Two men have been arrested in Dublin in connection with the use of a skimming device on a bank ATM in Kildare yesterday.
Skimming devices and credit cards were recovered at the scene of the arrests in Blanchardstown.
The two men in their 30s are being held at Kildare and Newbridge garda stations.
Kildare gardaí, supported by the Garda National Economic Crime Bureau, had been working closely with a major Irish financial institution in an attempt to intercept the criminals involved.
It is thought the criminals form part of an eastern European gang.
Gardaí say the arrests are seen as a significant development in the case which involved the targeting of eight different bank branches in Dublin, Kildare and Meath.
Speaking today, Detective Chief Superintendent Patrick Lordan, of the Garda National Economic Crime Bureau, said: "Gardaí are working on a daily basis with the financial institutions to prevent fraud.
"I would again like to stress the importance of being vigilant in all your financial dealings.
"Pay particular attention to suspicious activity or unusual items in the vicinity of ATMs."