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A new era is starting at ATMs: These transactions will be instantly rejected.
A new era is starting at ATMs: These transactions will be instantly rejected.

01.12.2024 21:30

Recently, the circulation of counterfeit $50 and $100 bills has caused panic in the market. The banking sector has taken a significant step in the fight against fraud by updating systems to detect counterfeit money.

The Istanbul Chief Public Prosecutor's Office has taken action due to the recent increase in counterfeit dollar cases. A large-scale investigation has been launched following claims that counterfeit money allegedly printed abroad has been circulated in Istanbul.

TBB HAS INTERVENED

The rising number of grievances caused by counterfeit money has forced the banking sector to take swift measures. It has been announced that the Turkish Banks Association (TBB) has made a comprehensive update for ATMs and currency counting machines.

Measures Against Counterfeit Dollars Are Increasing: ATMs Are Being Updated

TECHNOLOGICAL UPDATES ARE IN PLACE

According to TBB's statement, significant improvements have begun in ATMs, currency counting devices, and counterfeit money detection systems as part of the fight against counterfeit currency. With the ongoing update efforts, ATMs that can quickly identify counterfeit dollars will be able to reject these banknotes.

Measures Against Counterfeit Dollars Are Increasing: ATMs Are Being Updated

TRANSACTIONS WILL BE REJECTED INSTANTLY

Experts state that the integration of these technological innovations into ATMs will take approximately 7 to 10 days. Once the updates are completed, counterfeit money will be instantly recognized by ATMs, and transactions will be rejected.

With the system update, the aim is to prevent fraud cases and ensure that citizens do not suffer financial losses. This measure implemented in the banking sector aims to enhance security in the market.


 
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