CMS Algo is machine independent, and will operate for any ATM with any OTC safe lock. | Mumbai, India
CMS Info Systems (CMS), India’s leading Cash Management Services Company has launched world's first fully automated, Artificial Intelligence powered, mobility based, ATM Security software application, Algo. CMS Algo is an end-to-end security encrypted fool-proof solution to prevent ATM frauds at the time of cash replenishment or maintenance.
RBI Guidelines mandated banks to implement logical and physical security measures in all ATM terminals including Hard-disk encryption, anti-skimming devices, OTC (One Time Combination) enabled safes and vault locks, white listing, black-listing among others. CMS Algo helps banks to implement RBI guidelines on OTC Lock activation through providing first-time-ever geo fencing & GPS enabled, user face recognition, credential authentication, backend service request compliant; OTC code generation software.
CMS Algo is machine agnostic and can operate on any ATM OEM with any safe / vault lock. The ATM machine could be manufactured by NCR, Diebold-Wincor, Hyosung or any other and the lock could be from S&G, Kaba MAS Hamilton, Securam, Perto or any other OTC make with one time integration – Algo can be deployed by banks across the world on their ATMs to become fully compliant to the latest Global norms for ATM safety and security.
Speaking on the launch of CMS Algo, Rajiv Kaul, Executive Vice Chairman, Chief Executive Officer and Whole time Director, said, "We are delighted and proud to have developed World’s first Artificial Intelligence automated ATM Security software application. This application can run on any ATM across the world and helps in fraud prevention. The solution is cost effective in the backend and low cost in the front-end. The biggest saving is the reduction of fraud, no requirement of a call-centre, and restricted access to data and premises. We have deployed Algo on the 52,000 ATMs that we are servicing on behalf of customers in India. Bank of Maharashtra and Catholic Syrian Bank have already subscribed to Algo. We are in discussions with other Indian and International banks & Cash Replenishment Agencies for the implementation of Algo."
CMS Info Systems Ltd. (CMS) is India’s leading Cash Management and Payment Solutions company, that handles cash processing to cash-intransit, from cards to ATM network management, retail management and managed services. CMS manages the entire flow and management of money for the 115,000 business points that it serves every day - from when the RBI initially deposits cash in the bank’s currency chests, to when cash is deposited back in banks after going through the various stages of the cash cycle. CMS became India’s largest physical payments company in 2012. Asia’s largest PE firm, Baring PE Asia owns 100% stake in CMS Info Systems. For more information, please visit: www.cms.com