Get rid of ‘dangers’ during ATM transactions…
ATM
8 Golden Rules to keep your ATM transactions safe and secure
Source.SBI.
When a thief forced you to take money from the ATM, do not argue or resist, you might not know what he or she might do to you. What you should do is to punch your PIN in the reverse…
Eg: If your PIN is 1234, you punch 4321.
The moment you punch in the reverse, the money will come out, but will be stuck into the machine half way out and it will alert the police without the notice of the thief.
Every ATM has it; It is specially made to signify danger and help. Not everyone is aware of this.
Thanks Kumar
In 2006, an e-mail chain letter hoax circulated that claimed a reverse PIN duress code system is in place universally.[11] American Banker reported on January 2, 2007 that no PIN-reversal duress code is used on any ATM as of that date. In July 2008 the hoax was still circulating in Australia with the text:
If you should ever be forced by a robber to withdraw money from an ATM, you can notify the police by entering your PIN in reverse. For example if your PIN is 1234 then you would put in 4321. The ATM recognizes that your PIN is backwards from the ATM card you placed in the machine. The machine will still give you the money you requested, but unknown to the robber, the police will be immediately dispatched to help you. This information was recently broadcasted [sic] on TV and it states that it is seldom used because people don’t know it exists. Please pass this along to everyone possible. Australian Federal Police. AFP Web site: http://www.afp.gov.au
The same kind of e-mail chain letter hoax is still circulated in India and other parts of the world.
Were the system implemented, PINs that are reversible such as 5555 or 2112 then would be unavailable so that false alarms would not occur. Moreover, PINs that are semi-reversible such as 5255 or 1241, where the first and last numbers are the same, would be something to avoid as well so that accidental alarms would not be triggered by mistakenly switching the middle numbers.
Diebold, a manufacturer of ATMs, states on their website that no such emergency alerting system is currently in use. They cite an article in the St. Louis Post-Dispatch which claims bankers oppose the reverse-PIN system out of concerns that “ATM users might hesitate or fumble while trying to enter their PINs backwards under duress, possibly increasing the chances of violence.” Diebold further states that they would be willing to support such technology if their customers (presumably banks) request it.
http://en.wikipedia.org/wiki/ATM_SafetyPIN_software
The long lag time between the shock of the initial assault and the point when the PIN is demanded gives the victim a chance to gather his or her wits. The names of the SafetyPIN © work as a memory aid. “ReversePIN”© “Inside-OutPIN”© or “Plus-1PIN” © remind the cardholder how to use the system when needed. (Think back to grade school and the name “Roy G Biv” should be familiar. It’s an acronym for red orange yellow green blue indigo and violet, the seven colors of the rainbow, or “HOMES” Huron, Ontario Michigan, Erie and Superior, the Great Lakes) The average national response time to an emergency 911 call is 2.5 minutes. (As opposed to a service 911 call which is 20 minutes or more.) The average transaction time for an ATM withdrawal is 1.5 minutes. That leaves the criminal one minute to get as far from the victim as possible, maybe a little less, maybe a little more. He’s in danger if he takes the victim with him. As things stand now, he knows he’s safe.
“Researchers from UCSD have demonstrated how thermal imagery cameras can be used to steal customers’ PINs (PDF) when you withdraw cash from ATMs. Their paper, entitled ‘Heat of the Moment: Characterizing the Efficacy of Thermal Camera-Based Attacks’, (PDF) discovered that plastic PIN pads were the best for retaining heat signatures showing which numbers (and in which order) were used by bank customers. Fortunately the methodology does not appear to have been used by criminals yet, but a third of people surveyed admit that they do not check ATMs for tampering before withdrawing cash.”
http://it.slashdot.org/story/11/08/17/1416244/How-To-Steal-ATM-PINs-With-a-Thermal-Camera
Related:
The paper showed how an ATM customer’s pressing down keys of a code number gives these cameras the ability to catch the numbers from residual heat left behind from the user’s fingertips.
Banks have been debiting customers even for failed transactions. RBI guidance clearly states that this is to be reimbursed to the customer with in seven days.
There are other ingenious ways Banks skim you.
To remit money into your account to your account in another city(from the same bank),HDFC charges and the charges levied are just arrived at the spur of the moment.
HSBC, when the loan accountis closed, in the time stipulated, charges you additional amount before issuing release letter. Banks debit Rs 200-300 every month to your account under Miscellaneous charges or Service charges. If you protest to them vigorously they waive it. It pays to check your account patiently.
The RBI further said that all customers are entitled to receive such compensation for delays only if a claim is lodged with the issuing bank within 30 days of the date of transaction. http://www.moneylife.in/article/rbi-asks-banks-to-reimburse-failed-atm-transactions-in-7-days/16791.html
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