South Korea: South Korean credit card issuer BC Card to adopt biometric identification

Published August 11, 2015 by godshope1971

Next month, South Korean credit card firm BC Card will become the first local financial institution to provide a biometric recognition and settlement service with the use of a new fingerprint scanning system, according to a report by The Korea Bizwire.

The country’s financial sector, including banks and credit card firms, are slowly adopting biometric identification technologies to keep pace with the rapidly evolving security and customer authentication needs.

The Financial Services Commission, South Korea’s top financial regulator, eliminated legal and administrative barriers in May to allow financial companies to deploy biometrics and other authentication methods beginning in September. ∞∞∞∞∞ SEE MORE ∞∞∞∞∞


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