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           14 May, 2021

Category:  Press » Science


Diebold Wins Award for Advanced Skimming Detection Technology

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2008-06-17 07:20:19     
Diebold, Incorporated

Diebold, Incorporated (NYSE: DBD), a trusted partner and leader in the financial self-service industry, recently announced it received The Banker Technology Awards 2008 Retail Award for Delivery Channel Security for its leading-edge ATM advanced skimming detection technology.

Diebold's advanced skimming detection technology detects the presence of skimming devices to help prevent automated teller machine (ATM) fraud and the loss of millions of dollars each year for financial institutions. This feature is included in every new Diebold Opteva(R) motorized card reader at no extra charge, which is a substantial benefit as the average industry cost for similar technology is between $1,200 and $1,500 per unit. The Banker Technology Awards, presented by The Banker magazine, recognize excellence and innovation in all areas of banking technology. The awards serve as a vital global benchmark for IT services, products and projects in the financial services industry at large.

"Diebold is honored to receive such a prestigious award and to be recognized by the industry as a leader in ATM security," said Charles E. Ducey, Jr., senior vice president, global development and services, Diebold. "The advanced skimming detection technology is designed to put our customers' minds at ease and provide reassurance that both the financial institution and its customers are protected."

ATM fraud occurs on a global scale and is a growing concern. According to estimates by Retail Banking Research, there are currently more than 1.5 million ATMs worldwide with new installations occurring every five minutes. The Global ATM Security Alliance reports that .0016 percent of all worldwide ATM transactions are affected by crime or fraud and it has been proven that skimming can account for as high as 99 percent of ATM attacks in many geographic areas. With Diebold's advanced skimming detection solution, Diebold customers can fight growing criminal activity and reduce financial loss.

"In addition to the industry's growing fraud concern, the number one concern among financial institution customers is the theft of personal financial information -- surpassing terrorism, job security and natural disasters," Ducey said.

"Diebold has a rich history of delivering security solutions for more than 149 years and our customers depend on us to continue to deliver advanced technologies to secure their assets. This award truly speaks to the high-quality processes and procedures Diebold has in place as a security leader in the financial self-service industry."

About Diebold

Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's Web site at http://www.diebold.com .

Specialized in: Diebold - Atm - Atms - Cash Dispenser - Self Service - Pharmacy - Vaults - Safes - Alarm - Automated Teller Machines - Drive-up - Teller
URL: http://www.diebold.com
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