The Benefits of Using Biometrics in Banking

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1 The Benefits of Using Biometrics in Banking

Transcript of The Benefits of Using Biometrics in Banking

Page 1: The Benefits of Using Biometrics in Banking

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The Benefits of Using Biometrics in Banking

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How does biometric identification work?

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Biometrics are automated methods of recognizing bank employees and customers through their physiological

characteristics such as fingerprints, finger and palm veins, iris patterns, and voice recognition.

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Benefits to Employees

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Biometrics benefits employees by providing more secure and

user friendly individual identification using unique

biometric characteristics. Major benefits include…

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• Fast, secure, and user friendly authentication• A concrete audit trail of

transaction history• Fast branch banking• Encourages accountability and

productivity

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Benefits to Employees

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Benefits to Customers

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Customers demand secure banking systems that protect their individual identities.

Biometric identification answers the call by providing banks the most accurate and

secure technology to identify customers. Major benefits of biometrics in banking to

customers include…

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Benefits to Customers

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• Fast and secure banking transactions• Secure ATM customer identification• Secure mobile banking• Increased convenience and peace of mind

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Benefits to Banks

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Biometric identification technology is an integral and strategic part of financial service security platforms to prevent identity

theft and fraud. The major benefits of biometrics to banks include…

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• Reduction in security breaches• Fraud protection• Identity theft prevention• Secure mobile banking app authentication

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Benefits to Banks

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1050 Crown Pointe Pkwy.Suite 850, Atlanta, GA 30338

USAPhone: (770) 393-0986

Fax: (678) 559-0219E-mail: [email protected]

www.m2sys.com

For more information on how to implement biometric ID in banking, please contact us!

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