get a new number. Many foreign machines don't like longer codes or letters in a PIN. You can get letters translated to numbers by asking your bank.
* Max it out. Making many small withdrawals increases the number of per transaction fees. Get as much as you can and stash it in a safe place.
* Don't get dependent. If you're nearly out of cash get replenished at the first opportunity-don't wait until you end up in a cute little burg with only 1 malfunctioning ATM. They do run out of money at times.
* Test it! Make sure your card works. Don't just rip it off its paper backing and stuff it in your money belt on your way to Munich--try it out in an ATM at home first.
* Know your numbers. Make sure someone at home who's accessible while you're on vacation has your credit card info. I mean someone you trust, of course. Make a copy of your card and take it with you--and keep it in a different place from where you carry your card.
* Take two, ya never know. Have a different card so that you have a backup. Make it a different bank so you'll have access to more machines.
* Watch out for weekends. There have been reports that some European banks don't update their databases over the weekend. That means that if you've withdrawn the max on Friday, you may not be able to get more money on that card until Monday morning.

Alternatives to the credit or debit card: Prepaid or Stored Value Travel Cards

One option that some people find attractive is the prepaid card. The principle is this: you plan your travel expenses, add a little for unseen expenses, and put that amount into an account accessible by the travel cards you order. You aren't borrowing the bank's money--you're just making your money available through ATMs. A popular card is the Visa TravelMoney Card. A variation of this card is also available through your local AAA.

Advantages of a Stored Value Card:

* No credit check needed, since you're using your own money.
* You can get cards for the whole family, and have control over the spending limits of each.
* Uninterrupted access to your funds if your card is lost or stolen when you take a second back up card with you.

The last word: What currency items I take to Europe

Ok, so you're all set for your attack on European ATMs. You've got a couple cards and a plan. Doncha feel just a little shaky about the whole thing?

I know I do. Sure, folks tell me there's always a functioning ATM in the airport. Why bring any cash at all? And traveler's checks--they're so, well, 90s!

I tend to bring a couple hundred dollars of the first local currency I'll encounter. Sure, in my bleary-eyed, jet-lagged state I could amble over to the ATM while my bags tumble off the conveyor belt and get money. It's just nice to know I can function in a country right off the plane, without any surprises.

I also take about 500 dollars worth of traveler's checks I get free of fees from my local AAA. I don't even try to cash them. They're just there for security reasons; it's a light backup. I usually end up spending them later in the US before they've gotten so soiled and wrinkled from being carried around you can't read them.

So that's it. Enjoy your trip to Europe. And be sure to tell us about it by posting a trip report in our forum.

Watch for hidden ATM, credit-card, and exchange fees.

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 15:00:00 +0000

Cards:

Many banks and credit-card issuers are now gouging their customers with "conversion fees" and other surcharges on foreign transactions.

Also, prepaid "traveler's cheque cards" can make you feel like the victim of a Parisian pickpocket when you see how little money is left over after you've paid the fees.

Cash:

Currency-exchange commissions and fees can be mind-boggling, so get your cash from ATMs when you can. (A while back, we saw that a Travelex office in Venice was charging an 8.5% commission to change U.S. dollars or pounds sterling into euros, plus a €3,50 handling fee.)

Also, take claims of "no commission" with a grain of salt: The exchange counter may not be itemizing its percentage, but you can be sure that a hefty profit margin is built into the quoted exchange rate.

Using ATM & Debit Cards Home and Abroad

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 14:59:00 +0000

There is nothing more frustrating in the world than not being able to get your hands on your own money. When traveling, the frustration mounts even more because you may have to make expensive international calls to banks at 1am local time to resolve a simple issue. Here are a few tips on how to handle using ATM's in the U.S. or across the ocean.

ATM's are usually the best way to obtain money in any land. ATM's with the Cirrus or Plus logos are universally accepted and finding one in a foreign locations is usually easy, as they are plentiful around the world. ATM's exchange rates are based upon the wholesale exchange rate and that is usually a better rate than local exchanges offer. It's also simple and immediate - no questions asked. But what happens when you can't get the machine to deliver your money? Or your cheap hotel doesn't accept debit cards?

