Reviews and ratings for biometrics at credit unions continue to show overwhelmingly positive results whether used to authenticate members at branches or on mobile devices, or employees logging in to workstations.
Fiserv's Verifast, Palm Authentication technology integrates Fujitsu palm-vein biometrics to improve operational efficiency. In addition, credit unions employing the technology also seek to consolidate and restructure employee identification, allowing them to focus more on member engagement.
"Most of biometrics are member facing," Chris Van Der Stad, SVP/chief technology officer, Open Solutions for Fiserv, noted. According to the Brookfield, Wis.-based Fiserv, palm biometrics historically reduced member authentication time by 93%.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
