Banks weigh up biometrics

Thursday, 28 April 2005, 11:54 AM EST

Companies could soon have to use biometric technology to authorise major financial transactions, as part of banking industry measures to tackle internet fraud and money laundering.

Industry body the Association for Payment Clearing Services (Apacs) says corporate customers will be among the first to receive devices to physically confirm signatories as well as using passwords, so-called two-factor authentication.

By Daniel Thomas at vnunet.

[ Read more ]




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