Congratulations to students at Monterrey Institute of Technology and Higher Education for theit award winning proposal in the Mexico Lead with IBM Challenge.
The project, called “Goatee” is an authentication system that provides security to a client when they are making transactions, restricting to the client only the ability to make transactions. This is intended to avoid credit card theft and fraud. It works by a digital finger print reader, which is used as a key to have access to the debit or credit card. Banks benefit by decreasing losses due to fraud and card theft, while providing a real security system to the client.