Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

Man pleads guilty to skimming Valley National Bank ATMs

April 28, 2011
Total Loss: $278,000

A Brooklyn resident pleaded guilty to federal charges that he installed "skimmers" and cameras on Valley National Bank ATMs in Belleville and Nutley, the U.S. Attorney's Office announced.

In skimming, a hidden device in the ATM records the magnetic strip of an ATM card. Meanwhile, a small camera films the ATM keypad while users type their personal identification number.

Source: NorthJersey.com
Posted in: Debit Card Fraud Deposit Account Fraud
Tags: ATM skimmingbank fraud