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CO-OP ATM Managed Services now available

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RANCHO CUCAMONGA, Calif. (9/23/10)--CO-OP Financial Services has announced that CO-OP ATM Managed Services is available. The services will help credit unions outsource the implementation and management of their ATMs. With CO-OP ATM Managed Services, credit unions turn over their ATM-related issues to one source. The suite aims to help credit unions cut costs, simplify management and maximize the member experience at the ATM, CO-OP said. Specifically, ATM Managed Services offers credit unions:
* Fleet consultation and financing, including technology recommendations and financing/leasing analysis and options; * Fleet maximization and innovation, including deployment and implementation of new or upgraded devices and compliance updates; * Fleet management and coordination, including device support, management of vendor services, and a single source for support and billing; and * ATM processing, including CO-OP Connect infrastructure, terminal driving, reporting, advanced fraud detection and prevention and adjustment processing.
CO-OP, Rancho Cucamonga, Calif., provides network and payment services to credit unions, and 28,000 surcharge-free ATMs and 4,000 shared branching locations.

TMG to arm ATMs with anti-skimming technology

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DES MOINES, Iowa (9/23/10)--The Members Group (TMG) will offer ADT Anti-Skim ATM Security Solutions to all clients who operate ATM networks. A referral program with ADT Security Services will provide clients with pre-and post-sales support. ADT will install and service the devices, which aim to prevent fraud related to skimming. ADT Anti-Skim solutions offer several layers of protection, including a surface sensor device and an electronic anti-skim jamming device. The surface sensor can detect the presence of a foreign object placed over an ATM’s card entry slot. It triggers a video surveillance sequence or silent alarm. The anti-skim jamming device renders a skimming device useless. Skimming attacks are reported rarely by financial institutions, according to Karen Postma, TMG senior cards risk manager. If a financial institution connects Anti-Skim with ADT’s command center, reports of attacks can be documented, which helps law enforcement shut down crime rings, TMG said. “Many of our clients operate ATM networks in particularly hard-hit regions,” Postma said. There has been a rise in skimming attacks along the East and West Coasts, TMG added. TMG is a wholly owned subsidiary of the Affiliates Management Company, which is owned by Iowa credit unions and their members.