Positively Authenticate Customer Identities with RightAccount™Fast, accurate & secure bank customer identification

Protect your customers and your institutionFinancial services customers need to feel safe and secure knowing that their identities are protected for each and every transaction. In a world where fraud and identity theft are increasing security concerns, bank patrons expect that their financial service institutions are investing in modern technology that can quickly, accurately, and securely verify their identities and protect their assets.

What is RightAccount™?Our RightAccount™ multimodal biometric identification solution is built with our award-winning Bio-Plugin™ identification management software and helps to safeguard against the rise in identity theft and fraud by positively authenticating customer identities directly at the point of service.

RightAccount™

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The number one reason behind bank fraud is the customer identity theft.

• An approximate 10 million people are victims of identity theft every year.• There are 19 new victims every minute of every day.• Bank ID theft is increasing at an alarming rate and is affecting millions of people.• The majority of identity theft incidents (85%) involved the fraudulent use of existing

account information, such as credit card or bank account information.• Victims who had personal information used to open a new account or for other

fraudulent purposes were more likely than victims of existing account fraud to experience financial, credit, and relationship problems and severe emotional distress.

Source: Identity Theft - Facts and Figures

Identity Theft & Bank Fraud Facts and Stats

Fraud and ID Theft A Rising Concern

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• Financial institutions incurred $955 million in losses due to debit card fraud in 2010 – a 21% increase from the $788 million in losses incurred during 2008.

• In 2011, 59% of the more than 37 billion debit card transactions that were made were verified by signature, 85% of all fraudulent debit card transactions involved signature “verification,” and $1.15 billion of the total $1.35 billion in debt card fraud losses (85%) stemmed from signature debit card transactions.

• Identity theft is a form of fraud that often results in unauthorized credit card and debit card transactions. There were 13% more cases of identity theft in 2011 than in 2010, yet the costs incurred by consumers actually represented a 44% decrease over the course of the previous eight years.

Source: Credit Card & Debit Card Fraud Statistics

Bank Fraud Statistics

The Negative Effects of Bank Fraud

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Seamless integration into existing banking

software

Establishes a concrete audit trail for

customer financial transactions

Eliminates risk associated with

password or Signature based

security

Improves customer service and brand

sentiment

Features of RightAccount™

RightAccount™ Helps to Prevent Fraud

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RightAccount™ enrolls customer based on fingerprint

+ finger vein pattern (when used with M2-FuseID™

device)

Customer scans a finger

Employee opens the new customer account

opening screen

Bank employee logs into the core banking

application

RightAccount™ prompts for customer finger scan

– locks all other operations

New account opening screen continues Audit trail created

Customer enters the bank and is directed to bank employees

for account transactions

We recommend our M2-FuseID™ “smart” finger scanner

as the biometric modality.

RightAccount™ Workflow

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Step 1

• Customer enters bank and is directed to bank employees for secure transaction.

Step 2

• Bank employee logs into the core banking application.

Step 3

• Employee navigates to inter-bank fund transfer screen.

Step 4

• RightAccount™ prompts for customer biometric scan – locks all other operations.

Step 4

• Customer scans a biometric.

Step 5

• RightAccount™ authenticates the customer based on biometrics, creates audit trail.

Step 6

• Inter-bank fund transfer operation continues.

How Does RightAccount™ Authentication Secure Bank Transactions?

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Here are some benefits of using RightAccount™ for customer authentication:

• Establish safe and secure transactions by protecting customer identities with their unique biometric features such as fingerprints and finger vein patterns.

• Improve customer service by eliminating the risk of sharing personal information over unsecured telephone lines with the use of voice biometric for customer authentication.

• Reduce identity fraud at the point of service by providing biometric authentication on mobile phones.

Why Adopt RightAccount™?

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www.m2sys.com

M2-FuseID™ “Smart” Finger Reader

Next-Generation Fingerprint Reader Delivering Optimal Security & Reliability with Advanced Finger Imaging and Liveness Detection

Capture fingerprint and finger vein simultaneously in a single touch

Contactless biometric data capture Liveness detection feature to prevent

spoofing and fraud Encrypted data transfer across USB to

protect data LED display visual feedback Intuitive interface Expansive operating range (0° - +40°C, wet or

dry)

RightAccount™ Recommended Hardware

Corporate Headquarters: 1050 Crown Pointe Pkwy.

Suite 850Atlanta, GA 30338

USA

Asia Office: House-279, Road-19,

Mohakhali DOHS, Dhaka 1216 Bangladesh

E-mail: info@m2sys.com Phone: +1 (770) 393 0986 Website: www.m2sys.com

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