AGS Transact Technologies Limited (BSE: 543451 & NSE: AGSTRA), a key player in India’s integrated omni-channel payment solutions, has announced a significant boost to the security of over 26,000 ATMs in its network. The company is rolling out advanced security measures developed by GMV, a global leader in technology solutions based in Europe.
This move reflects AGS Transact’s proactive approach to complying with regulatory guidelines mandating robust ATM security protocols, further securing its position as a trusted provider of both digital and cash-based solutions to banks and corporate clients.
The newly implemented security features, tailored to meet the growing challenges in the financial sector, include:
- Whitelisting of ATM processes to prevent unauthorized changes
- ACL Merger Tool for streamlined access control management
- Hard Disk Encryption for added hardware protection
- Gateway and Server Log Harvesting to improve operational monitoring
- M.2 Disk support to enhance ATM performance and reliability
- SQL Server 2022 Database compatibility for more efficient transactions
This collaboration with GMV, which began in 2017, has enabled AGS Transact to continuously upgrade its infrastructure in response to emerging threats, ensuring safe and seamless financial transactions for customers. As part of its long-term strategy, AGS Transact remains committed to providing secure and innovative payment solutions.
With over 73,000 ATMs and CRMs installed as of June 30, 2024, AGS Transact’s state-of-the-art transaction switching software processed around 625 million transactions in FY24, demonstrating its operational excellence and market leadership.
