The rate of ATM fraud has increased by 40 percent in the last 3 years. With a hike of 546 percent alone in 2016. Almost every one of us has to rethink our decision to use ATM cards. The impact is very large and will increase multifold in upcoming digital transactions of the world. The card detection techniques will be helping a lot of people.
The person being affected by the problem are all ATM Users and the urban population who perform daily digital transactions. The impact will be across India. The issues once solved can help to bring back trust of customers in banks.