Australian Banks rule out SMS for ATM withdrawals

Australia's big banks have ruled out sending SMS messages to bank customers every time cash is withdrawn from their accounts at ATMs, despite a warning that card skimming is rife here. The Sydney Morning Herald reports.

In Romania, where ATM skimming gangs operate, some banks had introduced tighter security measures including SMS alerts sent directly to customers every time an ATM withdrawal was made.

The text messages allowed customers to know instantly if their bank cards were being used by a fraudster.

emily | 12:17 PM | SMS and Banking |
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