Biometrics to Control ATM scams: A study

In the current scenario the way banking and transaction system is changing in the world, the validation, authentication and confirmation of a person is very important and should be of more concern. Authentication and verification has always been the part to worry about the security and confidentiality of the consumers. In the rapid changing environment it's not easy to maintain integrity and authenticity of persons. There is a lot of risk to losing money and identity if we lose our ATM PIN. If it is hacked by someone then we can lose entire money. To prevent all these frauds we need some foolproof security solution which we can use along with the current available technology. Biometric is one of the technologies which we can combine with the current technology. We can use fingerprints, iris scan, palm scanning along with the PIN authentication and verifications. Even we can use voice recognition also. Combination of such technologies may help in reducing the ATM frauds and hence can improve the security level of other financial transactions.