The CCRS ensures secure handling of captured cards at ATMs, enhancing efficiency and compliance with PSD Circular #1, 2008. This system provides centralized tracking for On-Us, Off-Us, and international card types, allowing member banks to streamline captured card reporting. Benefits include fraud prevention, real-time monitoring, rapid response, and improved customer trust. The CCRS Operating Process outlines detailed guidelines for system operations.
Role of Captured Card Reporting System
As digital financial services grow, safeguarding financial assets is crucial. The Captured Card Reporting System (CCRS) prevents unauthorized use of ATM-captured cards, ensuring secure transactions and offering transparency for stakeholders.
Key Advantages:
1LINK Payment Reconfirmation Services
1LINK Payment Reconfirmation Services deliver real-time transaction status updates across multiple touchpoints, such as call centers, ATMs, and banking apps. This service improves operational efficiency, customer experience, and fraud prevention.
Features & Benefits:
Launched on October 31, 2023, CDMs enable customers to deposit cash conveniently at branches, malls, and transportation hubs. Additional services include cheque deposits, bill payments, and tax payments. CDMs reduce branch footfall and mitigate risks related to manual cash handling.Key Features:
