No anti-skimming tools at 2,526 ATMs as Oct deadline ends

AKM Zamir Uddin | Published: 00:41, Nov 06,2016

 
 

Banks continue to flout the Bangladesh Bank directive about installing anti-skimming devices at all of their automated teller machines as 2,526 ATMs still remain without the devices after the extended deadline ended on October 31.
BB officials said only four scheduled banks installed the devices at all of their ATMs by the October 31 deadline while 47 banks failed to comply with the directive.
The central bank initially had asked the banks to install anti-skimming devices at all of their ATMs by March 15 this year.
The BB move had come after a number of clients of four leading private banks — Eastern Bank, United Commercial Bank, Mutual Trust Bank and City Bank — had become victims of ATM scams between February 6 and February 12 this year when skimmers withdrew more than Tk 20 lakh from accounts of the banks’ clients by forging data of their (clients) debit and credit cards.
As the banks flouted the March deadline, the central bank asked the banks to install the anti-skimming devices and PIN shield by October 31.
‘The banks have yet to install anti-skimming devices at around 2,526 automated teller machines despite the extension of the deadline,’ a Bangladesh Bank official told New Age on Tuesday.
According to the latest BB data, 31 banks have so far installed anti-skimming devices at 5,794 out of their total 7,641 ATMs to check fraudulence.
Another 20 banks, which have around 679 ATM booths, have not submitted any report on the device installation status to the BB.
The BB official suspects that the banks did not submit the report as they had not installed the devices.
Country’s fifty-one banks are currently operating 8,320 ATM booths across the country.
The four banks, which installed the anti-skimming devices at all of their ATMs, are Al-Arafah Islami Bank, Bank Al-Falah, Eastern Bank and The Farmers Bank.
The BB asked all banks to set up PIN shield by October 31, but the banks have so far attached the equipment with 32.49 per cent of their ATMs.
The banks have set up PIN shield at only 2,712 of their ATMs.
The BB data showed four banks have so far set up PIN shield at all of their ATM booths. The banks are Bangladesh Commerce Bank, The Farmers Bank, Meghna Bank and NRB Global Bank.
The BB also asked all banks to install new chip-enabled devices at their ATMs so that clients can settle transactions through their chip-based credit and debit cards.
The BB data showed the banks have so far attached the devices with their 6,307 ATMs.
Twelve banks have attached the devices with all of their ATMs. The banks are – AB Bank, Bangladesh Commerce Bank, Bank Asia, Dutch-Bangla Bank, The Farmers Bank, First Security Islami Bank, HSBC, Islami Bank Bangladesh, Modhumoti Bank, NRB Global Bank, Sonali Bank and United Commercial Bank.
BB executive director and spokesperson Subhankar Saha told New Age on Tuesday that the central bank had arranged a number of meetings with the banks in this regard.
‘Some banks have already complied with the central bank’s directives. The banks have already installed anti-skimming devices at 75 per cent of their ATMs,’ he said.
The BB will arrange another meeting with the banks and will set a new deadline for setting up PIN shield and installing anti-skimming devices at the remaining ATMs, he said.

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