BankNews April 2015

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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

Belvoir Federal Receives America Saves Designation of Savings Excellence for Credit Unions

May 29 – Belvoir Federal Credit Union has received the America Saves Designation of Savings Excellence for Credit Unions, a new designation that recognizes credit unions that go above and beyond to encourage people to save money during America Saves Week.

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Iowa First Bancshares Corp. Achieves National Recognition

May 11 – Iowa First Bancshares Corp., the parent company of First National Bank of Muscatine, Iowa, and First National Bank in Fairfield, Iowa, has yet again been recognized for outstanding financial performance.

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Payment Method Security and the Expanding Role of Chip & Pin

April 21 – With the increased awareness of major data breaches and the ever-expanding prevalence of credit card fraud, payment transaction security has become an important discussion in this country. A significant portion of this discussion has revolved around the role of EMV or “Chip & Pin” technology for credit cards as a more secure payment method.

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ATMIA Assists ATM Industry in Preventing Malware Attacks

April 9 – To help the ATM industry prevent malware attacks on its terminals, the ATM Industry Association has published new guidelines called “Best Practices for Preventing ATM Malware, Black Box and Cyber-Attacks.”

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