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Banks have implemented a new insurance system against theft and fraud cases. This system aims to enhance the security of users' data by the banks.
Nowadays, ATMs enable banking transactions to be carried out quickly and easily. Users can effortlessly perform transactions such as cash withdrawal, account balance inquiry, and money transfer with 24/7 access. Especially in urban life during busy hours, ATMs save time and make life easier.
A NEW ERA HAS BEGUN IN BANKING
Users who prefer ATMs may face risks such as password security, robbery, and pickpocketing. Banks are working hard to make ATM usage even more secure by improving their security systems. A new era has begun in banking. Many banks have developed special insurance packages for ATMs for their customers. These packages will also prevent incidents of robbery and pickpocketing around ATMs, as well as situations like card cloning.
NOW THAT DOCUMENT WILL BE REQUIRED
Additionally, insurance products that prioritize identity security will also cover fraudulent transactions resulting from the theft or loss of identity information. Banks are including not only their own cards in this insurance coverage but also other bank cards owned by customers. Under this regulation, banks will ask citizens to carry that document with them when withdrawing money from ATMs.
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