The Department of Trade and Industry (DTI) will oppose an increase in the fee for withdrawing cash from automated teller machines (ATMs
) following the lifting of the cap on the charge, according to Trade Secretary Ramon Lopez.
Fonacier said they decided to lift the moratorium on ATM
fees to "create opportunities for banks to be able to serve the banking public."
The robbers who stole millions of shillings from four ATMs
belonging to Barclays Bank during the Easter holiday were so clever that they chose off-site machines, which would have taken time for the bank to discover that money had been stolen.This comes as an initial forensic analysis of the four affected ATMs
on Tuesday raised the amount of money stolen to Sh14 million from the initial Sh11 million.
Flying Squad officers last evening were searching for a Toyota Probox caught on camera with three men believed to be the cybercriminals who stole more than Sh11 million from four ATMs
"This would severely impact millions of beneficiaries under the Pradhan Mantri Jan Dhan Yojana who withdraw subsidies in form of cash through ATMs
, besides urban centres, resulting in snaky queues and chaos akin to post-demonetisation," Balasubramanian told IANS.
Link's figures also show that, of the total free-to-use cash machine network, the number of ATMs
reduced by 1,400 between the end of January and the start of August, leaving 53,100 remaining.
Plasencia added that with the Dolphin Debit ATMs
, if there are any machine issues, technicians respond immediately to fix the problem and the credit union doesn't have to be concerned with managing them on a day-to-day basis.
In the statement made available to the News Agency of Nigeria (NAN), Ezirim said that about 402,102 bill payments were made through Firstbank's ATMs
in 2017, while airtime worth about N1.7 billion was purchased through the machines.
"These attacks infiltrate an ATM
network offline, or from a piece of hardware known as a Cyblack box' placed inside the ATM
, and connected directly to the cash dispenser.
According to the Federal Investigation Agency (FIA), the suspects were involved in manipulating ATM
machines to take out money.
KARACHI: A district court on Monday sentenced two Chinese nationals to one-year sentence along with a fine of Rs50,000 each, for being involved in the automated teller machine (ATM
) skimming scandal.Earlier, a judicial magistrateremanded the two Chinese nationals, allegedly involved in ATM
skimming into the custody of Federal Investigation Agency.
KARACHI: A district court sentenced two Chinese nationals to one-year imprisonment and imposed a fine of Rs50,000 each over their involvement in automated teller machine (ATM
) skimming here on Monday.