Application of Biometrics in Secure Bank Transactions

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Provided by: Serials Publiations
Topic: Security
Format: PDF
The introduction and adoption of remote banking, after hour services through Automatic Teller Machines (ATMs), phone banking, online services and electronic commerce has changed the nature of financial services, giving people the convenience and the flexibility to do so much more with their time and resources. With remote banking, the channels of transaction move outside the walls of the bank, requiring adequate protection for both bank and customer. The ability to verify the identity of a specific individual is of critical importance in reducing acts of fraud and increasing security.
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