The technology giant will be rolling out a simple transaction system in South Korea by the end of April.
Samsung Group subsidiary, Samsung SDS, which is an IT services firm, has now announced its intention to launch a mobile payments system in South Korea that uses fingerprint scanning technology.
While the smartphone payments system will get started in South Korea, it will be expanding in the future.
Samsung’s plans appear to be to initially launch the mobile payments service within its own home country, but to then move on to a global roll-out at a later date. At the time of the writing of this article, it was not made clear whether or not this new system would be integrated into its broader initiative called Samsung Pay, or if this will be a service that will be entirely independent of that.
The mobile payments system will be using a new and innovative fingerprint scanning security system.
The media in South Korea has been reporting that the fingerprint based biometric authentication system from Samsung is only the second on the globe to ever receive the Fast IDentity Online (FIDO) association’s certification. FIDO represents an international group of companies that have established biometric authentication system standards. Among its members are some giants in the technology industry, such as PayPal, Google, Microsoft, and Qualcomm.
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Samsung’s new biometric authentication system has broadened far beyond the “basic” fingerprint sensor mounted on a smartphone. The company’s intentions are to be able to establish an authentication system that does not require passwords in several different types of technology industry categories, such as in smart homes, vehicles, and other devices in the Internet of Things (IoT).
Previously, there have been a number of patents discovered online that belong to the company and that are apparently involved in scanning the iris of the eye, as well. This shows that the company is placing a considerable focus on alternative systems of authentication for mobile payments and a range of other types of technologies.