BIOMETRICS: Fighting ID theft at the ATM

BIOMETRICS: Fighting ID theft at the ATM
Tags: Bank / Credit Union, Biometrics, Multifunction ATMs, North America, Regulatory Issues, Retail / Off-Premises, Security, Trends / Statistics
August 18, 2008

Scientific American: Navigating the complexities of everyday life depends on an array of cards and passwords that confirm a person's identity. But lose a card, and the ATM will refuse to give out money. Forget a password, and the computer may balk at a command. Allow cards or passwords to fall into the wrong hands, and what were intended to be security measures can become the tools of fraud or identity theft. Biometrics — the automated recognition of people via distinctive anatomical and behavioral traits — has the potential to overcome many of those problems, experts say.

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