1. Use of Biometric Technology in Payments to avoid Frauds
SAVITA NIKAM, CONSULTANT
MASTERCARD

2. What’s biometrics
Types and ways of biometrics
Biometric circuit and implementation
Current challenges and frauds in payments
Biometric flow in payment domains
Benefits of using biometric in payment and another domain
Challenges of biometric usage
Security issues related biometric and solution
Future Trend
Conclusion

6. Payment fraud is characterized in three ways:
Fraudulent or unauthorized transactions
Lost or stolen merchandise
False requests for a refund, return or bounced checks
Types of fraud:
-Phishing
-Identity theft
-Pagejacking 
-Advanced fee and wire transfer scams
-Merchant identity fraud
Ways that fraud can happen:
Texting malware to smartphones
Instant messaging
Rerouting traffic to fraudulent websites
Phone calls
Online auctions

7. Payment Technology companies are coming with biometric card, combining chip technology with fingerprints to conveniently and safely verify the cardholder’s identity for in-store purchases.
Selfie Pay Mobile biometric authentication app
Authenticating a payment transaction biometrical confirms in a very unique way that person is genuine, the technology helps detect and prevent frauds.
The biometrics market continues to mature. Enhanced security of the end user and speedy transactions are making it more popular gateway nowadays

8. Savita has done graduation from Pune University and has 15 years’ experience in IT industry.
She has worked for various domains including retail, airline, IAM, banking, finance, insurance, payment.
She is an automation testing expert and having knowledge and hands on many technologies like java, selenium, different databases, Microsoft
technologies and open source technologies.
She is working as a Practice lead for automation, best practices and processes at mastercard.
She has worked on biometric projects and has submitted patentable ideas on biometric area.
Author Biography

10. Thank You!!!