For many, technology holds the key to greater security and biometric sales are expected to heat up according to The Global Biometrics Market Survey by the Business Communications Company, which studies major market, economic, and technological developments. Here is a look at some of the findings: *By 2007 the biometric market should hit $3.4 billion, up from $946 million in 2002. *Finger scan technology is leading the biometrics market and should grow 29% per year until 2007. *Facial scan and voice scan use won’t match finger scan, but they will probably grow faster than any other biometrics technology, at 33.3% and 31.5% respectively. *Iris and retina scan technology will grow more slowly, at 18% and 19.5%, respectively. *Biometric technologies are becoming an accepted part of high-security installations. *Roughly 30% of help calls to IT departments are for resetting passwords, each costing about $15 to $20 in work hours -biometrics could help cut those costs.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.