South Korea’s KB Kookmin Card is working with Bitcoin exchange service startup Coinplug to release a blockchain-based personal authentication service for mobile transactions next month, Pulse reports. It will first be implemented in its mobile credit card app, simplifying the current system that requires additional personal authentication steps for logging in, registering a new credit card and for making mobile payments of 300,000 won (US$264.08) or above.
- Shell pilots RFID system that scans all the items in a shopping basket in one go
- Metro Bank lets customers open an account with a selfie
- Dutch banks ING and Rabobank begin QR code payments pilot
- ABN Amro pulls out of Dutch banks’ mobile payment venture
- Commonwealth Bank introduces chatbot that can answer 200 banking and payments questions