Advantages Of Biometrics In Banking Security!

As biometric security technology has continued to develop, biometrics in banking has emerged with many new ways of implementing biometrics into the banking world.

Banking is only one of the industries that are being profoundly affected by the advances in this security technology.

Since banking is such a such a sensitive industry that often requires consumers to identify themselves, biometrics security offers many excellent advantages.

Certain forms of identification are easy to counterfeit, which has led to a rise in identity theft today. By making use of biometrics technologies, the banking industry can enjoy enhanced security, providing consumers with better security that protects their money, financial information and identity.

Top 5 Advantages Of Biometrics In Banking Security!

Protecting Banking Information with Fingerprint Readers

When it comes to biometrics banking, one advantage of using biometrics in banking is the ability to protect banking information with biometric fingerprint readers. Bank computers include a huge amount of very personal and financially sensitive information.

If an unauthorized person was to access that information, it could be devastating to the bank and its customers. Many banks are beginning to use biometric finger print reader systems that can be used on various computers throughout the bank.

A biometric usb flash drive can be directly inserted into a USB port on any computer. A biometrics usb 2.0 flash drive includes an optical sensor where you place your finger to provide your fingerprint. In order to gain access to the computer and its information, the fingerprint given must match fingerprints that were previously recorded into the biometric usb storage device.

Avoid Security Problems Online with Biometric Signature Verification

Yet another way that biometrics in banking is offering consumers great advantages is by helping to avoid online problems by the use of electronic signature verification. Systems are now available that include a usb smart card reader.

The biometrics card has the digital signature of the individual on the card. To use it, the card must be used in a smart card reader. Then, a biometric fingerprint reader is used by the individual to scan their fingerprint, which if validated, will unlock the card and the signature it carries. This biometric smart card technology can be used to send payment electronically and to send data on the internet as well.

Secure Online Banking with Fingerprint Readers

For those who are choosing to bank online today, biometric banking is becoming a reality for many. Certain online banking institutions are making use of fingerprint readers to verify customers and eliminate problems with identity theft and online banking fraud.

With small biometrics fingerprint readers, bank customers simply scan their fingerprint to gain access to their bank account online, allowing them to enjoy more secure banking. The company keeps a centralized fingerprint template database and biometric software is used to compare the fingerprint scanned with the biometrics database to identify and authenticate customers.

Only a person offering the correct fingerprint will be able to access the account. This adds another layer of protection to those individuals that choose to do their banking on the internet.

Easily Use ATMs with Biometric Iris Scanners

Many people today worry about someone stealing their ATM/Debit card and taking money from their bank account. For most traditional ATMs, all someone would need is the card and the pin number.

However, biometrics in banking security is beginning to be used by some ATM companies to protect individuals. Instead of merely having to insert the card and type in a pin number, new biometric technology has brought about pilot machines using iris and facial recognition technology that require the ATM card as well as an iris scan before the individual can go through with the transaction.

When the customer is biometrically authenticated, then their transaction can be processed. This process takes no longer than a regular ATM transaction and makes it almost impossible for someone other than the customer to use the ATM card to do a transaction.

Customer Identification with Iris Scanners

Currently most tellers within banks have to establish identification with signatures, picture identification or identification cards.

However, new developments in biometrics in banking have brought about biometrics identification systems used at teller windows that can instantly identify the customer.

Instead of using a signature, ID card or picture ID, the customer simply has their iris scanned using biometric eye scanners to identify and authenticate the customer. This method of biometric identity verification is fool proof, protecting both the bank and the customer with a biometric solution that is available today..