Many people are unaware that due to prevalent fraud in certain countries, ATM debit cards access in certain countries is 'shut off' by certain banks. Currently, countries like Romania, Thailand, Japan, the Philippines, Turkey, certain former Russian and Slavic countries and even in England no longer allow debit card access at ATM's. Though it is not ALL banks in all these countries, it still means you may or may not be able to access your money. And this list is not complete by any means - countries and regions can be added at any time. Some banks will allow signature based transactions but some won't and this of course means you have to go when they are open. Some won't allow PIN based transactions either. Some ATM's also don't recognize more than 4 digits of a PIN.

Here's a couple things you can do however to make sure you don't run out of money when you really have money.

Make sure you only have a 4 digit access code when traveling overseas. You can contact your bank to ask for a PIN re-set and then set it back again when you return. If you have a letter based PIN, convert it to a number based PIN as some ATM's overseas are numerical based, not letter based.

Tell your bank you are going overseas and not to be alarmed if they see transactions suddenly spring up in Europe or Asia and give them the date you are going to return. Banks have been known to deny legitimate charges upon return to the US because the cardholders bank doesn't know they are no longer overseas.

Take a certain amount of cash with you plus traveler's checks and credit cards in addition to your debit card. This way you have a variety of options.

Lastly, take along your bank contact information in casing you need to contact them in an emergency.

These simple steps may avert a disaster during your vacation or trip.

David C. Reynolds is a longtime veteran of the Hotel business who offers common sense, money saving advice on how to find rooms, booking hotels as cheap as possible, travel and ground transportation tips, understanding reviews and occasional destination 'specials'. If you would like a free copy of his e-book (or MP3) Hotel Reviews: Finding and Understanding or see more travel tips, go to his blog at http://www.bookhotelscheaper.com and sign up in the box on the top right. For a comprehensive book on how to find the cheapest rate a hotel offers, go directly to http://www.cheaphotelforyou.com and order the ebook or MP3.

Article Source: http://EzineArticles.com/?expert=David_C._Reynolds

ATM Tips

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 14:56:00 +0000

Here are some things you can do to protect yourself from fraudsters, courtesy of the Global ATM Security Alliance and the Waterloo Regional Police Fraud Branch

Choosing A Bank Machine:

* Use ATMs with which you are most familiar
* Notice if anything looks unusual or suspicious about the ATM indicating it might have been altered. If the ATM appears to have any attachments to the card slot or key pad, do not use it. Check for unusual instructions on the display screen and for suspicious blank screens.
* If you suspect that the ATM has been interfered with, proceed to another ATM and inform the bank or the police if after bank hours
* Avoid ATMs that have messages or signs fixed to them indicating that the screen directions have been changed, especially if the message is posted over the card reader
* Banks and other ATM owners will not put up messages directing you to specific ATMs, nor would they direct you to use an ATM which has been altered.

Using A Bank Machine:

* Be especially cautious when strangers offer to help you at an ATM, even if your card is stuck or you are experiencing difficulty with the transaction. You should not allow anyone to distract you while you are at the ATM.
* Be on the look-out for individuals who might be watching you enter your PIN.
* Stand close to the ATM and shield the keypad with your hand when keying in your PIN
* Never force your card into the card slot
* Keep your printed transaction record so that you can compare your ATM receipts to your monthly statement
* If your card gets jammed, retained or lost, or if you are interfered with at an ATM, report this immediately to the bank and/or police using the help line provided or nearest phone.

Managing Your ATM Use:

* Memorize your PIN
* NEVER disclose your PIN to anyone, whether to family member, bank staff or police.
* Do not use obvious and guessable numbers for your PIN like your date of birth
* Change your PIN periodically, and, if you think it may have been compromised, change it immediately
* Set your daily ATM withdrawal limit at your branch at levels you consider reasonable
* Please note that you should show the same precautionary care when using your card(s) at a POS (point of sale) pinpad terminal.

