“The banks and the industry are suffering significantly – as are customers – with the amount of fraud that happens with cards and PINs. But a fingerprint can’t be forged.” – Sergio Rainero, COO, Green Bit
With banks increasingly adopting biometric technologies to protect against fraud, Green Bit is highlighting its DactyID20 solution’s applications in the financial services sector.
The company has taken its prompt from Mastercard’s recent trials of biometric payment cards, which use fingerprint sensors embedded on the cards for user authentication, instead of the traditional PIN. While Mastercard is the biggest financial services firm leading the charge in this area, a number of organizations involved in the biometrics, payments, and payment cards sectors are clearly anticipating widespread adoption of this kind of technology.
In a statement, Green Bit COO Sergio Rainero lauded the move as an important step in today’s security environment. “The banks and the industry are suffering significantly – as are customers – with the amount of fraud that happens with cards and PINs,” he said, “But a fingerprint can’t be forged.”
And, of course, complementary to this effort and financial services firms’ growing enthusiasm for biometrics, is Green Bit’s DactyID20, an FBI/PIV-certified fingerprint scanner featuring a built-in spoofing detection system. It’s a solution that can also be leveraged by banks in an age when PIN-based security “has run its course,” as Green Bit puts the matter.