When Metuchen Savings, a 100+ year old community-based bank in New Jersey, sought to extend its LAN/WAN between the branch and two administration buildings, it sought the help of On-Line Communications and Fluidmesh Networks to get the job done. Replacing the existing laser antennas with a solution that addressed all mandated requirements, time lines, and budgetary considerations was a challenge.
Zwipe AS and MasterCard announced the launch of the world’s very first contactless payment card with embedded fingerprint biometrics. Combining on-device biometric authentication with the convenience of a contactless credit card, the new solution allows for a purchase of any amount to be made without the entry of a PIN, something that has never before been offered by a payment card.
Parabit Systems recently received two major orders totaling 1,500 units of its SkimGard (ATM Lobby Card Access Skimmer Detection System) with its new ACS-1E access control system, to be delivered by the end of 2014. With these orders, Parabit’s SkimGard and ACS-1E ATM Lobby Card Access Control System will be securing and providing Skimmer Detection at over 5,000 ATM Lobbies within the U.S by year end.
DigitalPersona, Inc., a trusted partner for biometric identity verification solutions, announced that Coppel Corporation, a group of retail and finance companies, has chosen DigitalPersona® fingerprint technology to verify employee and customer identities in more than 800 banks and 1,000 Pension Fund Offices throughout Mexico, Argentina, and Brazil. Coppel Corporation also maintains similar biometrics-based solutions in […]
Genetec, a global provider of unified IP security solutions, announced the SV-32, the latest offering in its line of turnkey network security appliances. Designed for customers that require a small size Network Video Recorder (NVR) —such as retail and banking organizations— the SV-32 will be able to support up to 32 cameras and will offer […]
S Apple’s iPhone 5S has a fingerprint scanner, and now Samsung’s revealed a print-reading Galaxy S5 . Each allows for payments to be verified using a swipe of your digits. Is this the possible future of all transactions? Perhaps, and Visa is now exploring the area too to ensure it will be ready for the possible sea-change. "Smartphones equipped with fingerprint scanners are definitely useful. There are all kinds of technologies that we are seeing, and a lot of innovation in this space. We’re working with these technologies, and they are all very interesting," said Jon White, Visa’s Head of Marketing, Mobile Strategic Alliances. For the time being at least, it seems any such system would still need to be linked to a mobile device, and Visa’s current challenge is separating mobile device access authentication systems from the payment credentials — were someone to infiltrate one system through biometric readings, Visa want to ensure your bank balance would not be compromised. "It’s a different consideration between drawing a squiggle to unlock a phone or putting in a four-digit password to access my mobile to what’s required to access my bank account," continued White. "Secure management of payment credentials are the priority. I think there will be moves to form partnerships in this space though. That will continue, and we will pursue these technologies, but we need these multiple layers of encryption to preserve customer trust and integrity." Consumer attitudes also need to be considered — "Do users really want […]
By Kirsty McMahon on January 20, 2014 vidsys-logo Bank Aljazira (BAJ), a leading Shari’ah compliant financial institution in Saudi Arabia, has deployed VidSys Physical Security Information Management (PSIM) software, in order to reduce risk and enforce standards across its security operations. With the financial industry institutions facing increasingly sophisticated threats directed at bank assets and brand integrity, BAJ’s security team sought to reduce risk and ensure compliance with recently strengthened Saudi Arabian Monetary Agency (SAMA) security regulations. BAJ selected the VidSys PSIM to help implement rigorous corporate standard operating procedures (SOPs) across all its facilities, including ATMs, cash centres, branches and corporate buildings. With a multitude of systems, sensors and devices all generating alerts and alarms, BAJ needed to create a streamlined and centralised view of operations. Leveraging the PSIM platform, the BAJ security team can now efficiently detect, analyse and respond to any incident across its geographically dispersed locations, while simultaneously adhering to its SOPs and complying with new SAMA regulations and standards. SecuTronic, a leading Middle East systems integrator, deployed the VidSys PSIM software platform, leveraging this technology to enable integration of multiple proprietary systems, including GE and Nedap access control technology, fire systems from Bosch and Simplex, video from Dedicated Micros and American Dynamics and a large network of ATMs. The VidSys multi-vendor video management application tightly integrates BAJ’s surveillance capability with alarms to provide real-time verification. By combining all of the systems into one user interface, the VidSys solution facilitates greater situation awareness and resolution […]
biometric Mukosha mulenga By MUKOSHA MULENGA BANKS and other financial institutions hold the key to one of our most treasured assets: our money. Most banks are now looking at using biometrics to protect against identity fraud and comply with government regulations. The use of biometric technology is becoming widely recognised in the banking industry as a viable means to prevent identity fraud, safeguard data, improve ease-of-use, and save money from lost or stolen passwords. When you consider that approximately 84 percent of bank fraud is committed by in-house staff, or that nearly 40 percent of all help desk calls are for forgotten passwords, it is no surprise that many banks are turning to biometric technology for increased security and convenience. Banks therefore now have the challenge of integrating fingerprint functionality into existing in-house applications or their core banking applications. Banks can use solutions such as ) from M2SYS, for safeguarding enterprise data and reducing costs. EBS supports active directory, and can enable banks to secure login to their network and replace user names and passwords with something that you cannot share, lose, or forget: Your Fingerprint! With an ever-increasing number of security breaches, the pressure on banks to implement methods of password management, identity management, data and network security, and two factor authentication has never been stronger. The sharing or theft of user passwords still remains the most popular reason that corporate data is compromised. Biometrics solves this problem by allowing businesses and banks to implement a centralised biometric […]