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    Korea Herald

    News about Korea Herald.

    Korea gets BioCA facial recognition solution

    December 1st, 2016

    A facial biometric authentication service for money transfers has been launched by Korea International Trade Association subsidiary Korea Trade Network (KTNET), in collaboration with biometrics provider Daon and the Korea Smart Authentication Corporation. “This jointly developed facial recognition service can be applied to most smartphones equipped with a selfie camera,” The Korea Herald reports. In addition to mobile apps, BioCA can also be applied to immigration checkpoints at airports, keyless automobiles and property entrances. The service is built on Daon’s IdentityX solution and will also support fingerprint and voice recognition.

    Xiaomi to launch Xiaomi Pay?

    March 30th, 2016

    Handset maker Xiaomi has filed a patent in Korea for a mobile payment service called Xiaomi Pay, The Korea Herald reports. “There is speculation that Xiaomi’s upcoming mid-range smartphone Mi5 will feature the NFC mobile payment service,” the publication says. “The patent filing in the Korean market indicates that the Chinese tech firm plans to roll out its smartphone here.” The Mi5 was unveiled during Mobile World Congress and is equipped with NXP’s secure element and NFC solution.

    Samsung Pay to be added to lower-end devices

    November 19th, 2015

    Samsung is to add Samsung Pay NFC payments functionality and fingerprint scanners to its mid- and low-end handsets, Korea Herald reports. “The plan is part of Samsung’s efforts to expand best-in-class features into the firm’s lower-end smartphones,” the publication says.

    Kona I unveils Kona Pay

    August 12th, 2015

    South Korean smart card provider Kona I has unveiled Kona Pay, a platform that allows banks and credit card firms to develop mobile payment services based on NFC, QR and barcodes. “Different from Apple Pay and Samsung Pay, card issuers can have tailored services for their payment systems built upon Kona Pay,” Korea Herald reports CEO Cho Chung-il as saying.

    Samsung Pay to start second beta testing round

    August 4th, 2015

    Samsung Pay is reportedly set to start a second round of beta testing in Korea with Samsung Card this Friday. BC Card is also expected to test the service from August 20. “They both will receive feedback from the participants of the test runs and share the results with the tech giant to improve the payment system,” The Korea Herald reports. Samsung kicked off its first beta testing round in Korea last month.

    Naver Pay launches in Korea

    June 25th, 2015

    Korean internet portal Naver has launched its mobile payments platform Naver Pay following an unveiling in March. “Naver said it has partnered with 14 local banks and credit card firms to provide the payment service and plans to add more,” Korea Herald reports. “Naver currently has 53,000 member stores that are contracted to provide customers with Naver Pay.”

    CrucialTec to secure mobile banking with fingerprints

    July 18th, 2014

    Korean mobile input technology specialist CrucialTec is developing a fingerprint authentication solution that will replace passwords when consumers access mobile banking services on their smartphones, Korea Herald reports. The solution, which is designed to achieve the necessary security certification for use in online banking in Korea, is set to be introduced later this year.