Dual PIN functionality has been developed by BPC Banking Technologies that enables cardholders to notify both the bank and the police of robbery incidents.
The technology allows a cardholder to change their PIN code at an ATM. This can then be used to perform card transactions, while the original PIN is limited in its use and provides a mechanism to indicate an attempted or actual robbery.
As a result of its double PIN technology, BPC Banking Technologies, a provider of e-payment services, said that if a robbery is in progress, further ATM transactions will not proceed and an error message will appear on the ATM screen such as ‘card limit exceeded’. This is to help the cardholder avoid further losses.
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Tuesday, September 22, 2009
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