MIG INTERNATIONAL

 

 Biometric POS

The introduction of chip and PIN technology has had a profound impact on face-to-face fraud at the point of sale. However, such fraud has not been eradicated altogether, and a number of high-profile scams relying on the readers themselves – which criminals have equipped to store the PIN after entry and to record the information needed to clone cards – have surfaced in recent years. And fraudsters do not have to be hi-tech, even indiscreet pin entrance could leave an opening for criminal activity. These weaknesses were a concern for Turkey’s Isbank, which decided to develop a new payment system designed to eliminate the use of PIN, and with it associated fraud risks. Less costly, but also important from a customer perspective, was the desire to simplify payments transactions and eliminate the need to remember multiple pins for multiple cards, offering a more user-friendly experience in the process To accomplish this, the bank turned to biometric technology. In particular, finger vein readers, which work by scanning the unique pattern of veins in a customer’s digit using infrared rays. The technology had already been deployed in Isbank ATMs, but the next step was to integrate it into the bank’s point-of-sale devices as an alternative to pin entry, and roll them out to merchants. To make use of the point-of-sale terminals equipped with the technology, all a customer needs to do is register their finger vein map with Isbank and activate it through an ATM, at which point they will instantly be able to make transactions at any merchant with the appropriate terminal. With that, Isbank’s customers can carry a password which will never be subject to change, never expire, and be truly unique and impossible to copy.

 Manage operator permissions limits(hourly, daily, one time use etc.) centrally

  First Biometric POS solution with IS bank

  Use credit card with finger vein without Pasword

  Nobody can use belongs to someone else credit card

 Short time for access to account

  High security

  Prestige