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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

Credit Card Fraud Gangs Cashing In on 24 Billion Dollars a Year

Digital Shadows, a leader in digital risk management, has revealed the findings of an in-depth study carried out by its team of multilingual analysts assessing the changing habits and tactics of organized credit card fraud gangs. It points to increased sophistication of a professional ecosystem as fraudsters seek to up-skill themselves and novice would-be cyber criminals.

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Is This a Good CHOICE?

Yes for community banks, maybe not for megabank regulation.

By Bill Poquette

There is much for community bankers to embrace in the Financial CHOICE Act passed by the House of Representatives in early June. CHOICE is the acronym for “Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs,” an appropriately cumbersome description for this 600-page bundle of proposed new laws and regulations.

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FIS and Cardtronics to Expand Cardless Cash at ATMs Across the U.S.

June 29 – FIS, a global leader in financial services technology, and Cardtronics, the world’s largest ATM owner/operator, have announced plans to integrate FIS Cardless Cash access across Cardtronics’ ATM fleet in the United States.

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