Independent Banker - July 2017 - 11

Heitkamp testifi es
before Senate banking
committee
On June 8, ICBA chairman
Scott Heitkamp
testifi ed before the U.S.
Senate Committee on
Banking, Housing, & Urban
Affairs about local fi nancial
institutions' role in fostering economic growth.
In his testimony, Heitkamp, who is also president
and CEO of ValueBank Texas in Corpus
Christi, underscored the importance of passing
provisions from ICBA's Plan for Prosperity regulatory
relief platform to unleash the economic
power of community banks.
Several provisions in the Plan for Prosperity
are also included in the Community Lending
Enhancement and Regulatory (CLEAR) Relief
Act, introduced in January by Rep. Blaine
Luetkemeyer (R-Mo.) to promote regulations
tiered according to each institution's size
and complexity.
It was Heitkamp's second testimony on
behalf of ICBA this year: In March, he spoke
to the U.S. House of Representatives Financial
Services Committee about the state of bank
lending in the United States.
Send an Action Alert email to your
legislators voicing support for the CLEAR
Relief Act at icba.org/beheard
Time
Evolution of biometrics
Machine
The concept of using unique human
elements as identifi cation has been
around for thousands of years. Did you
know that humans used fi ngerprint signatures in clay tablets as
early as 500 B.C.? Here are some more recent developments:
1858 - The Civil Service of India systematically captures
hand images to confi rm their employees (and not imposters)
receive their paychecks.
1892 - In England, Sir Francis Galton develops a fi ngerprint
pattern classifi cation method that is still used today.
1936 - American ophthalmologist Frank Burch proposes
using iris patterns to identify individuals.
2004 - The U.S. Department of Defense implements the
Automated Biometric Identifi cation System, improving the
government's national security threat-monitoring capabilities.
2013 - Apple Inc. releases Touch ID, an iPhone and iPad
fi ngerprint recognition feature.
2013 - Bridge Community Bank in Mount Vernon, Iowa, is
one of the fi rst banks in the nation to use a biometric security
process for its consumers. It includes fi ngerprints, facial recognition
and biographical information to link customers with
their fi nancial transactions.
2017 - Samsung's Galaxy S8 allows users to use fi ngerprint or
iris scanning to make payments using Samsung Pay-one of the
fi rst major mobile wallets to support this kind of technology.
DHS releases cybersecurity tips
in wake of WannaCry
The Department of Homeland Security
released tips to prevent the WannaCry ransomware
attack that has infected more than
400,000 computers since May
12. Its top recommendations:
Use caution when clicking on
links in emails or opening email
attachments, and immediately
update to the latest version
of Server Message Block. See
tinyurl.com/DHStips for more.
independentbanker.org ICBA IndependentBanker
11
Turn to page 61 to learn more about biometric technology.
-Sara Schlueter

http://www.qmags.com/clickthrough.asp?url=www.icba.org/beheard&id=20303&adid=P11E1 http://www.qmags.com/clickthrough.asp?url=http://tinyurl.com/DHStips&id=20303&adid=P11E2 http://www.qmags.com/clickthrough.asp?url=www.independentbanker.org&id=20303&adid=P11E3

Independent Banker - July 2017

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