Financial Services > e-banking > Banking news
ATM device to protect banking customers

Thu, 16 Mar 2006

Banking customers are becoming increasingly wary of using cash machines due to the rise in debit and credit card fraud, new research shows.

A report by Lloyds TSB shows that 76 per cent of British banking customers worry about fraudsters copying the details of their debit and credit cards with skimming devices fitted to cash machines.

But now Lloyds TSB is having anti-skimming devices installed in ATMs to thwart these criminals.

The bank is working with UK payments association Apacs, cash machine network Link and other financial services providers to help protect banking customers against fraud.

"There are over two billion ATM cash withdrawals every year and while the vast majority of these are problem free, there is no room for complacency," says the internet and ATM director at Lloyds TSB, Matthew Timms.

"The anti-skimming device is just one of a number of the security measures we are introducing in our fight against fraud and comes just four months after the access code device trial for our internet banking customers."

Mr Timms also urges banking customers to be vigilant when using ATMs and to report anything suspicious to the police or the helpline which is displayed on the screens of cash machines.

add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Save on your mortgage

Save on Your Mortgage

Save money on your mortgage? Fill out our quick mortgage enquiry form.

Health cover, life insurance and PMI

Health Insurance

Find Critical illness, Life and Private Medical Insurance PMI policies.

Simplyhealth Dental Plan
Affordable cover from only £7.50 per month. Join now and get first month FREE
Amex Cash Back
Credit Card
Get 5% cash back on purchases with Amex
Income Protection Insurance
Get an instant quote with the award winning company