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Card-not-present transaction to cost Retailers over 100 Billion

Over the last couple of decades, the use of credit cards is increasing rapidly and consequences lead to the online transaction through e-commerce. Transactions through credit cards are done in two ways; using the cards in POS or using the card information in online payment gateways. The credit card fraudulent activities may conduct in both ways; card present fraud and card not present fraud. Usually, the loss of card present fraud bear by the card issuer and on the other hand the loss of card-not-present fraud goes to the merchants. In both cases, there are significant security measures taken by the card issuers and also the payment gateways, but the fraudsters are continuously making their way out of those. Whenever the e-commerce is growing rapidly, as a result, the rate of a card-not-present transaction is rising several times and the fraudulent activities are occurring through online phishing. Recently a Research published the report that within 2018 to 2023 the retailers ...

Application of Iris Biometric Authentication in Different Sectors

Iris biometric authentication is the most accurate and precise authentication system, and that’s why its application has been observed in the most sensitive sectors where security concern is high. The system captures a picture of a person’s eye, and the iris in the image is then implied for the further division and standardization for separating its characteristics. The matching of iris recognition authentication depends on the procedure of division. The division is utilized for the restriction of the right iris area in the specific segment of an eye and it ought to be done precisely and accurately to expel the eyelids, eyelashes, and reflections of iris area. Application of Iris Biometric Authentication As the pattern of irises are complex and almost impossible to spoof it has been using in the most sensitive sectors for proper identification of an individual. The application of iris biometric authentication already implemented in the below verticals: National ID Every na...

Benefits of Biometric Authentication in Information Security

Information is the most powerful tool in today’s business world. Government and private both sectors are using the data to facilitate the service and understanding the trends. According to a report, taking the timely decision is very simple if you have information. On the other hand, if the information leaks, anyone can interrupt in your interest. So the information security is visible to hold on the prosperity and biometric authentication in information security helps in many ways. Information Security Information security is the means of controlling unauthorized access to your data or information from being re-used, shared, modified, duplicated and manipulated by a third party as well as competitors. Information may take any form like physical or printed form and electronic form. Biometric Authentication in Information Security In the age of technology, the information is stored in electronic forms to ensure its security and protect it from being lost. But the neote...

New Zealand Experience the New Era of Biometric Banking

One of the primary trends of the modern technological and industrial world is the shift to a more customer-centric approach regardless of the field or niche you operate in. And in order to make sure that your customers are satisfied with your service, you must ensure that it is fast paced and as convenient as possible for them. The purpose of modern technology is to induce speed in processes that traditionally hog up a lot of staff and customer time as well as simplify the processes for the customer by capitalizing on the finer details. Biometric verification is one such technology that is being applied across a multitude of fields and industries to great reviews and results. BIOMETRICS IN BANKING With ASB having announced their version of a biometric ID verifying the mobile application for six of their bank branches in South Auckland last year, we are finally seeing and experiencing the integration of biometric technology in New Zealand Banking. Believe it or not, many ...

Advantages of Iris Biometric Authentication System

Iris biometric authentication system is being used in many countries to identify millions of people for several issues around the world. The technology is easy to use and difficult to be forged. It has been used in different projects and gateways like healthcare, national ID and immigration for its advantages, features, and benefits. Iris Biometric Authentication Among the different biometric modalities like a fingerprint, finger vein, palm vein, facial, retina, etc. iris is one of the most reliable ones. Iris biometric authentication is the complex mathematical pattern recognition technique that identifies the unique and stable video images of the single or both irises of an individual which is possible to distinguish from a distance range. Advantages of Iris Biometric Authentication System The characteristics of an iris are significantly unique for each and can be recognized from a distance. That’s why it is challenging to be forged and compared to other biometric modalities fa...

5 Reasons to Use Fingerprint Recognition Software for Secure Identification

Technology has blessed our lives in many ways. Addition of fingerprint recognition software to our life for security purpose has added a new dimension. Once security is maintained by the so-called security guard, paper log system, traditional locks and pin, and password based devices. All these methods have come to an end; now the time has come to embrace the most innovative security technology for secure identification. Here in this article, we present five precise reasons to use fingerprint recognition software for security identification. Unbreakable Safeguard Fingerprint software is the unbreakable safeguard for you. Fingerprint stays with us for the entire life. It never changed and cannot be manipulated, even if someone tries to spoof the system, liveness detection technology can recognize it. It means no one can break your security, it is impossible to forge and can perform the secure identification. Convenient Usage Think about a situation where you have to...

Application of Biometric Technology in Different Sectors

It’s not been so long, the Biometrics Technology flourished. But the origin of the technology was in ancient age when people were familiar with the fingerprint for individual identification. But since the last two decades, biometrics technology got exposed to mass people, and the scope of its application got new dimensions. The technology identifies humans by matching their unique physiological patterns like the fingerprint, iris/ retina, face, voice, vein, and gesture. In today’s fast-moving world different industries have adopted this technology for its errorless recognition in the fastest time. Read the details from here.