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SRS “Secure revolving system”

The proposed solution is called SRS “Secure revolving system” which can be attached to an existing ATM or can be incorporated into new ATM models. The main characteristic of the SRS device is highlighted by the insertion of the credit card on its width (not on its length like in present cases), with the magnetic tape facing down. Considering this innovation, the magnetic tape cannot be copied under any circumstance by skimming devices, devices which need to read the magnetic tape on its length in a sequential manner. SRS assumes the credit card and its mechanical and electronical devices rotate it, inserting it into the ATM (or any other device that uses plastic credit cards). After the transaction is completed the released credit card is again assumed by the SRS and with the same rotary motion, but in an opposite direction, it is returned back to the user in the same position as it was initially inserted (on its width and with the magnetic tape facing down). Using this manner of inserting the credit card, on its side, the translation motion of reading the tape is no longer possible, making it useless to install skimming devices on ATMs.

The developing stages of the project:

  • month 1 – month 2
    • R&D concerning the design, the achievement and the approval of the experimental model – EM;
    • Acquisition of fixed assets;
    • Informing the beneficiaries;
  • month 2 – month 4
    • acquisition of support services for innovation – market research     (month 2 – month 4);
    • design of the EM (month 3 – month 4);
    • acquisition of raw materials and supplies necessary for achieving the EM (month 3 – month 4);
  • month 5 – month 6
    • achievement of the EM;
  • month 7 – month 8
    • prototype design;
  • month 8 – month 15
    • acquisition of machinery and equipment for starting the manufacturing process (month 8 – month 14);
    • acquisition of materials for the prototype (month 8 – month 9);
    • achievement of the prototype (month 10- month 11);
    • support services for innovation – experimentation and certification of the prototype (month 10 – month 11);
    • acquisition consultancy services for innovation: technological assistance, education (month 12 – month 15);
    • acquisition of raw materials for the Series Zero (month 13 - month 14);
  • month 16 – month 17
    • technical documentation for starting manufacturing;
  • month 18 – month 19
    • achievement of the Series Zero;
  • month 20 – month 21
    • marketing the results;

Activities that are performed during all the stages of the project:

  • information and advertising
  • management
  • audit

Current development stage and updated information:

 

Results:
                By 31.03.2012 the following activities have been finalized:

  • R&D concerning the design, the achievement and approval of the experimental model – EM;
  • design of the EM;
  • acquisition of raw materials and supplies necessary for achieving the EM;
  • acquisition of fixed assets;
  • acquisition of support services for innovation – market research;
  • acquisition of publications and subscriptions (Informing the beneficiaries);
contor
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