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Oalva™ Launches SkimCatcher™ for ATMs

 

Oalva™ launches SkimCatcher™ to proactively thwart criminals who are placing skimming devices on ATM machines and secretly collecting sensitive credit and debit card information during the transaction process. While hardware vendors are working diligently to identify and adapt to the newest fraud devices, the reactive approach continues to give an edge to the fraudsters. Typically, hardware-based solutions can take 12 to 24 months to deploy and the actual solutions only temporarily help to reduce fraud for known and identified fraud devices at the time.

“Oalva Inc. developed the SkimCatcher™ with a totally new and simple-to-implement approach. By shifting our focus away from hardware modifications, we have built an extremely accurate and proactive product that eliminates ATM fraud for current and next-generation fraud devices that continue to be deployed in the marketplace by criminals. Using machine learning technology pioneered by Google™ (as a part of Google Brain™ developed for self-driving cars), we are excited to help financial institutions immediately identify and eliminate losses attributable to ATM fraud,” said James Dinkel, president at Oalva.

With SkimCatcher™ (using Google™ TensorFlow technology), Oalva™ has taken data capture, consistency and real-time information to the next level. Performing complex analytics on the captured data is the critical deliverable in the solution and Oalva™ is committed to providing immediate data-driven results to financial institutions to alert them of fraudulent behavior. Delivery of the actionable insights are summarized in a client-friendly dashboard and can be easily reviewed internally by a financial institution and ultimately shared with authorities assisting during criminal investigations.




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Betty Tűndikhttps://vegnew.world
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management, and store management skills to my experience throughout my career. Throughout my career, I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when I and my husband started a business with an online/organic webshop & healthy lifestyle consultancy. I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgment or negative reactions, this is thanked my knowledge in holistic therapies and the naturopathy courses I've followed. I cannot leave for my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma. Thanks to all my experiences I've decided to venture into publishing and writing, while also continuing to learn many new things daily. I hope you enjoy reading my hand-picked news and check back for my weekly articles.