Fraud and identity theft is a global problem. Financially-motivated criminals use a variety of creative techniques for stealing personal details and committing fraud. According to Javelin Study & Research, the annual cost of identity fraud in 2007 in the United States alone was $45 billion. In Japan, there have been hundreds of bank card forgery cases involving dozens of financial institutions and hundreds of millions of yen. Banking and financial institutions are investing heavily in IT security to mitigate loss due to fraud, strengthen their trustworthy reputation, and create a competitive edge. Banks are using biometric solutions for reliable identification of ...
Back to ID-POD ID-POD ™ can be used to support a variety of banking scenarios: ATMs Banks are making large IT investments especially in the field of security to mitigate loss due to fraud, increase customer retention and create a competitive edge. Palm vein authentication at ATMs is being used in over 40 banks in Japan, while 1.6 million smart cards contain palm vein scan data. An enrolled customer inserts his smart card into the ATM station. The customer is asked to select the required activity. In the case of a withdrawal or money transfer, he is asked to place his hand over the ...
An iris scan provides an analysis of the rings, furrows and freckles in the colored ring that surrounds the pupil of the eye. This technology is widely considered the most reliable form of biometric identification.
Palm vein authentication has a high level of authentication accuracy due to the uniqueness and complexity of vein patterns of the palm. Because the palm vein patterns are internal to the body, this is a difficult method to forge.
Face recognition is one of the most flexible methods, working even when the subject is unaware of being scanned. People need to spend only seconds in front of an ordinary digital camera.
Multiple sensors, biometric and electronic access, for increased security, protection, and physical access control. PowerSill™ provides the complete security package; multi-biometric and electronic access sensor protection together in one solution. Extra protection to meet the increasing demands for security.
Palm Vein Authentication Leverages Innovative Biometric Technology to Deliver Enhanced Access Control while Simplifying Security Management.
Stricter security requirements for border control, the growth of identity theft and regulatory compliance are driving the need for biometric identification.
Banking and financial institutions use biometric security to mitigate loss due to fraud, strengthen their trustworthy reputation, and create a competitive edge.
In addition to complying with HIPAA data privacy regulations, BioGuard’s solution allows the optimization of treatment procedures, preventing errors and reducing paperwork.
In order to ensure safe travel, new and stricter security measures are being implemented. With biometric solutions enhanced security does not need to mean long queues and lengthy processing times which cause delays and financial damages to commercial stakeholders.
Enterprises and organizations require strong authentication to protect their sensitive computer networks and data from unauthorized access.