Biometrics firm Green Bit has noted that its DactyID20 compact single-finger livescan with FBI/PIV certifications can be used in combating fraud and identity theft within the financial and banking sectors. In a press statement, the firm write that biometrics are more secure and convenient for banking.Sergio Rainero, Green Bit's Chief Operating Officer said: “The banks and the industry are suffering significantly – as are customers – with the amount of fraud that happens with cards and PINs. But a fingerprint can't be forged. A fingerprint means the cardholder must, be there for the card to be used. Biometrics offers a real, live and unique way in identifying users in ensuring that the person making the transaction is entitled to do so. Now the banks can say you were there as they captured your fingerprint.”The firm added that It's simpler for a customer to place one fingerprint than to input a five-digit PIN and press proceed – one touch instead of six, speeds up processing times and takes away the headache of remembering your PIN together with the risk associated with card fraud.
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