Bengaluru – September 17, 2024: AGS Transact Technologies Limited (BSE: 543451 & NSE: AGSTRA), one of the leading providers of integrated omni-channel payment solutions in India, providing digital and cash-based solutions to banks and corporate clients, today announced that it is strengthening security measures across 26,000+ ATMs in its network. The company has started implementing the latest security upgrades released by GMV, a Europe-based global leader in advanced technology solutions.
This security enhancement aligns with AGS Transact’s commitment to proactively meet regulatory guidelines mandating stringent security protocols for ATMs. Further, it ensures that AGS Transact’s customers benefit from secure and innovative payment solutions, reinforcing operational excellence and customer trust.
GMV’s solutions are designed to address the growing challenges in financial sector. AGS Transact has integrated several newly released features from GMV, specifically aimed at enhancing ATM security and operational efficiency. These features enable the company to protect both its ATM infrastructure and customers from existing and emerging threats. Some key enhancements, developed with feedback from the user community, include:
1) Whitelisting of ATM processes to prevent any unauthorised modification
2) ACL Merger Tool streamlining access control management across the ATM network
3) Hard Disk Encryption for stronger protection against potential hardware breaches
4) Gateway and Server Log Harvesting from Server’s Console improving operational monitoring and incident response
5) Support for M.2 Disks in ATMs improving ATM performance and reliability
6) Support for SQL Server 2022 Database enabling compatibility for more efficient ATM transactions
The initial partnership with GMV, established in 2017, allowed AGS Transact to leverage advanced security solutions to protect its ATM infrastructure from evolving threats. These upgrades are part of Company’s ongoing strategy to remain ahead of potential threats in the rapidly evolving digital and payment landscape, ensuring safe and reliable financial transactions for its customers.
As of June 30, 2024, AGS Transact Technologies has a total installed base of 73,000+ ATMs & CRMs. Its state-of-the-art transaction switching software processed ~625 million switching transactions in FY24.