9 Important ATM Card Travel Tips

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 14:53:00 +0000

1.
An ATM. In Swedish: "Uttagsautomat." German: "Geldautomat." French: "Guichet automatique." Hebrew: "כספומט." And in Japanese: "現金自動預け払い機."

An ATM. In Swedish: "Uttagsautomat." German: "Geldautomat." French: "Guichet automatique." Hebrew: "כספומט." And in Japanese: "現金自動預け払い機."

The best way to obtain cash overseas is with an ATM card.
Use an ATM to benefit from the wholesale exchange rate banks use for large scale transactions. Since it has become more difficult to cash traveler’s checks in many countries, ATM debit withdrawals and cash advances from major credit cards have become more common. It’s the easiest way to obtain currency of the country where you withdraw — provided the country has a modern ATM network.
2. Contact your bank before you go to let them know you will be traveling.
If your ATM card also works as a Visa, check card, or other type of credit card, your bank probably has automated fraud protection in place. Unless you contact your bankers to let them know you will be traveling, they may automatically suspend your card if unexpected foreign transactions are made.
This is great for protecting your money from credit card fraud while you’re at home, but you don’t want your card to be suspended while you’re traveling. Call your bank’s customer service number in advance of your trip. Tell the representative you will be traveling and need to make sure your card’s anti-fraud feature doesn’t prevent you from having access to your money. Ask the representative to make a note of what countries you will be visiting and on what dates you will be there.
If your bankers are doing their job, this should prevent any interruption of access to your funds.
3. Check cash advance and ATM policies
To use an ATM card overseas, check your card’s network and find out if this network is available in the country you’re visiting by asking your bank for a worldwide directory. If the networks match, your card may work overseas.
4. Be sure to check with your U.S. bank to see if your PIN will work abroad and if there are charges for using a foreign ATM. Most banks charge a small additional fee for using an ATM abroad.
5. To locate ATMs worldwide, visit either of these websites:
* www.mastercard.com/atm
* visa.via.infonow.net/locator/global/
6. Keep in mind that some banks will levy additional foreign transaction fees.
Cash advances from credit cards are usually subject to interest charges from the day of withdrawal, and at higher interest rates than those used for credit purchases. However, other than the transaction fee, there are no interest charges for an ATM debit card withdrawal.
7. Be careful with ATM & credit cards
Aside from protecting your cards from theft and making sure they will work overseas, it’s important to protect the physical card, because replacements are extremely difficult to get while traveling. The most common physical problem with credit cards is de-magnetization.
De-magnetization Facts & Myths
Protect the black magnetic strip on your card from being de-magnetized. Avoid letting your card touch or sit for too long close to the following items:
* Demagnetizing pads used in stores to turn off the security strips in new books, DVDs, and music
* Refrigerator magnets
* Speakers (speakers, headphones, and microphones all contain magnets)
* Some cell phones
* Magnetic clasps on wallets and purses
* Some security screening machines. Airport x-ray machines are completely safe, as they do not contain magnets. Airport walk-through metal detectors are not normally a problem, but the hand held detector wands used in hands-on security screenings might be strong enough to damage a magnetic strip.

To be safe, ask the security guard to give your card safe passage around the gate at the airport, or send your card through the x-ray machine instead of the metal detector.
8. Bring a duplicate card
Some card companies will provide a duplicate card at time of issue, while for others you may need to request one at a small fee. Either way, bringing a duplicate card and keeping it in a separate place from the original is a smart way to avoid being without a card while abroad.
9. Leave personal checks at home
Be aware that personal checks generally are not accepted overseas. There may be a few exceptions, but don’t count on it. Due to currency exchange rates and check cashing fees, nearly all overseas merchants will refuse personal checks.

