Fraud Mitigation Mexico Banks

Financial Uses for Integrated Biometrics Technology

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Fingerprint Biometrics Used to Mitigate Fraud

Mexican government agencies, banks, and other financial institutions are using fingerprint
biometrics to facilitate the proper identification of individuals for electronic payments in an effort to mitigate fraud by individuals looking to scam the system.

In one such instance, the Mexican pension system is employing the Integrated Biometrics’ Watson Mini two-finger roll scanner as part of a door-to-door effort to enroll and confirm the identities of a large number of retirees living in rural areas. Instead of relying on a person claiming to be a certain individual traveling to a central bank or government institution to collect payments, officials can bring identity management directly to individuals in their homes. Utilizing mobile electronic fingerprinting, officials can prevent and detect irregular practices.
Watson Application and specs

Watson
Watson
Small, Light, Fast, and Easy to Use. Visit the Watson product page to learn more.

After confirming retirees’ identities and enrolling them into the pension system, funds can be safely and efficiently delivered electronically. This saves institutions millions of dollars on phony payouts and prosecutions of con artists and identity thieves.

The easy-to-use Watson Mini FBI Appendix F certified multi-fingerprint scanner is small, light, and fast thanks to Integrated Biometrics’ patented light emitting sensor (LES) film technology.

                   

About Integrated Biometrics
Integrated Biometrics (IB), a pioneer in biometric fingerprint technology, designs and manufactures advanced, high-resolution touchless and FBI-certified contact identity solutions for government, law enforcement, military, social services, and a wide range of commercial applications. IB’s lightweight scanners, supported by our patented light-emitting sensor (LES) technology, outperform traditional fingerprint devices in size, power consumption, portability, and reliability. Global organizations rely on IB’s products to enroll and verify identities quickly and accurately, even in remote locations under extreme conditions. Commercial enterprises, government and financial services organizations depend on IB to build innovative, secure applications to establish identity in accordance with national and international standards. For more information, visit: https://www.integratedbiometrics.com.

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