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Nowadays, online shopping and services have become widely popular. The payment process is very easy. Just by having a bank account and using the bank’s mobile application, you can do various transactions easier and more conveniently. However, to sign up for an application, it requires an important step which is the “Identity verification”. This is to confirm that you are the real account owner.
As you know, identity verification technology is a part of our daily lives, and it is important to everyone in today’s era.
Identity verification technology is a technique and method to confirm a person’s identity. It can be used in a variety of situations, such as online login, opening a new bank account, online financial transactions, receiving online medical care service. There are many ways of identity verification as follows.
1. ID Card and Document Verification
Using an ID card and other document verifications like a driver’s license and a passport is the most common and simple way to verify your identity.
2. Password
A username and a password are widely used to verify a user’s identity before accessing systems. You must register a username and a password to log in for the first time and use them at the next login.
3. One-Time Password (OTP)
OTP is a password that is valid for only one login session or transaction. The OTP is sent to the user’s registered device via SMS, email, or special applications to verify the user’s identity at that time.
4. Fingerprint Scanning
It is a familiar method of identity verification today. Fingerprint scanning is a safe and reliable form of authentication. This is because everyone’s fingerprints are unique depending on personal identity. The fingerprint scanner checks if the user’s fingerprint matches those registered in the system or not.
5. Facial Recognition
Facial recognition technology is used to verify a user’s identity by recognizing facial structure and facial organs and comparing it to the photo stored in the system.
6. Iris Recognition
Iris recognition is a biometric technology using a camera and infrared light (IR LED) to take a photograph reflected on a person’s iris and recognize it. Iris scanning is one of the most secure biometric technologies compared to fingerprint scanning and voice recognition.
7. Voice Recognition
Voice recognition, also known as voice authentication, is currently used as an identity verification technology to facilitate making transactions through the call center. However, just relying on voice to confirm the identity of a speaker may not be enough. There was an experiment that let one of the twins who did not have an account call the call center, and the result was that the system could confirm his identity through his voice. Thus, if using voice authentication, they should ask for more information, such as a PIN for higher level of security.
8. Palm Vein Pattern Authentication
It is a form of identity verification that scans vein patterns on your hands. This method is secure and highly accurate because vein patterns are a physical identity that is difficult to copy or modify. In addition, users do not need to directly touch the device used to read blood vessel characteristics, so it can prevent the spread of contagious diseases caused by physical contact.
9. Geolocation
This method is not biometric technology, but it is another option for identity verification which can satisfy consumers because it does not require their identity. Just identifying the online geographic location of users in real time.
In conclusion, selecting identity verification technology depends on the nature of use and the level of security in each case. Next time, we will show you how to apply identity verification technology.
Source: https://www.thansettakij.com/finance/458842
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