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Strong Growth for Biometrics in Financial Institutions Expected Globally
According to the latest analysis from Frost & Sullivan, the financial biometrics market accounts for almost a third of the revenues of the total biometrics market revenues globally. It is expected to grow at a compound annual growth rate (CAGR) of more than 50 percent from 2006 to 2013.
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Case Study: Iris Recognition Enhances Security, Accelerates Traffic, and Reduces Costs
at Border Crossing
"The ability of LG's IrisAccess® to definitively authenticate visa holders and allow them to enter the country as often as necessary is one thing. Accomplishing this with time savings of over 2400 percent, while reducing the manpower needed to achieve this productivity increase, was way beyond our expectations."
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Case Study: Spartan Insurance and onClick Corporation – Building Each Other’s Business
onClick presents a case study demonstrating how their DigiPad – a signature capture device that binds and verifies handwritten signatures electronically using the concept of biometrics - increased production by 85% due to streamlined process of binding, storing and accessing of documents. |
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Prevent Unauthorized Access with Fingerprint Readers and Smart Cards
Banque de Luxembourg employee's login in with fingerprints and smart card. Each user had a single card for workstation and IT login, time management systems, elevators, paying in the Banque's restaurant and accessing building and parking.
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New Biometric Information Standard Issued for Financial Industry
A newly issued standard for Biometric Information Management and Security (X9.84), for use in the financial services industry, has been published by the Accredicated Standards Committee (ASC). |
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Insurance Company to Implement Biometric Signature Software
National Health Insurance Company (NHIC), which market catastrophic health insurance products, will implement Sign-it biometric electronic signature software for use with its tablet PC devices used for the completion of all application and enrollment documents and forms electronically.
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Diebold, Inc. Incorporates Hand Geometry for Safe Deposit Box System
Diebold, Inc. has incorporated hand geometry in their PassVault self-service safe deposit box system. The system has been implemented at the East Memphis branch of the First Tennessee Bank. |
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Notable Deployments of Iris Scanning
There have been a number of notable deployments of iris recognition technology, considered one of the most precise biometric technologies available today. |
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Combating Identity Theft
Incidents of identity theft have grown exponentially over the past few years and have recently become a mainstay of US media attention. Each week breaking headlines reveal new and seemingly more complex and frightening schemes to appropriate and exploit the identities of unsuspecting individuals.
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