Self-service banking infrastructure security is becoming a top priority for most financial institutions. DAAC Systems Integrator, with the support of BS/2 and Diebold Nixdorf, has implemented a project to protect the ATM fleet of the Moldovan bank Victoriabank from logical attacks. The project was implemented using the Intrusion Protection module tools, which is part of the Vynamic Security software package.
The BS/2 company has launched a new information website dedicated to the optimization of money circulation at cash points - CashManagementiQ.com.
Georgian BasisBank has implemented the cash flow management and forecasting software Cash Management.iQ. One of the benefits of cash management software is decreased operational costs associated with the ATM network. Cash professionals of the bank are equipped with real-time cash monitoring tools to manage the amount of CIT visits as well as cash inventory and ATM availability KPIs.
Restrictive measures related to the spread of the COVID-19 pandemic have changed the way banks serve their customers. ATMs and other terminal devices have become a real alternative to traditional service in bank branches.
The number of ATMs continues to increase in most countries of Eastern Europe and Central Asia. In 2020 this number increased by almost 10% in Georgia and Azerbaijan and more than 20% in Uzbekistan. It means that along with the rapid development of online banking and mobile services, financial institutions continue to rely on self-service devices.
Residents of Vilnius, when visiting the Unified Customer Service Center of the municipality, can evaluate the benefits of a new device offered by the Penki Kontinentai Group. The stationary temperature detection terminal is installed in the reception room of the municipality. It can be used by both visitors and employees, the number of which reaches 800 people.
In June and July 2020, ATMs of the Belgian bank Argenta were attacked by hackers. Using special software, the criminals seized control of the ATMs and withdrew all the cash that was there. The bank not only suffered financial and reputational losses, but was also forced to take out of service 143 ATMs with a similar software stack to avoid a recurrence of incidents.
Delivery of e-commerce goods through parcel lockers (also called parcel terminals, parcel machine, automated postal stations) is gaining popularity every year. According to a report conducted by one of the largest American delivery services Pitney Bowes, from 2014 to 2018, the number of parcels worldwide increased by 104% from 43 billion to 87 billion shipments per year, and will exceed 200 billion by 2025. Obviously, with this growth, postal organizations and delivery services are constantly looking for options to optimize the delivery process and minimize their costs.
The purpose of the latest updates of Cash Management.iQ software platform is to increase the security level, as well as meeting the increasing requirements of international security standards which are implemented in modern banks, CIT services, and retailers.
It is impossible to imagine our life these days without contactless authorization. We use it when shopping, paying for public transport or entering buildings with access control. Сontactless authorization has already become a standard for payment devices. According to international payment systems, in 2020 more than 40% of payment cards in the world support contactless payment, about 70 million people regularly make contactless payments.
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