What the Tech? Skimmers and ATMs - WRCBtv.com | Chattanooga News, Weather & Sports

What the Tech? Skimmers and ATMs

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Skimming credit and debit cards are a huge problem for consumers and it’s getting worse. A report from Verizon shows some 94% of all security breaches originate at card swipe devices.

Skimming devices are widely used by criminals for two reasons: the probability of successful thefts and the ease in which skimmers are placed on card swipe devices.

The skimmers are often placed on ATM terminals and swipe payment devices in a matter of 2­3 seconds. These slip on top of the cash machines and are barely noticeable by consumers. Some add just a little bulk to the terminals but are otherwise identical to the card swipe machines.

Now two of the world’s largest ATM manufacturers announced (http://www.fisglobal.com/About­Us/Media­Room/News­Releases/2016/FIS­and­Payment­Allian ce­International­Bring­Cardless­Cash­to­Consumers­at­Retail­Locations)  they’ll begin shipping 70,000 new ATM terminals that will allow customers to use the Touch­ID on iPhones.

Customers will be able to download an app and use their phone and touchpad to remove cash from their accounts without using a card or password. The transaction is thought to be much safer than traditional ATMs.

Bank of America (http://promo.bankofamerica.com/cardlessatm/?cm_mmc=DEP­General­_­vanity­_­DG01VN001 L_cardlessatm­_­NA) also announced in June that its customers will soon be able to use Apple Pay and an app to withdraw money

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