Banking
Theft-proof Chips

A migration from magnetic to chip technology is urgent. However, it is costly and will take time.

February 10, 2010

BANK Central Asia moves fast. Its automated teller machines or ATMs all over the country are equipped with anti-skimming devices to prevent customer data theft. The largest private bank in Indonesia is also upgrading Electronic Data Capture (EDC) machines in the counters of BCA partners.

Bank Mandiri is no less busy. This biggest national bank is upgrading around 40,000 EDC machines. Its old ATMs are also being modified by inserting instruments

...

More Articles