Besides improving the level of Nationwide’s financial services and reducing risk, deployment of the NCR security solution across 424 cash machines in the country will help in customer retention.
In 2012, card skimming caused £42.1m losses only in UK and a report highlights that most of the card skimming incidents are taking place in countries outside of Europe.
NCR UK financial sector director Rachel Nash said maintaining and improving consumer confidence in the services they provide is a fundamental building block retail banks.
"Nationwide’s early adoption and investment in NCR Skimming Protection Solution will help it achieve these goals, driving loyalty by protecting its customers from the latest fraud and skimming techniques," Nash added.
The skimming application blocks criminal "listening" devices from capturing card data and prevents criminals from tampering or removing the original cash machine bezel and helps promptly detect fraudulent devices.
In order to address the problem swiftly, SPS notifies a financial organization of an attack in real time, and adapts quickly to new types of attacks as they become increasingly sophisticated.
