In-branch bank fraud is an estimated $12 billion annual figure with fraud at retail locations being about the same which amounts to a $24 billion issue in the US alone, as reported by US NEWS and WORLD REPORT. These numbers are growing and even considered conservative by many industry experts. Financial institutions are targets for customer identity theft and also require high security protection for access to high profile areas such as bank vaults or IT centers where personal information is stored.

For contending with the issue of in-branch fraud, Bioscrypt technology is capable of sub-second database searches and 3D facial image identity verification. For protection to restricted areas, Bioscrypt applications work within an existing access infrastructure minimizing costs associated with adding technology. Bioscrypt has developed solutions with custom interfaces with the leading access control systems for a streamlined approach to deployment. 3D Face Readers are able to control access to secure areas while providing increased convenience, and speed. Bioscrypt readers work with existing card or PIN readers for multi-factor verification and can replace existing readers to perform identification.

Advantags

VisionAccess facial recognition technology utilizes distinctive features of the face to perform authentication. The 3D Images are captured in real time and focus on features where rigid tissue or bone is most apparent and less likely to change over time, which includes the eye socket curvature, nose, chin, etc. The following are some of the significant advantages that this technology enables.

• Introduces depth as a 3rd axis of measurement allowing facial angles and curves to be measured on a sub-millimeter scale.
• Not affected by lighting conditions and may even be used in darkness.
• Robust to different view angles and has the potential to recognize a subject at near 30 degrees.
• Ability to perform verification matching in milliseconds.

The points above are very important for system flexibility leading to ease of use for users of the technology. For any biometric technology there are several aspects that are required of the solution for a successful deployment. These factors include a system that requires minimal cooperation from the subject, allows for flexibility in positioning and ambient conditions, has a high level of accuracy, and is ergonomically designed to keep people moving quickly through secured areas.

VisionAccess 3D facial recognition technology combines high accuracy with minimal user cooperation. The technology utilizes over 40,000 points of data to create a biometric template that is unique to each individual providing for the most precise matching capabilities. The recognition process is performed extremely fast; positive verification of an individual can be accomplished in less then 1 second. The high rates of accuracy and speed characteristics of the Bioscrypt solution is unprecedented and perfectly suited for fast paced corporate environments.

Solutions

Anti-Fraud

Biometrics plays a critical role in reducing the significant amount of in-person, at the counter bank fraud activity. There are two main methods which can be used to reduce fraud utilizing biometric technology. One technique is to identify offenders as they are committing the act using existing databases of their images to identify them in the branch. The second is to protect trusted customer accounts with biometrics - so the accounts can only be accessed by authorized personnel who have their 3D facial images linked to their accounts. A signature and ID card, which are easily duplicated, will not longer be enough. Identity verification using biometrics is a very important step in reducing the growing issue of identity theft and bank fraud. Both of these situations will be described below.

Scenario 1 - Working to identify known, repeat offenders requires the use an existing database of facial images of the offenders used along with Bioscrypt technology. When a person steps up the teller window the database is searched to see if they match with stored images. Bioscrypt VisionAccess technology does not require the individual to be interactive with the system so it is very useful for situations when some is trying to hide their true identity. With the small cameras mounted at the individual teller windows, provides an ideal place to perform the identity check since people interacting with the agent. Notification can be sent instantly to a security officer and the person can be apprehended after they exit the branch.

Scenario 2 – This approach requires enrolling existing bank customers so their 3D facial template is linked to their accounts. No one would be able to access these accounts without the biometric verification being processed first. This makes it virtually impossible for an unauthorized person to access an account that is bound by a biometric.

At the teller window every customer would be authenticated with their account at the beginning of a transaction. VisionAccess technology can perform this transaction less then one second making it a very fast and secure process for customers. If the identity does not match the account number being accessed, then the transaction would cease. This scenario works in a 1:1 mode which means a customer biometric is linked to a bank account(s). The biometric matching system treats the bank account number just like a PIN or card number for verification. It will perform a verification transaction of the stored 3D template associated the rightful owner of the account, to the person standing in front of the teller. If it is the true owner of the account then the transaction would proceed. The value for customers is that proactive steps are being taken to protect their assets.

Physical Access Control

The following is an example of a physical access control solution within a bank environment.

An employee requires access to the bank branch Vault. They would be equipped with an ID card or PIN number which is part of an access control system.

They would also have their facial 3D biometric stored which is linked to their Card ID / PIN number. As the employee makes their way to the Vault they would approach the secured door where a card / PIN reader and a Bioscrypt face reader are mounted on the wall.

The employee would swipe their card and immediately glance at the Face Reader for access. If their face matches the 3D face template linked to their ID card then they would be granted access. If there is not a match then access would be denied.

When VisionAccess technology is used together with Anti-tailgating system this provides a very secure environment. The system provides multi factor authentication for very secure identity verification and an anti-tailgating solution validates that only the authenticated individual enters the vault.

Since the employees' facial biometric template is linked to their ID card this solves the security issues dealing with stolen or skimmed cards. The card will only be valid when presented with the right face that matches the stored template linked to the card ID. In addition, lost cards become less of a risk for the same reason; the card will be useless unless used by the rightful owner.

Time & Attendance

Having a workforce enrolled in a biometric system has several other advantages in addition to security. With a 3D face biometric based time and attendance application there is full accountability with regards to which employees checked in at certain times and areas.