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ATM Transactions

Credit/Debit Card Fraud on the rise globally

Credit/Debit card fraud and personal identification number (PIN) theft is on the rise around the globe at ATM locations.   Criminals will shoulder surf in order to learn your credit card and PIN information and sophisticated criminals will apply skimming techniques by inserting a device onto the ATM machine which may look part of the ATM to the customer.

Direct RM Security Solutions for ATM vendors

Direct Risk Management (DRM) works closely with issuers and ATM vendors to allow the next generation of ATM machine deployment to enable strong two factor authentication.  Major ATM vendors have altered the design and functionality of their machines to accommodate DRM’s authentication solution.  The major difference is to require customers to enter their PIN and a one-time password (OTP) at the ATM display screen, thus employing 2 factor authentication ensuring a much more secure theft proof transaction.

DRM’s Physical Authentication Pin Pad Smart Card

DRM offers the new Physical Key Pad smart card for 2 factor authenticated ATM transactions. 

  • The customer swipes their card and then enters the PIN information on the card itself. 
  • When the correct PIN is entered, the small LCD on the smart card will then display a OTP. 
  • When the OTP is entered correctly, the transaction will be authenticated and approved. 

The Physical Smart Card has denial-of-services feature which will disable the card after a certain amount of failed attempts and will immediately notify the customer and card issuer.

DRM’s Virtual Smart Card

Utilizing another DRM solution, the customer can employ their mobile device and DRM’s new virtual smart card and scan it at the ATM terminal. 

  • Upon the initial scan, a PIN number will be required to be entered on the mobile device by the user. 
  • When the correct PIN is entered, the mobile device will then display a OTP. 
  • When the OTP is entered correctly, the transaction will be authenticated and approved.

The Virtual Smart Card has denial-of-service feature which will disable the card after a certain amount of failed attempts and will immediately notify the customer and card issuer. 

DRM understands the security requirements needed to thwart ATM identity theft and offers state of the art solutions to banks and ATM manufacturers to mitigate the loses of credit card fraud.

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