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Prospect of Implementation of Biometric Verification for Secure Credit Card Transactions

Akash S Rao and Deepak Albert
Department of Electronics and Communication Engineering, PES Institute of Technology, Bangalore South Campus, Karnataka-560 100, India
Abstract—In the modern day world, majority of transactions are made using credit cards, but the security techniques used for security in credit cards is far outdated and is being broadly misused by fraudsters. Fraud is cumulating into billions of dollars per year hence a new method of security must be brought into place. In this light, biometric verification is the brightest prospect as it is superior and accurate compared to other methods of providing security the reference copies of the finger prints can be stored on the card itself. This method is practical, reliable and feasible .Hence it should be put into place to secure transactions. Implementation of this method is a one time investment and is beneficial to all saving billions of dollars in the years to come

Index Terms—biometrics, credit cards, fraud, secured, transactions

Cite: Akash S Rao and Deepak Albert, "Prospect of Implementation of Biometric Verification for Secure Credit Card Transactions," International Journal of Electronics and Electrical Engineering, Vol. 1, No. 4, pp. 291-294, December 2013. doi: 10.12720/ijeee.1.4.291-294
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