[taxcontrol]

Mostly the bank needs to review the controls in place and establish a process that more quickly detects changes to account / system authorizations.

[cuban leaf]

Mostly the bank needs to review the controls in place and establish a process that more quickly detects changes to account / system authorizations.

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This would be a good time to have actual cash on hand. One thing people fear is some sort of computer catastrophe shutting down all ATM’s and credit card transactions. However, the actual catalyst could be the banks voluntarily, all of a sudden, and all at once, shutting the system down to prevent the hemorrhaging of cash. The impact on us would be the same.

[laplata]

Thank you. That makes sense.

[Lazamataz]

Mostly the bank needs to review the controls in place and establish a process that more quickly detects changes to account / system authorizations.

MUCH more simple: Establish a semaphore system that only allows one login per card. You insert a card, and the system IMMEDIATELY goes to a lock file (and the time of PIN entry would be enough) and allows only that insertion to proceed. Even if other cloned cards pass PIN, the lock file would prevent any more transactions.