Bank biometrics take on the panic button
With the fast rising concerns over customer account security in banking, Siemens and AXSionics, a Swiss technology firm, have developed a new fingerprint scanner that links up with your bank account, according to an Economist article.
While fingerprint scanning as a means of access to one’s account is not new, this device carries a few other new features to help discourage thieves. Among the new features is the requirement that the finger used have blood pumping through it, to assuage any worries over a thief cutting off ones finger and using it to access an account.
Another feature is the designation of a panic finger. On the device a user may require any number of fingerprint readings be required prior to account access, however, they may also designate one of their fingers be used to simulate a transaction while secretly alerting the bank to the emergency.
As costs are still high with this new technology, analysts still believe that voice biometrics will find wide-spread use in banking before fingerprint readers do, however, they see this as a good solution for the more well-off bank customers with more to spend and more to protect.
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