Read Larry Connors' blog – Short Term Trading Strategies
Mr. Hazem Yousef, General Manager of the Egyptian Arab Land Bank, stated, "We have recently installed the latest state of the art security systems at all our ATMs across Jordan to ensure the security of our customers whenever they are withdrawing money or using the various banking services available through our machines. The security and control monitors are a simple and effective approach to keep our customers secure by strengthening fraud detection and prevention capabilities which will protect them against the rising volume of fraudulent activities occurring worldwide."
The new security and control monitors include a variety of new features such as CCTV monitors, new technology to verify card information, shaking of card when entered and ejected to ensure security of the information, as well as secured buttons that prevent the customer's PIN number being duplicated.
The bank also provide customers with some basics instructions to keep their ATM cards secure including not allowing other people to use their cards, watching out for any strange devices that may be used to remotely copy card information, and also to be careful of retailers who claim they need to use the card twice when charging for purchases. Any lost cards should be reported to the bank immediately, and customers should regularly check their bank statements and report any suspicious transactions made on their account.
Although criminal activity concerning ATMs is still fairly rare in the Middle East, according to a report published by the European Network and Information Security Agency (Enisa), ATM thefts are growing worldwide, with losses in Europe alone last year amounting to EUR500m.
The Bank's ATM machines are located at the following locations: The Regional Department Building, King Hussein Medical Center, Abdoun Circle, Martyr Farhan Al Husban Street, Hammamat Tunisiya Street, the Arab Academy for Financial and Banking Sciences, Jabal Al Hussein- behind the opera house, New York University, Sweifiya, Irbid, and Zarqa.
The Egyptian Arab Land Bank was established in Cairo in 1880 and is fully owned by the Egyptian Government. In 1951, it became the second bank to establish a presence in Jordan and since then has been offering customers with a comprehensive range of financial, investment and retail banking services from Savings Accounts and Deposit Boxes to Personal, Car and Real Estate Loans.
(C) 2009 Mena Report (www.menareport.com)
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
