South Korea will test a biometric authentication system in the first half enabling users to verify identification through their palm veins to pay up without having to present cash or plastic card, the Financial Services Commission (FSC) said on Wednesday in a policy briefing.
Palm vein recognition technology compares thickness, visibility and patterns of veins registered by users to verify their identity. With the system, customers can make transactions by scanning veins at an offline shop without cash or credit cards.
The FSC will encourage card issuers to introduce a pilot program for biometric authentication system using vein scanners to test the efficacy and security of the system before full application.
By Chung Seok-woo
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