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2015 ISA ENTRY – ACG’s ECS 4-in-1 (ATM Anti-Skimming Device)

ECS® 4-in-1 is ACG’s most comprehensive skimming solution for ATMs with dip card readers. ATM card
skimming is high-tech bank robbery that accounts for 98% of all ATM card fraud. The U.S. Secret Service
estimates that domestic financial institutions lose $1 billion annually due to skimming attacks. ACG’s
ECS 4-in-1 device is poised to arm community banks against card fraud by offering multi-layered
skimming protection.

ECS 4-in-1 is truly a unique anti-skimming solution, as it offers a combination of detection and jamming
protection. It not only safeguards ATM users against skimming attacks through detection technology. It
also provides a shield of skimming protection by creating random, disturbing frequencies that scramble
skimmers (jamming). Therefore, ECS 4-in-1 can detect the physical installation of skimming devices
while simultaneously deactivating them. Additionally, the complete solution includes communication
and data logging functionalities. Therefore, ECS 4-in-1 is a fully integrated solution that provides
financial institutions with four tools to combat skimming: 1) detection; 2) jamming; 3) communication;
and 4) data logger.

The Innovative Solutions Awards champions products and services that aid community banks in the
areas of efficiency and customer service; ECS 4-in-1 is an original hardware solution that does just that.
The product’s detection and jamming functions protect not only banks, but also their customers against
skimming attacks—bolstering branch security and customer confidence. The communication and data
logger functions allow banks to closely monitor and track ATM card activity to quickly identify skimming
devices and protect customers from attacks. Moreover, ECS 4-in-1 will help community banks better
serve customers through:

  • Customization: Product parameters are highly customizable according to FI requirements to
    minimize false alarms.
  • Convenience: On average, it takes less than an hour to install ECS® in the field, and the ATM
    does not have to be taken out of service during installation.
  • Affordability: ECS 4-in-1 is the most affordable skimming solution on the market that features
    both detection and jamming technology.

ACG, Inc.
www.acgworld.com

ADT Launches Anti-Skimming Device to Detect, Deter ATM Fraud

March 13 – ADT Security Services has introduced a new advanced skimming detection device for financial institutions throughout North America. The ADT Anti-Skim™ ATM Security Solution helps prevent skimming attempts and detects skimming devices on all major ATM makes and models.

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Deputy Secretary Robert M. Kimmitt remarks on policy principles for sovereign wealth funds

Oct 13 – Thank you, Peter, for that warm introduction.  It is a pleasure to join you today to discuss the importance of keeping markets open for foreign investment, a particularly timely topic given the current uncertainty in global financial markets.  I would like to thank the U.S. Council for International Business for hosting this event and for its continuing interest in this important topic, and I also thank the co-sponsors and supporters of the event. 

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Deputy Secretary Kimmitt statement on IWG agreement on generally accepted principles for sovereign wealth funds

Oct 13 – Deputy Secretary of the Treasury Robert M. Kimmitt issued the following statement on the release of the International Working Group of Sovereign Wealth Funds’ Generally Accepted Principles and Practices for Sovereign Wealth Funds:

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Deputy Secretary Kimmitt to announce $3.9 billion in tax credits

Oct 2 – U.S. Treasury Deputy Secretary Robert M. Kimmitt and Treasury’s Community Development Financial Institutions Fund Director Kimberly A. Reed will travel to New Orleans, La., this week to award $3.9 billion in tax credits to organizations investing in rural and urban low-income communities across the United States.  The awards are being made under the 2007 round of the New Markets Tax Credit Program and will include $400 million allocated specifically for the redevelopment and reconstruction of the Hurricane Katrina Gulf Opportunity Zone.

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Wisconsin: ‘Skimmers’ milking cardholders

South Dakota names Kim Olson state economic development director

ATM Market is Expected to Reach 21.9 Billion Dollars by 2020

November 28 – A new report published by Allied Market Research titled, “World ATM Market – Opportunity Analysis and Industry Forecast, 2014 – 2020,” forecasts that the world ATM market is expected to garner revenue of $21.9 billion by 2020, registering a CAGR of 7.7% from 2015 to 2020. Integration of wireless communicating devices (smart phones) with ATM machines has reduced ATM frauds arising due to card skimming. This factor has significantly fostered the adoption of smart ATMs, which has consequently fuelled the growth of the world ATM market. According to the Federal Reserve System, the ATM market in developed countries, such as the U.S., the U.K., Canada, and France has attained maturity, while the Reserve Bank of India forecasts a rapid growth of the ATM markets in the emerging countries.

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Wells Fargo History Museum Opens in Des Moines

November 11 – Wells Fargo & Company has opened a new history museum in downtown Des Moines. The 5,500-square-foot attraction is the company’s 12th history museum nationwide and the first one Wells Fargo has opened since 2011.

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The Best Defense Against ATM Fraud

According to a recent PwC report, 59 percent of financial services businesses are investing in training and education programs to better defend against evolving security threats. Cummins Allison, a provider of check, currency and coin handling solutions, as well as ATMs, discusses the importance of enlisting employees – and customers – to help maintain ATM security.

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Kryptronic Internet Software Solutions