CrucialTec has developed CrucialSoft Identification Solution (CSID), a new authentication solution for mobile devices that supports fingerprint, iris and vein recognition for mobile payments.
Most Korean identification processes require the client’s social security number or an official certificate but CSID can change all this and make online payments safe and convenient, the company said. Vein recognition reads the vein pattern of the client’s hand.
“Identity theft and data leaks in the financial area are really rampant right now,” said a CrucialTec spokesman. “We are in talks with various local and foreign financial companies to provide our CSID solution.”
CrucialTec is a member of Fast Identity Online Alliance (FIDO), a global consortium dedicated to making newer authentication technologies such as biometrics more available for payments.
Source: ZDNet Korea (www.zdnet.co.kr)