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, 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.
