Recently the banks have reported that they are facing losses due to the increase in number of ATM frauds. Banks have observed that, their practice of appointing new guards at the ATMs went in vein.
There measures have not helped them in controlling the ATM frauds. Banks are quite worried and are looking forward to the new ways to protect the ATMs. Banks will now equip the ATM with latest centralized surveillance system, through which there will be constant check at the ATM and in case of any mishappening an Alarm will raised at the nearest police station. If any activity like attempts to tamper with the cash vending machine and any unusual movement inside an ATM occurs immediately an alarm will be raised at the police station.
According to the latest Reserve Bank of India data, ATM/debit/credit card related complaints rose by 25% to 17,867 during 2012-13. Observing these the banks are keen on controlling these problems and are trying to resolve these issues earliest.