Tips and Tricks For Managing Your ATM Machine

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 14:51:00 +0000

ATM machines are now commonplace on the high street and in independent stores but how do you get the most from your teller?

In the day and age of widespread ATM use, it's not uncommon for shop owners and independent retailers to offer their customers the opportunity to withdraw funds there and then in store. When dealing with customers and money it's important to maintain a thorough and professional approach at all times. Providing a smooth running and reliable service will instil confidence not only in your store, but also in your capabilities as a manager or owner.

ATMs are expensive to purchase but once you've done so it's important to keep your machine running effectively. Regular servicing and cleaning will ensure you get the most out of your machine in terms of longevity. Staying up to date with the latest features will also allow your machine to remain state of the art; falling behind in developments can pose problems should a part become discontinued.

Large amounts of cash on a premise naturally attracts villains so its advisable to create as safe an environment as possible for your ATM. Naturally, ATMs are sturdy machines that are difficult to break into but you can do more to ensure the safety of you and your employees. CCTV is a straightforward option that not only acts as a deterrent, but will also capture valuable footage should the unthinkable happen. Using a security firm to transfer money is also worth investing in since money is at its most vulnerable during transit.

Finally, as technology in ATM production and software evolves, it's recommended that any ATM does their utmost to stay up-to-date with the latest in ATM software. Falling behind in ATM software developments can be risky in terms of security and the safety of users' personal information.

Furthermore, the latest in ATM software provides a platform for 'chip and pin' (now an industry standard), multilingual platforms and other services such as balance enquiry and mobile phone top-up, all of which are attractive features to customers.

Whether you're already an ATM machine owner or are considering investing in one, make sure you stay up to date and on top of maintenance to get the most from your teller.
Read more at http://www.articlealley.com/article_1663553_15.html?ktrack=kcplink

ATM & Debit Card Tips

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 14:50:00 +0000

One of my more-frequent topics on this blog has been the use (and misuse) of ATM and debit cards. I have ATM/debit cards on all my bank accounts, but anymore, I use them only for ATM deposits and withdrawals. Purchases, monthly bills, and everything else earn the use of either my credit cards, checkbook, or automatic electronic withdrawal.

This month my credit union's account statement included a flyer discussing the use of ATM and debit cards. They laid out "Four Rules of Debit Card Use," and given my personal experience, I found them to be pretty darn on-target. Here's how it went:

Always have another form of payment available.

I'm glad this was their first "rule," because it's Number One in my mind, too. "Another form" could be credit cards, cash, travelers' checks, or whatever. Actually, I'd recommend always having at least two forms of payment available, no matter what your first choice may be.

Let's face it: All types of payment cards can become demagnetized or compromised inadvertently. And never think the payment network systems are infallible, because they aren't. Network or phone problems could cause your cards to be denied, too. (Usually at the worst possible time.)

If your ATM/debit card suddenly does not work, your card may have been compromised.

According to my credit union, they immediately cancel debit cards as soon as they're notified by VISA that the card may have been compromised. You, the customer, will likely not be notified so quickly.

"We apologize for this inconvenience," they wrote. "We do also immediately order a new card and PIN. We try to notify all members whose cards have been compromised."

Notify your financial institution before traveling to another state or country if you will be using your ATM/debit card.

"VISA alerts us when cards are used outside of the normal usage areas," the flyer read. "If we cannot contact you, we may suspect fraud or theft and cancel your card, thus causing you inconvenience. By notifying us of your travel plans, we can better serve you."

Pretty much says it all, I think.

Be aware of the daily purchase and withdrawal limits.

Man, if I could get people to grasp this concept, I'd be on Cloud Nine. I have yet to come across a bank or credit union who doesn't have daily limits on debit-card purchases and withdrawals. But at least once per month I run into a customer who's unaware of their bank's policies, and who blows a gasket when the payment network DENIES their $839 debit-card charge to pay for a repair bill.

Keep in mind, too, that the "purchase limit" and the "withdrawal limit" are likely not the same amount. In my credit union's case, their daily purchase limit is $1,500. The daily withdrawal limit (like via ATM), though, is only $500.

