Thursday, December 5, 2024

BANKING

The Reserve Bank of India is partially reactivating ATM cash retraction, a feature disabled in 2012 due to fraud. This move combats a new "fake shutter overlay" scam where criminals trap dispensed cash. The reinstated retraction aims to give customers a better chance of recovering their money from compromised machines, focusing on ATMs susceptible to this fraud.

from Banking/Finance-Industry-Economic Times https://ift.tt/rgqmJIE
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