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Another World's First - Kalignite helps reduce ATM fraud in Chile

With the help of KAL, BCI Chile (Banco de Crédito e Inversiones) has successfully eliminated some types of ATM fraud.

The world’s first deployment of a new patented technology called Magneprint from Magtek is reducing card skimming attacks on ATMs. KAL, Belltech and Magtek teamed up to provide BCI Chile with the new solution that can significantly reduce fraud.

Magneprint allows the magnetic stripe on the ATM card to be “fingerprinted”, so that if a forged card is made from the original card, it can be detected by Magneprint as a forgery. One major advantage is that the bank does not have to issue smartcards (also known as chip cards) which are an alternative way to stop card skimming attacks. When BCI initially approached their ATM hardware vendors asking them to implement this solution, they said it could not be done. Wrong. KAL provided the software that seamlessly integrates the Magneprint hardware into BCI’s existing ATM hardware.

If your vendor says “it cannot be done”, call KAL. We always deliver.

FaLang translation system by Faboba

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