The global banking sector’s dependence on Microsoft-based Windows XP operating system will soon put ATMs worldwide at risk, when Microsoft ends its technical support for Windows XP on 8 April 2014.
The move by Microsoft will result in ATMs not receiving regular security updates and hence will not be in compliance with the industry standards.
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According to ATM supplier NCR marketing director, Robert Johnston, the Windows XP operating system of Microsoft currently dominates the ATM market, powering over 95% of the machines in the world and in the US.
To avoid being phased out, banks should upgrade their machines with Windows 7 operating system.
US-based ATM software provider KAL CEO, Aravinda Korala, was quoted by Bloomberg Businessweek as saying that he expects only 15% of bank ATMs in the US to be on Windows 7 by the April deadline.
"The ATM world is not really ready, and that’s not unusual. ATMs move more slowly than PCs," Korala added.
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