The identiCenter system is designed to quickly, accurately and securely identify consumers who enter a bank, increasing efficiencies within the branch.
The system works by linking an individual’s identity and account information with their unique fingerprint profile.
Upon initiating a transaction at the teller station, enrolled consumers place their finger on an optical-scan fingerprint reader to verify their identity. Once verified, their account information automatically appears on the teller’s screen.
Participating consumers must first enroll by having three fingerprints scanned. Fingerprint images are then converted to algorithmic values based on the individual’s unique minutiae point vectors, which are then stored in an encrypted, compressed database.
To protect the account holder’s sensitive information, the original fingerprint images are deleted from the host financial institution’s records, leaving algorithmic values that cannot be converted back into fingerprints.
According to Diebold, the Federal Trade Commission reported that 10 million Americans were victims of identity theft in 2002, the most updated numbers available, with a total cost impact of $50 billion annually.
At the same time, industry research shows that more than half of American consumers say the branch is their preferred mode of interaction with their financial institution.
In a world where PINs, bank cards, social security and account numbers too often fall into the wrong hands, identiCenter can reduce fraudulent transactions, minimize losses from fraud and increase consumer confidence said Brad Stephenson, vice president of Diebold’s physical security group.
