Standalone ATMs, such as those found in grocery stores or shopping malls, can be more vulnerable to manipulation by criminals than ATMs found in banks. Criminals can connect devices that can steal your personal identification number (PIN) or account number, or even install a “fake ATM” in a public place. ATMs are often found in restaurants, gas stations, delicatessens, and of course, shopping malls. Unfortunately, ATM scams and debit card theft are on the rise.
But there are ways to protect yourself and your bank balance. The use of debit cards with an EMV chip has been shown to reduce the fraud rate at ATMs a little. Chip cards are more secure than traditional magnetic stripe cards, but they're not foolproof. To encourage customers to spend more money in their facilities, some malls have miniature cameras hidden inside ATM panels that record keystrokes when customers enter their PINs.
Small business owners often assume the responsibility of loading cash into their ATMs, while larger businesses and corporations outsource ATM management to a provider. If mall owners decide to buy the ATM that has been placed in their facilities, GoldStar will offer the ATM at a fair market price. Shopping center owners may also be eligible for a 60-day deferred financing agreement. Placing an Evolution Cash ATM in your mall means that every time your shoppers and visitors use the machine, you'll be earning money.
GoldStar has an expert sales staff who can guide you through the process of replacing your entire ATM fleet. Thieves are less likely to manipulate or prowl through ATMs that they don't want to appear in security images, and there are fewer opportunities to physically access the machine. By leasing an ATM instead of buying it, malls will charge transaction fees while making payments at the machine. To keep up with the new times, some thieves have started using “glitter” on ATMs instead of overlays for card readers.
How to Protect Yourself from ATM ScamsThe best way to protect yourself from ATM scams is to be aware of how criminals can manipulate ATMs and take steps to protect yourself.
Here are some tips:
- Be aware of your surroundings. If you notice anything suspicious about an ATM or its surroundings, don't use it.
- Check for signs of tampering. Look for any signs that the machine has been tampered with or altered in any way.
- Cover your hand when entering your PIN. This will help prevent criminals from seeing your PIN and using it to access your account.
- Check your bank statements regularly.
This will help you spot any suspicious activity on your account quickly.