Graduate Management Admission Test, or GMAT, will have their palms scanned to capture the test-taker’s unique “palm vein pattern.”

The palm-scanning device captures an image of the blood coursing through test-takers’ veins. Each person has a unique “palm-vein” image. A student whom a business school official suspects of acting fraudulently could be asked to have their palm scanned, and that image could be checked against the image the student provided for the GMAT, according to David Wilson, president of the Graduate Management Admission Council.

The PalmSecure device is already in use by healthcare organizations, government agencies, financial institutions and other global enterprises.

The Fujitsu “PalmSecure” will be available at 16 testing centers in India and Korea for GMAT candidates. It goes live in the U.S. this fall, and when fully deployed will be used in 400 facilities in 107 countries by May 2009.

[ Coming Soon to a GMAT Near You: More Security Image - Fujitsu ]

Lenders making small loans to poor people in developing countries should be subject to regulation to prevent abusive practices, according to the World Bank.

The International Finance Corporation (IFC)’s ‘responsible microfinance initiative’ follows growing concern about the high rates charged by some lenders and comes amid fears rising food prices could hamper poor people’s ability to repay debts. The IFC plans to develop these principles in partnership with financial institutions and in consultation with a consortium of public and private development agencies. … according to The Financial Times.