Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
ATM industry manual advises on preventing cash trapping
SIOUX FALLS, S.D. (1/23/13)--The ATM Industry Association has published a best practice manual for preventing cash trapping at ATMs.

Cash trapping, a type of ATM crime that goes back many years, has been reinvented and is currently on the rise again in some parts of the world, including Europe.

"Although cash trapping is a rudimentary kind of attack on ATMs, these incidents can cause inconvenience, disruption to ATM services and dent consumer confidence," said Mike Lee, ATMIA CEO. "This new manual will certainly reinforce the ATM's hard-earned trusted environment and reduce the opportunity for fraudsters."

The manual defines cash trapping as any method or device used to deliberately prevent a consumer from receiving cash requested at an ATM. It analyzes all types of known cash trapping devices, including electro-mechanical devices.

It discusses and outlines best practice recommendations.

In cash trapping, thieves typically install devices inside ATMs that physically stop the money being dispensed (The Guardian Nov. 27). Devices may also be used to trap ATM cards.

Trapping differs from ATM skimming, which uses a device attached to the mouth of an ATM that swipes credit and debit card information ATM when users slip their cards into the machines.
RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
11 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
13 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
15 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
15 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
16 hours ago