Taking a Trip to the ATM? Beware of 'Skimmers'
"Last fall, two brothers from Bulgaria were charged in U.S. federal court in New York with using stolen bank account information to defraud two banks of more than $1 million.
Their scheme involved installing surreptitious surveillance equipment on New York City ATMs that allowed them to record customers’ account information and PINs, create their own bank cards, and steal from customer accounts...
How to Avoid being Skimmed
- Inspect the ATM, gas pump, or credit card reader before using it…be suspicious if you see anything loose, crooked, or damaged, or if you notice scratches or adhesive/tape residue.
- When entering your PIN, block the keypad with your other hand to prevent possible hidden cameras from recording your number.
- If possible, use an ATM at an inside location (less access for criminals to install skimmers).
- Be careful of ATMs in tourist areas…they are a popular target of skimmers.
- If your card isn’t returned after the transaction or after hitting “cancel,” immediately contact the financial institution that issued the card."
Showing posts with label ATM. Show all posts
Showing posts with label ATM. Show all posts
Thursday, August 25, 2011
Friday, May 14, 2010
FTC Issues Report On Emergency Technology for Use With ATMs
"As required by the Credit CARD Act of 2009, the FTC issued a report regarding “emergency PIN” and “alarm button” devices that would allow users of automated teller machines (“ATMs”) to electronically alert police about crimes at ATMs. The Report, authored by the staff in the Bureau of Economics, discusses the available information about crimes at ATMs and the costs and benefits of the emergency technologies specified in the Act. The Commission vote to file the report was 5-0. Copies of the report are available on the FTC’s Web site as a link to this press release. (FTC File No. P859912; the staff contact is Paul Zimmerman, Bureau of Economics, 202-326-3159.")
"As required by the Credit CARD Act of 2009, the FTC issued a report regarding “emergency PIN” and “alarm button” devices that would allow users of automated teller machines (“ATMs”) to electronically alert police about crimes at ATMs. The Report, authored by the staff in the Bureau of Economics, discusses the available information about crimes at ATMs and the costs and benefits of the emergency technologies specified in the Act. The Commission vote to file the report was 5-0. Copies of the report are available on the FTC’s Web site as a link to this press release. (FTC File No. P859912; the staff contact is Paul Zimmerman, Bureau of Economics, 202-326-3159.")
Thursday, February 25, 2010
Overdraft Rules for Debit and ATM Cards
"Bank account overdraft fees can be a source of unexpected costs for consumers. A new online Federal Reserve Board publication will help consumers better understand rules that provide additional protection when a debit card or automated teller machine (ATM) transaction causes an account to be overdrawn.
Federal Reserve Board rules that take effect on July 1, 2010, prohibit financial institutions from charging overdraft fees for ATM and one-time debit card transactions unless a consumer consents, or opts in, to the overdraft service for those types of transactions. What You Need to Know: New Overdraft Rules for Debit and ATM Cards provides an explanation of how the rules will affect existing and new account holders. It contains basic information about types and typical costs of overdraft services and defines common terms consumers may encounter in communications from their bank about overdrafts.
Under the Board's rules, financial institutions must provide consumers a notice that explains the financial institution's overdraft services, including the fees associated with the service, and the consumer's choices. Institutions will soon begin providing these notices, and this publication will help consumers understand how to use the information to make the best choices regarding overdraft services..."
"Bank account overdraft fees can be a source of unexpected costs for consumers. A new online Federal Reserve Board publication will help consumers better understand rules that provide additional protection when a debit card or automated teller machine (ATM) transaction causes an account to be overdrawn.
Federal Reserve Board rules that take effect on July 1, 2010, prohibit financial institutions from charging overdraft fees for ATM and one-time debit card transactions unless a consumer consents, or opts in, to the overdraft service for those types of transactions. What You Need to Know: New Overdraft Rules for Debit and ATM Cards provides an explanation of how the rules will affect existing and new account holders. It contains basic information about types and typical costs of overdraft services and defines common terms consumers may encounter in communications from their bank about overdrafts.
Under the Board's rules, financial institutions must provide consumers a notice that explains the financial institution's overdraft services, including the fees associated with the service, and the consumer's choices. Institutions will soon begin providing these notices, and this publication will help consumers understand how to use the information to make the best choices regarding overdraft services..."
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