HDFC secures ATMs

HDFC Bank has incorporated 'jitter-enabled' card readers in all its 1 910 ATMs in order to prevent skimming or capturing of card details by fraudsters, says Business Line.

Rajeeb Chatterjee, VP of ATM, net-banking and mobile banking product at HDFC Bank, said ATMs have become a more preferred mode of banking in the Indian banking industry.

NCR's jitter-enabled card readers will help prevent fraud by disrupting these attempts to copy the data with a random stop-start movement during card entry and exit.

Mizuho will roll out the latest version of Fortent AML (anti money laundering), which has been customised for the Japanese market, says finextra.com.

Fortent AML reviews every transaction based on individual behavioural profiles that are generated and maintained for each account and customer. The technology also scans the customer's business to identify money laundering scenarios, says Fortent.

Fortent, which opened a sales and support office in Tokyo last May, says the Mizuho deployment will be its first within a Japanese bank's domestic operations.

Venture capitalists have been investing in personal-finance Web start-ups, attempting to tap into a new generation of consumers who have never balanced a chequebook and view online money management as they would any other kind of Web service, says Australian IT.

These companies take advantage of Web 2.0 strengths: quick, attractive user interfaces, easy-to-use tools, and social features that make personal finance a community activity.

Companies such as Buxfer, Mint Software, Spendview and Wesabe allow consumers to aggregate all their credit card and online banking transactions. Then they analyse the transactions, categorise them, present an array of brightly coloured graphs and help people maintain a budget.