The problem of fraud in the banking industry: Are biometrics the answer? Online publication date: Fri, 27-Feb-2015
by Peter D. DeVries
International Journal of Services and Standards (IJSS), Vol. 7, No. 3/4, 2011
Abstract: Fraud is a growing problem in the banking industry. New legislative requirements have highlighted biometric technology as a reliable secondary means of authentication. This study is a review of literature on biometrics with a focus on feasible alternatives and implementation issues in the banking industry. The literature indicates that techniques like retinal scanning show promise. However, standards are needed in the following areas: (1) allowable degree of invasiveness, (2) desired ease of use, (3) use of biometric data and (4) security of biometric data templates. It is difficult to quantify savings from implemented systems. Therefore, top management should be involved in adoption decisions.
Online publication date: Fri, 27-Feb-2015
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Services and Standards (IJSS):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email firstname.lastname@example.org