Axis Bank to deploy 400 fraud-tracking ATMs

NCR Corporation, a technology company listed on the New York Stock Exchange, has entered an agreement with Axis Bank to provide 400 new automated teller machines (ATMs) equipped with  a surveillance solution that captures the image of the ATM user along with transaction details to prevent fraud.

According to a release issued by NCR Corp today, Axis Bank has bought NCR PersonasTM 77 Solo ATMs, which allow the bank to introduce new services such as bill payments, check deposits, ticket bookings and mobile top-ups through software and upgradeable hardware platforms.

The NCR ATM Surveillance solution captures transactional information along with an image that is triggered either by motion sensing or by the swipe of the card in the ATM. The solution is based within the ATM itself, removing the dependency on additional power supply, network connections and the need to make secure enclosure for housing the equipment.

The images are stored in highly compressed format which can be viewed on the ATM monitor, allowing the bank to take necessary action when required at the ATM site without losing out on time.