Fujitsu & M2SYS Webinar - How Palm Vein Biometrics Can Strengthen PCI and Workforce Management Compliance

Using Biometric Palm Vein Technology To Strengthen Compliance Hosts: Bill Geary – Sales Manager, Retail & Education, Fujitsu Frontech North America John Trader – Communications Specialist, M2SYS Technology If tweeting during the presentation, please use hashtag #palmsecure

Agenda• Company Overviews• The Cost of Non-Compliance • PCI Compliance • How Can Palm Vein Biometrics Help? • Workforce Management Compliance • How Can Palm Vein Biometrics Help?• Why Fujitsu Palm Vein Biometrics Technology?• Why M2SYS?• Contact Information

Fujitsu Overview PalmSecure™ Biometric SolutionCompany  Leading Provider of Customer – Focused Information Technology and Communication Solutions  Founded in 1935 – 76 years in existence  Annual Revenue – $53 Billion  Over 160,000 Employees  100+ Offices WorldwideProducts, Services and Support  Delivering Computers, Software, Telecommunications, Microelectronics, Electronic Devices – 34,000 Patents  Providing Consulting, Systems Integration, IT Infrastructure, Solutions – Third Largest IT Services Provider in the World  Worldwide SupportPartners  Partnerships with Leading Distributors, Resellers, ISV’s and Software CompaniesCustomers  Most Global Fortune 500 Companies

M2SYS Overview We Simplify the Adoption of Biometric Technology• Winner of 2007 Frost & Sullivan Biometrics Technology Innovation of the Year Award• Winner of 2011 Frost & Sullivan North American Biometrics Industry New Product Innovation Award• Primary Markets Served: Public Safety – Law Enforcement, Electoral, Healthcare, Banking, Education, POS, Childcare, Transportation, Workforce Management, Membership Management, Application Security• Over 500 enterprise software integrators• Tens of Thousands of End User Deployments in 90 Countries• Unique Hybrid Biometric Platform™ solutions for rapid biometric adoption and deployment• Headquarters in Atlanta, GA with Satellite Office in Asia

Components of PCI Compliance: Software Merchants andManufacturers Developers Processors PCI/PTS PCI-PA-DSS PCI DSS PIN transaction Payment security Data Security Application Standard Vendors Ecosystem of payment devices, apps, infrastructure and users

The Cost of PCI Non-Compliance:• Effective security strategies lower the cost of non-compliance• Absence of enabling technologies raises the reactive costs of non- compliance• Consequential costs can include business disruption, productivity loss, revenue loss and fines/penalties

The Cost of Non-Compliance:

How Can Biometrics Help? Palm Vein Biometrics to Strengthen PCI ComplianceBenefits: • Passwords/Network Security • Stronger validation – eliminates sophisticated POS passwords • Avoid costly security breaches – stops unauthorized access using borrowed or stolen passwords • Record Storage • Strengthens access control to areas containing sensitive data • Cost savings • Reduce help desk calls • Tactic to help lower largest contributor to shrink – employee theft

Components of WorkforceManagement Compliance: Time and Labor Management Employee Scheduling Employee and Manager Self-Service Absence and Leave Management Workforce Analytics Union Requirements & Gov’t Regulations

The Cost of Non-Compliance: Workforce Management • Wal-Mart pays $172 million in 2005 • A&P pays $3.1 million in 2004 • Lawyer fees and court costs • Productivity losses • Irreparable damage to reputation and consumer loyalty

The Cost Of Compliance: Workforce ManagementAccording to the U.S. Department of Justice, an employer can be ordered topay liquidated damages and back-pay as well as any criminal fine or penaltythat is imposed in court. Criminal penalties under the Fair Labor StandardsAct (FLSA) impose a fine of up to $10,000 on the first conviction and a fine ofup to $10,000, a term of imprisonment of up to 6 months, or both, on allconvictions after the first conviction.

How Can Biometrics Help? Palm Vein Biometrics to Strengthen WFM ComplianceBenefits: • Stops time theft and buddy punching • Strengthens employee accountability • Improves productivity – no PINS or passwords • Concrete audit trail that provides irrefutable proof • Eliminates identity fraud • Reduces payroll inflation and payroll errors • Solidifies value of punch restriction

Palm Vein Biometric ID Key AdvantagesHigh Authentication Accuracy • FAR: 0.00008% • FRR: 0.01%Non-Traceable and Non-Shareable Authentication Method • Delivering unmatched security and privacy that is virtually impossible to forgeNon-Intrusive Interface • Contactless solution that leaves no biometric footprints following authentication • High level of user acceptanceApplicable to All Users with Virtual No Enrollment Failure • Works regardless of ethnicity, age, and other demographical statistics • Highly applicable to all users due to minimal impact from external factors (abrasions, dry skin, chemical damage, wearing skin lotion, etc.)

Why M2SYS? Key Advantages • Instantly interfaces with any third-party WFM or POS application • Custom versions already built for Kronos, ADP, Qqest, Zoll Data Systems, Empower, Fujitsu GlobalStore and others • Can facilitate offline punch capture and discreet “typeless” schedule enforcement (Kronos and ADP) • Easily scale to share templates across terminals or stores • Seamless interface to end users

Contact InformationBill Geary John TraderSales Manager, Retail & Education Communications SpecialistBiometric Solutions M2SYS TechnologyFujitsu Frontech North America 1050 Crown Pointe Pkwy.25902 Towne Centre Dr Suite 470Foothill Ranch, CA 92610 Atlanta, GA 30338bill.geary@us.fujitsu.com john@m2sys.com+1-813-855 8452 office +1-770-393-0986 x34+1-813-380 9423 cell www.m2sys.comwww.fujitsu.com/us/services/biometrics/palm-vein/ Twitter: twitter.com/m2sys Facebook: facebook.com/m2sys LinkedIn: linkedin.com/company/ m2sys-technology

Fujitsu & M2SYS Webinar - How Palm Vein Biometrics Can Strengthen PCI and Workforce Management Compliance

by M2SYS on Aug 31, 2011

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Fujitsu & M2SYS Webinar - How Palm Vein Biometrics Can Strengthen PCI and Workforce Management Compliance — Presentation Transcript