Some financial experts on Saturday urged the management of commercial banks in the country to intensify efforts to curb Automatic Teller Machine (ATM) frauds.

The experts gave the advice in separate interviews with newsmen in Lagos.

They expressed worry that ATM frauds had persisted, in spite of advancement in banking and urged that the problem should be tackled to restore public confidence in the banking sector.

Dr Tunde Adeoye, a lecturer in the Department of Economics, University of Lagos, advised banks to install ATMs that would be able to capture and maintain forensic evidence in case of frauds.

Adeoye said he hoped that banks’ recent introduction of biometric cards for withdrawals by customers would reduce ATM frauds.

“The introduction of biometric cards by banks was a good development,” he said.

Adeoye said that banks could also embark on effective audit to tackle malpractices associated with the use of ATMs.

Dr Kazeem Bello, also a lecturer in the Department of Economics, University of Ibadan, said that banks should beef up security around ATM centres to curtail fraud.

Bello also suggested the installation of cameras in ATM centres to prevent activities of fraudsters.

He said that ATM scam alerts should be given to customers.

“I have heard how difficult it is for banks, sometimes to unveil incidents of ATM frauds,” he said.

Dr Olumide Owoade, a lecturer in the Department of Economics at the Lagos State University, said that banks should regularly change passwords for their customers as a strategy to check ATM frauds.

Owoade said that banks could also encourage customers to protect their passwords adequately.

The lecturer urged banks to improve their staff welfare to discourage workers from aiding ATM frauds.

“Sometimes, bank staff know the pin numbers of customers which they reveal to fraudsters,” he said.