So if you're not sure what your debit card's limits are, grab the phone and find out. Do it yesterday.

Sure beats having two blown gaskets — the one in your car, and then the one in you when you can't pay the bill!

10 Tips to Improve ATM Security

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 14:46:00 +0000

Last weekend, two TD Canada Bank customers discovered skimming devices on ATMs at separate branches in Calgary, Alberta. Both skimmers were affixed to the ATMs' fascia.

TD Financial Group spokeswoman Jacqueline Burns could not confirm if the ATMs were through-the-wall or lobby terminals, but she did say both were located at bank branches. The discovery highlights the critical role customer and employee education play in the fight against fraud. "We have been working really hard to educate our customers and employees," Burns says.

Mike Gervaif, an investigator with the Calgary Police Service's Economic Crime Unit, focusing on POS and ATM skimming crimes, says consumer education has been a focus for financial institutions and law enforcement. "Skimming is prolific across Canada. The TD Bank incident is not isolated," Gervaif says. "But our PR efforts and getting the word out to consumers is making a difference."
The Human Element
Canada's move to the Europay, MasterCard, Visa, or EMV standard , expected to be completed by 2015, should curb the escalation in skimming, Gervaif says. EMV, a standard already in use throughout most of Western Europe, calls for replacing magnetic stripes with radio-frequency chips on debit and credit cards.

U.S. banking institutions and merchants also are taking hits from increases in skimming. While the United States has announced no plans to move to EMV or chip-and-PIN technology, more investments are being made in security solutions and approaches.

Multilayered security methods are the most effective, says Wes Wilhelm, a senior analyst at Aite Group LLC, where he covers fraud management, payments and retail banking technology and operations. "I think most institutions are considering all ATM security concerns, but the key is how many layers and how well those layers work together."

The critical role the human component plays cannot be overlooked, he adds. As the TD Canada Bank example proves, consumer and employee education have to be part of ATM security best practices. "Service technicians and third parties who come out the ATM to replenish cash should be inspecting the reader for skimming devices," he says. "Employees also should conduct random checks."
Top 5 ATM Security Tips
Wilhelm's tips for improving ATM security include:

1. Scheduled and random physical checks of ATMs by branch staff and technicians;

2. A detection system that senses and sends an alert -- and/or takes the ATM offline -- when anything is attached to the card reader, keypad or fascia;

3. Jitter technology, which uses a start-stop motion when a card is inserted;

4. The use of software/behavioral analytics that recognize anomalous or out-of-character behavior for the cardholder or a terminal . "I call it 'collision' analytics -- when two things occur at once that don't make sense," Wilhelm says, such as a card being used at an ATM that the cardholder never or rarely visits, or withdrawal amounts and transaction times that are not consistent with the cardholder's patterns;

5. Reliance on a jamming mechanism, which detects, via an electromagnetic field, when a skimmer is placed on an ATM and "jams" or disables the skimmer.

Wilhelm also recommends greater protection of ATM vestibules. As the security on ATMs increases, so too should the security for access readers on ATM vestibules. "They can skim card data from the access reader and then get the PIN with a camera at the ATM," he says. Banks and credit unions should also regularly check vestibule log files, to track who's accessing the ATM and when.
Skimming: Yesterday's News?
Nicholas Percoco, the senior vice president and head of SpiderLabs for Chicago-based Trustwave, an information security company, says skimming is no longer an ATM's greatest security threat -- rather, physical injection of malware is. SpiderLabs focuses on forensics, ethical hacking and security testing on ATM and other financial systems.

While Percoco says banks and credit unions cannot turn security efforts away from skimming, they should not ignore the ever-growing threat of malicious software invasions. "Criminals physically attack the ATM software and then obtain the data," he says. Basically, fraudsters physically approach the ATM and infect it with malware saved to a USB thumb drive. A similar vulnerability, most prevalent in the retail/off-premises market, was highlighted at the Black Hat security conference last month.

