Implementation of Biometrics Technologies in Internet Banking

Internet banking permits customers to conduct financial transactions on a secure and safe website operated by their retail or virtual bank, credit union or building society. The providers of (E-Banking) Electronic banking services must be more responsive towards security requirements. While there isn‘t any doubt that Internet banking transaction should have layered protection against security hazards, the service providers should approach security considerations as a component of their service offerings. The new solution to address the issues of security and privacy is Biometric based authentication and identification. Using biometrics for identification curb individuals from access to physical spaces and electronic services. A successful authentication technique should have client acceptance, scalability, reliable performance to accommodate growth and inter-operability with current frameworks and future plans. This study mainly concentrate on providing banking services to clients using web with highly secured technology, the security issues in E-banking and its solutions in biometrics and its compliance in the consumer market are studied using exploratory and descriptive research. The methods of descriptive research are used to gain information concerning the major security issues in Electronic-Banking (E-banking). The research had been concluded on the basis of secondary data (online journals national as well as international, scientific journals, surveys).