The days of using your PIN every time you make a payment or unlock your phone might soon become a thing of the past. People are already switching to biometric identification techniques such as fingerprint recognition to validate the authenticity of the user. From maintaining the employees’ attendance to combating the challenges of online and offline fraudulence, biometric recognition systems have outsmarted every other security measure.
After its popularity in other environments, it is now gaining ground in financial payment systems. Biometric payment cards are already available and are gathering customer interest and engagement with every passing day. Let’s review this unique system and what makes it so sought-after.
1. Unique to the user:
A fingerprint consists of unique features such as ridges, valleys and minutiae points that are unique to an individual. It is almost impossible to replicate a fingerprint and it never changes with time unless there is an unusual occurrence.
Customers often mistype or forget their PINs or feel skeptical to use it, especially when they are making payments. Fingerprint identification eliminates such instances as the user is only required to use their fingerprint as their identity.
3. High security:
Security concerns are one of the most important reasons why biometric authentication has become the need of the hour. With biometric authentication, you are able to eliminate payment fraud activities such as card skimming, chip switching and shoulder surfing, etc.
PIN authentication might take a few seconds or more if you use the wrong one whereas fingerprint recognition is a seamless,near-instant process. This will save a lot of time for both the customers and businesses involved.
5. Low maintenance:
Biometric-enabled payment cards are more cost-effective compared to the maintenance cost of PINs and passwords. With the increasing demand for biometric credit and debit payment cards, fingerprint sensor technology providers are already working on a convenient and cost-effective enrollment solution for their clients.
6. Flexible design:
Biometric payments cards that are already gaining traction in the consumer market are thin, small and bendable. The innovative design makes it suitable to carry it like any other card.
7. Easy enrollment:
Initially the idea of using a biometric payment card might seem a bit far-fetched but the process of enrollment can’t get any simpler. The user is not required to visit a bank or upload their biometric data to any central database and they can enroll by simply placing their finger on the card’s sensor.
8. Enhanced user experience:
With high-quality fingerprint image and biometric processing, performance is optimized in an exceptional way. It allows the users to place their finger at any angle, so the card can always recognize the user no matter how they hold the sensor.
Gain more insights into the possibilities of biometric payment card systems with IDEX Biometrics, the leading provider of capacitive off-chip fingerprint solutions to the biometric card industry. Gain more insights into their best-in-class technological solutions here.
Biometrics have provided a more dynamic solution for business owners, who now have the ability to navigate various complications such as ID Swapping, undocumented access and the regular badge checking as well. Simply put, biometric systems are particular security systems that are integrated with human characteristics.
In most cases, these types of systems are used in business as a solution for access control and identification as well. Biometric identifiers are the unique and measurable characteristics that are used to label and describe individuals. In most cases, the biometric identifiers are often classified into behavioral and physiological characteristics. Some of them are related to the shape of the body such as face recognition, hand geometry and DNA as well. The behavioral aspects include patterns of behavior such as voice tone and typing rhythm as well. It’s important to note that the realms of the biometric systems world have been improving while costs have been decreasing as well, thereby making them a prevalent solution for most businesses today. These systems provide improved access control through operations that have various advantages as compared to the conventional security systems.
The importance of biometric identification systems in business
Accurate identification and accountability
Although the conventional business security systems are are accessible through the use of passwords, special PIN numbers and smart cards, you can also achieve a high level of accuracy by using the conventional biometric computer systems. In fact, once the system has been set up appropriately, you can easily use provided physiological information such as fingerprints and iris scans, which are more accurate and effective at determining system users. More so, these types of features are difficult to duplicate, thereby making them an excellent addition to your unique access control systems. By using biometric identification logins allows the user to easily connect to a particular database or business networks as well. Therefore, the biometric systems are used to create a clear and meaningful audit trail for user transactions and as an access control system as well.
Easy, time-saving and Safe for Use
One important benefit of these types of system is that they make excellent solutions for identification and they are also simple to use. The biometric technology provides users with precise results and with minimal invasiveness since a simple scan or user data is needed to activate the business system functionalities. Furthermore, the special software and hardware can be set up without the need of special expertise or technical knowledge. These systems are also extremely efficient, which is another significant benefit that it has over the conventional security system. In fact, a user can be authenticated or denied access within a few seconds or perhaps up until the system administrator can allow them access. For this reason, these systems are excellent time savers for business owners who want to cut down on work time and increase productivity.
User-Friendly Systems, Scalable and secure
Once the access control systems are installed for your business, you can assume functionality of the system as soon as it starts running. While you may need some basic training into how to navigate the system, it often takes a short duration to master all the caveats and requirements of getting the system in full operation. Moreover, another notable advantage of these types of systems is that they guarantee long-term security for the business. One big challenge of the conventional access control systems is that they often comprise of various verification steps and a combination of many characteristics, which can be rather tough to remember. The biometric systems are not only highly versatile, but they are also scalable as well. In fact, you can use several versions of the system sensors and security systems with regards to your system requirements. For instance, at the lowest level of the business system, you can use the rather discrete features and when you are going for high tech security levels, then you might opt for the sophisticated user features.
Convenience and versatility
The biometric identification systems are regarded as a highly convenient system since the user is not required to remember any passwords, or perhaps carry badges, ID cards and even documents. As a result, the business system is much more secure and the user can access to the system provided they have the appropriate privileges as rights. However, users of the conventional biometric Systems users forget their ID cards and passwords, may fail to complete tasks assigned to the on time thereby limiting the productivity of the business. However, with biometric systems access if often a simple and quick procedure. It’s important to note that the consumer market is nowadays packed with a broad spectrum, of biometric scanners that can be used for various business security applications. Some of the can be used at checkpoints such as entrances, doorways and when accessing system computers as well. Further lending to the versatility of these types of systems is that the system administrator can easily classify the system users that have access to specific system functionalities.On top of that, the system administrator can also monitor user transactions and determine when a particular activity took place in the business systems.
The other notable benefit of investing in these types of systems is that you can easily mitigate the effects of any fraudulent activities and also track the average hours of work per user and reduce on management time and costs. While the system security might be enhanced, you still retain the capability of implementing new business system policies and procedures at the same time. And all you have to do is to provide a one-time installation cost and reserve for some occasional maintenance.
Given all these points, biometric identification systems are an excellent investment for the contemporary business security needs. These systems are simple to use, versatile and scalable, thereby making them a necessary addition to any technically savvy business institution. However, while the system might take a significant duration to install and to grasp its functionalities fully, it does provide a more robust solution for improving the productivity and safety levels of the system as well.