Open Solutions Takes Two-Factor to Teller Line

Open Solutions Inc. is now offering users of its flagship core technology systems a two-factor authentication system for use at the teller line.

Using the Veri-Fast solution, members swipe their ATM/debit card, enter their PIN number and once verified, the software instantly retrieves the relationship profile.

The company said that in addition to reducing fraud, Veri-Fast boosts service and efficiencies by automating the retrieval of accountholder files and eliminating teller keystrokes.

Veri-Fast is being offered to financial institutions that run on The Complete Credit Union and The Complete Banking Solution core applications and can be customized to integrate with other core platforms, the company said.

ATM fraud sweeps UAE: 42 percent of Dubai Bank clients affected by fraud

Dubai Bank announces that recent ATM fraud has hit over 40 percent of its customers. As a result, Dubai Bank temporarily blocked the international use of its ATM cards.

Such news comes after HSBC, Dubai Islamic Bank, Emirates NBD and National Bank of Abu Dhabi have also warned that some of their customers have been victims of ATM fraud. A HSBC Middle East spokesperson has stated that a significant number of fraudulent transactions have been stopped as a result of customers' changing their PIN numbers. Banks across the UAE have introduced new security measures and have urged customers to change debit and credit card codes after fraudsters used counterfeit cards to withdraw money from accounts.

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National Bank of Abu Dhabi (NBAD) is to refund any customer who has been a target for fraudsters who have made use of counterfeit cards to take cash from customer accounts within the last three days. Dubai Bank has already taken measures to verify and refund claims.

Everybody's PIN Number Revealed!

Everybody's PIN Number Revealed! Somewhat shocking just how accurate this really is.
(Check it out: yours is on here, too! Not intended for criminal use!)
http://www.positiveatheism.org/crt/pin.htm