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Visa on How to Foil Cash-Out Schemes

Visa warns card issuers to be on the lookout for an upswing in ATM cash-out schemes. Cash-out fraud involves cash withdraws from multiple ATMs in multiple locations within a short period of time. Visa head of global payment system security at Visa says sloppy network security is a key issue. Visa: Card issuers, payments processors and other entities involved with PIN-debit transactions need to take specific steps to help thwart the schemes. The best solution is to address vulnerabilities that allow attackers to access the card numbers and PINs in the first place.”]

Source: https://www.cuinfosecurity.com/visa-on-how-to-foil-cash-out-schemes-a-5471

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