Traditional access control systems—such as those that require keycards or fobs to gain entry—are becoming more and more obsolete every year. Not only are they significantly less secure than biometric-based systems, but they’re also more expensive.
The problem with ID cards and fobs is that they’re easily lost, forgotten, or stolen. This creates major security risks by making it possible for unauthorized users to get a hold of them.
Lost keycards and fobs also cost a significant amount of money to constantly replace. A study done on lost student ID cards reveals that 19% of students in the US lose their ID card every year. This leads to a cost of around 83.6 million dollars a year spent on replacing them—a cost that could be completely eliminated with biometrics.
Keycards and fobs typically cost anywhere from $5-$50 to replace. At an average price of $22 per card, this leads to a significant expense over time. And that’s not even accounting for the time lost during the transaction from HR and the security team.
For companies, every time a new employee is hired, another keycard needs to be issued. In industries with high employee turnover rates, the cost is only amplified. Take call centers, for example. Research shows that call centers have the highest turnover rate of almost any industry. One study puts that number as high as 30-45 percent.
Even if we make a conservative estimate of a 30% annual turnover rate, plus a lost key replacement rate of 15% per year, this leads to a significant annual cost for issuing new keycards or fobs. For a call center with 1,000 employees, for example, that adds up to about $10,000 wasted every year… on a less secure access control system.
Depending on the business, the cost can be much larger. In factories and manufacturing facilities, for example, use of machinery by uncertified persons can void the warranty of the machine—potentially costing you hundreds of thousands of dollars out-of-pocket to repair it if it breaks.
These hidden costs and security risks lead companies to choose biometrics over traditional access control systems.
After testing dozens of different biometric technologies, Keyo chose palm-vein due to several important factors:
- Each person’s palm vein pattern is completely unique—even among identical twins—and remains highly stable throughout life.
- It’s internal to the body. This means that, unlike face, iris, and fingerprint scanners, it cannot be collected without a user’s consent, making it GDPR compliant and risk-free.
- Built-in liveness tests require a pulse and heat signature, making it virtually impossible to copy, fake, or spoof.
- It’s quick and convenient. Simply wave your hand over the sensor and your identity will be verified in 0.2 seconds.
- It’s more sanitary. Unlike fingerprint scanners, no physical contact is required.
With a simple scan of the palm, your staff can easily identify themselves, unlock doors, and clock in. No more lost or forgotten keycards/fobs, no more expensive replacement costs, and no more hassle.
Additionally, you get complete control over who has access to your building. In the Keyo console, you can easily add or remove users and manage permissions. You decide who has access to which door, and even the day and time they’re allowed entry.
And the best part? You will be saving thousands of dollars per year on replacing lost keycards and fobs and giving your staff a level of security and convenience they have never experienced before.