4 tips to protect you from ATM thieves

noreply@blogger.com (WPstaff.com) — Wed, 15 Dec 2010 14:44:00 +0000

ATMs are under siege more than ever from skimming. Skimming, where ATM thieves steal your PIN and account number using remote devices, is increasing dramatically. Often done by sophisticated crime rings from the Eastern bloc countries, ATM skimming is becoming a high-tech art that's hard to detect.

That's bad news for consumers. Experts say that losses from skimming are approaching $1 billion. Nearly one in five fraud victims reported having their credit card PIN or debit card ATM PIN information stolen in 2009, according to Javelin Strategy & Research. And Robert Vamosi, an analyst handling risk, fraud and security at Javelin, sees ATM skimming continuing to rise this year and next.

"Consumers aren't aware of ATM tampering," he says. "ATMs have 40 years of trust."

Skimming isn't new. It's been around for at least 10 years. What has changed is that the "technology of the bad guy is getting better and better every year," says Robert Siciliano, a security expert based in Boston. "It's up to consumers to watch their own backs."

Typically, ATM thieves use two devices to capture your PIN and card data. One device sits near where you swipe your card and reads the magnetic stripe on your card with your account number. Even more confusing, the device mimics the card slot. "The technology has evolved to a point where the molded plastic fits like it belongs there," says Siciliano. Devices are even readily available over the Internet for as little as $300.

A camera, hidden from view, captures the PIN. "You can get the data in real time," says Siciliano. "You can be in your car with a laptop remotely accessing the device."

Thieves then burn the data onto a blank card to access your money.

U.S. Secret Service spokesman Max Milien wants consumers to be warned. "The public is notified after an event," he says. And don't take bank security for granted. Fraud can occur at any bank in any part of the country. Thieves are even sending out false text alerts to get consumer data.

Banks, they say, are slow to adopt anti-skimming measures. When Javelin surveyed 25 banks, four stood out, though, for their anti-theft measures. They are Bank of America, Chase, Citibank and Wells Fargo.

Experts add that debit card users are most at risk. Typically, consumers must report fraudulent charges within two days, limiting your liability to $50. If you report ATM skimming fraud within 60 days, you're liable for the first $500 of any transaction. Siciliano adds that thieves carefully orchestrate ATM withdrawals, maxing out cash withdrawals one day and waiting until after midnight for the next stash, which quickly adds up.

Here are four tips to help you protect your account.
1. Cover your password with your hand
Hidden cameras are disguised so they can pick up your password. By protecting it, ATM thieves can't access your account.
2. Use familiar ATMs and limit your visits
ATMs in dimly lighted spots or used late at night could be more susceptible to fraud, while ATMs under video surveillance can be safer. Stay away from ATMs at retail stores or restaurants, adds Siciliano. Recently, skimming devices were found on ATMs in a popular grocery store in central Florida. Airports, convenience stores or kiosks are equally vulnerable to ATM thieves. Still, even highly trafficked ATMs outside a bank branch have been targeted by thieves.

Also, try to limit your visits to the ATM. "With frequency, there's risk," says Siciliano.
3. Check bank balances frequently

Given the two-day window for reporting fraud, it pays to check your account frequently. If you don't report fraud within 60 days, you have unlimited liability. "Sign up for alerts and notice unusual withdrawals," says Vamosi.

With credit cards there are more protections in place, and you can dispute charges."You have at least a billing cycle," says Siciliano.
4. Observe the ATM
Vamosi cautions consumers to look at an ATM to make sure a card slot is "legitimate and not tacked on." Look for things that strike you, he says. "Some people have felt that when they inserted their card, something went awry," he says. In that case, try another ATM.

When protecting your account against ATM thieves, "it's all about awareness, paying attention and understanding risks," says Sicilano. "There are 400,000 ATMs and every one of them is susceptible to fraud. The speed and convenience of technology has replaced the security of technology."