Private lender, Axis Bank has entered into an agreement with a technology company, NCR Corporation for installing new automated teller machines (ATMs) equipped with a surveillance solution.

NCR will provide 400 ATMs that are going to capture the image of the ATM user along with the transaction details in order to prevent the fraud.

As per the press release by NCR Corporation, Axis Bank has purchased NCR Personas TM 77 Solo ATMs that enables the bank to launch new services like bill payments, check deposits, ticket bookings and mobile top-ups through software and upgradeable hardware platforms.

The ATM Surveillance solution captures the transaction information along with the image that is generated either by sensing the motion or by the swiping the card in the ATM. Moreover the solution is based in the ATM itself thereby removing the need for additional power supply, network connections and also securing enclosure for housing the equipment.

The image will be stored in a highly compressed format that can be viewed in the monitor in order to avoid time loss in case of any requirement at the ATM site.

Aspy said, "We are leveraging cutting edge technology to provide the highest levels of customer service. We are glad to partner with NCR on this journey to further expand the reach of our ATM network and keep up with growing customer needs."