Technology Computer & Networking security

Fingerprinting makes its way into banks

Fingerprints have now become absolutely indispensable for security purposes for their accurate determination and reliability. These fingerprints are the impressions made by the patterns of the ridges in human beings – it can be the palm of the hand or the sole of the foot. The uniqueness of fingerprints has made them irrefutable as evidence in establishing the identity of an individual.

The success of fingerprints in the process of identification, verification and authentication has led to the immense popularity of fingerprint scanners in the world today. Naturally many reputed companies are churning out world-class fingerprint readers which are well-equipped with USB software and perfectly trustworthy and ready for use.

Today the world is dependent on fingerprint identification systems most of the time for safety and security. Fingerprint readers are widely prevalent in many places like schools, colleges, airports, offices, hospitals and other high security areas. Even banks are not an exception.

Identity theft and check fraud has always been a cause for concern for banks worldwide. To avert this menace, banks all over the globe are nowadays resorting to fingerprint access control.

Many customers are becoming victims of scammers who are walking away with their precious money. Once they leave the bank, they become phantoms, thus making the banks and its customers suffer from losses. Fingerprint access control serves as an excellent method to keep such practices in check. Not only this, this process even helps to single out bank robbers and to stop their entry into the banks.

Another use of a fingerprint reader these days is to prevent identity theft. The ideal way to rescue oneself from the hands of counterfeiters is to prove one’s own identity through biometric login systems.

Today when a non-customer arrives at a bank with the purpose of cashing a check, banks ask the person for a thumbprint. In such a process the thumbprint is placed directly over the check that is ready to be cashed. The paper is ultimately destroyed but with this practice, thieves and fraudulent people are denied an entry. It has been seen that this practice has restricted the entry of potential fraudsters who would never try to submit their thumbprints for fear of being identified later and getting arrested.

This practice was originally developed by the Texas Bankers Association about a decade ago and although many detractors have often called it an act of invasion of one’s privacy, it is slowly growing in popularity and is spreading worldwide.

Today everybody in the USA is encouraged to have a fingerprint account and biometric login [http://www.bayometric.com/products/biometric-fingerprint-face-computer-logon-systems.html] while opening new bank accounts. But since no laws have been established regarding fingerprint identification in banks, many consumers are still apprehensive and sometimes find it difficult to comprehend the reason why they are being subjected to it.

But the process is no doubt successful which is why even South Africa has recently announced its plans of adopting the fingerprint verification system in banks. The African nation has even stated that such measures aid in combating potential identity crime and thus they are willing to embrace the fingerprint authentication soon.
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