Anyone with an ATM business should remain vigilant during every visit to your ATMs to ensure signage on terminals is complete. There has been a recent increase in the number of Reg E lawsuit filings against ISOs with online ATM terminals deployed in the Southeast. To help provide some protection to your business against these [...]
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As one of the top ATM Service providers, we offer extensive insight to our customers with issues surrounding ATM Security. One common ATM Security issue is called denomination fraud. Denomination Fraud occurs when a thief accesses the management functions of the ATM and changes the bill denominations to a lower amount than that of the [...]
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A demonstration was recently conducted at the Black Hat security conference in Las Vegas where a Triton and Tranax ATM were hacked into and caused to dispense multiple bills. Switch Commerce recommends that online ATM deployers ensure that all ATM security is kept up to date with the latest software versions and security patches issued [...]
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Federal Reserve Board Regulation E is serious business. Lawsuits against ATM payment-procurement specialists for ATM Security Regulation E non-compliance are important to be aware of. These law-suits are costly to ATM operators – they can range up to a $500,000 per incident – and can exact a heavy toll on the ill-prepared. There are a [...]
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