Mexico. In Mexico, bank fraud amounts to more than $700 million pesos annually (about US$53.4 million); therefore, 57% of Mexicans are willing to provide their biometric data to carry out different financial transactions.
The Unisys Security Index (SI) highlights that 77% of Mexicans are very concerned about identity theft and 76% about the possibility that someone can obtain and use their credit or debit card details.
Unisys emphasizes that banks have the obligation and the possibility to increase security in transactions to achieve three things: Avoid the payment of penalties, achieve customer loyalty, and generation of new products / services.
When taking into account that people have unique physiological traits, and that is what is used to identify us, there is no one who can enter the accounts more than the right person. This could use various levels of security as a form of identification, for example the card chip, the password we choose and the biometric data.
Biometrics analyze and determine the unique pattern of each person through the measurement of certain characteristics according to the type used; which can be: body scanner, facial, iris, voice or fingerprint recognition. Unisys exemplifies with facial recognition, to know if a person is who he says he is, a photo of the face is taken and the distance between eye and eye and from the eyes to the nose is measured, then compares it with the pattern of the images received in order to verify that the person is the same.
Some banks use ATMs with biometric technology, which work through vascular readers with which the user verifies their identity in order to access their account. In this case the procedure is the same as with facial recognition, only it is creating patterns with the veins of the hands, which are unique.
Also, to make transactions at the window, customers can use their fingerprint to validate that the person making the transaction is who they say they are, so that the fingerprint is also used as a signature.
