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Fujitsu PalmSecure Biometric Technology for Retail Loss Prevention


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Presentation that discusses how Fujitsu's PalmSecure palm vein biometric technology and the M2SYS Hybrid Biometric Platform can help improve loss prevention for retailers.

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Fujitsu PalmSecure Biometric Technology for Retail Loss Prevention

  1. 1. 1 Simple LP Technique Can Save You Millions Hosts: Bill Geary – Sales Manager, Retail & Education, Fujitsu Frontech North America Michael Trader – President, M2SYS Technology If tweeting during the presentation, please use hashtag #palmsecure
  2. 2. Agenda • Company Overview • Biometric Loss Prevention Benefits • The Cost of Time Theft • Where Do Executives Rank Combatting Time Theft? • How Can Biometrics Help? • Why PalmSecure Palm Vein Biometrics Technology? • Why M2SYS? • Q/A
  3. 3. Fujitsu Overview PalmSecure™ Biometric Solution Company  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 Worldwide Products, 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 Support Partners  Partnerships with Leading Distributors, Resellers, ISV’s and Software Companies Customers  Most Global Fortune 500 Companies
  4. 4. M2SYS Overview We Simplify the Adoption of Biometric Technology • Award-Winning Biometrics R&D Company • 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 Worldwide • Winner of 2007 Frost & Sullivan Biometrics Technology Innovation of the Year Award • Unique Bio-Plugin and Bio-SnapOn solutions for rapid biometric adoption and deployment • Headquarters in Atlanta, GA with Satellite Office in Asia
  5. 5. Biometrics & LP How Biometrics Improves Loss Prevention Techniques: • Solid Audit Trails • Higher Employee Accountability • Data Protection • Increased Efficiency • Stronger Security • Improved Compliance • Identify High-Risk Individuals • Airtight Access Control • Solidify Role-Based Security • Prevent Unauthorized Access
  6. 6. Cost of Time Theft An Impact on Money and Productivity According to the American Payroll Association, buddy punching alone costs 2- 5% of gross annual payroll and 75% of businesses suffer from it. The Boston Globe and Denver Post also reported that US companies lose nearly $400 billion per year due to time theft.
  7. 7. Time on the Totem Poll Executive Focus on Improving Time Management In their 2009 Retail Technology Study, RIS reported that Cost Management and Workforce Efficiency/Productivity were #2 and #3 on the Key Business and IT Strategies list. In 2007, the Society for Human Resource Management reported that CFOs feel their #1 challenge is time management.
  8. 8. How Can Biometrics Help? PalmSecure™ Palm Vein Biometrics for WFM and POS ROI* • More affordable alternative to expensive time clocks • Save at least 2-4% of your gross payroll • Speed – employees only need to scan their biometric • Increase productivity by eliminating “buddy punching” • Reduce payroll inflation and payroll error rates • Eliminate ID cards or PINs • Ensure compliance with labor laws • Reduce store shrinkage Benefits: * Calculate your savings at:
  9. 9. Why PalmSecure™? Key Advantages High 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 forge Non-Intrusive Interface • Contactless solution that leaves no biometric footprints following authentication • High level of user acceptance Applicable 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.)
  10. 10. Why M2SYS? Key Advantages • Instantly interfaces with any third-party WFM or POS application • Custom versions already built for Kronos, ADP, Qqest, Empower, 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
  11. 11. Contact Information Bill Geary Sales Manager, Retail & Education Biometric Solutions Fujitsu Frontech North America 25902 Towne Centre Dr Foothill Ranch, CA 92610 +1-813-855 8452 office +1-813-380 9423 cell biometrics/palm-vein/ M2SYS Technology 1050 Crown Pointe Pkwy. Suite 470 Atlanta, GA 30338 +1-770-393-0986 Twitter: Facebook: LinkedIn: m2sys-technology