MUMBAI, India - NCR Corporation (NYSE: NCR) today announced that it has successfully upgraded 1,200 HDFC Bank automated teller machines (ATMs) with its ‘jitter-enabled’ card readers that help make common types of skimming attempts ineffective. With this upgrade, all 1,910 ATMs of HDFC Bank are now equipped with ‘jitter-enabled’ card readers.
Skimming comes in different forms, but is basically a fraudulent practice wherein criminals attach a device to the ATM card reader area to capture important card data stored on the magnetic stripe. When a card passes through this fraudulent device it can skim or copy the information on the magnetic strip of the card. NCR’s jitter-enabled card readers help prevent fraud by disrupting these attempts to copy the data with a random stop-start movement during card entry and exit.
Speaking on the security upgrade of its ATM network, Rahul Bhagat, country head for Retail Liabilities, Marketing and Direct Banking Channels, HDFC Bank, said, “Through this deployment of ‘jitter’ card reader technology on all our 1,910 ATMs irrespective of the ATM type, we are proactively moving ahead of criminals who may be on the lookout to attack the ATM channel. With around 60 percent of our customers regularly transacting on our ATMs, it is important for us to ensure that our ATMs are secure, so that our customers feel confident to use the ATM as a convenient and secure medium to route transactions.”
Manjunath Rao, NCR country manager for Financial Solutions in India, said, “While the ATM channel is among the safest in financial services, globally ATMs are increasingly becoming a target for organized crime. To maintain the extraordinary level of trust consumers place in self-service and avoid the hard cash losses associated with fraud, the industry must adopt a holistic security strategy that protects the ATM channel at all potential points of compromise. As ATM fraud migrates and evolves, NCR’s unique countermeasures are critical enablers to mitigate risk and stay ahead of the criminal.”
About HDFC Bank
HDFC Bank was among the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI’s liberalization of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of ‘HDFC Bank Limited’, with its registered office in Mumbai, India. The Bank at present has an enviable network of over 754 branches spread over 327 cities across India. The Bank also has a network of 1,910 networked ATMs across these cities. The Bank has made substantial efforts and investments in acquiring the best technology available internationally, to build the infrastructure for a world-class bank.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a global technology company leading how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, healthcare, hospitality, gaming and public sector organizations in more than 100 countries. NCR (www.ncr.com) is headquartered in Dayton, Ohio.
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NCR is a trademark of NCR Corporation in the United States and other countries.
Media contact(s):
Lorraine Russell
NCR Corporation (United States)
(937) 445-3784
lorraine.russell@ncr.com
Rakesh Aulaya
NCR Corporation (India)
91- 22- 66957500 / 9987011973
rakesh.aulaya@ncr.com
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