Market Scan

American Banker Reports on ATM Manufacturer Shake-Out

The September 25 issue of American Banker reports on the shake-out in the ATM industry as the number of U.S. ATM manufacturers drops from nine to seven.  The top five are NCR, Diebold, Tranax, Triton, and Windcor Nixdorf.

NYCE and Fair Isaac Apply Account-Profiling Technology to PIN-based Debits

NYCE, a U.S. debit card network, and Fair Isacc, a leading provider of analytics, will use account-profiling technology to determine the fraud risk associated with individual ATMs and point-of-sale terminals.

"Based on data from NYCE's extensive network of 280,000 ATMs and 1.5 million POS locations nationwide, the technology will identify typical, non-fraud transaction patterns for each terminal and create device profiles that enable detection of abnormal, potentially fraudulent transaction patterns.

Building upon Fair Isaac's powerful fraud analytic technology for account-profiling, custom Falcon™ neural network models for debit transaction data, and comprehensive case and rules management capabilities, the device-profiling technology will add a new dimension to the use of transaction data in detecting PIN-based fraud. NYCE participants will be able to detect and stop fraud in real time, during the authorization process and before a loss is incurred, by determining the risk associated with individual devices."

For the complete press release, click here.