Payment authorizations based on fingertip veins is both convenient and secure, and we forecast it will become the main biometrics authorization method for offline payments, a Shinhan Card spokesperson said in a joint press release.
To implement this system, credit card companies signed a memorandum of understanding (MOU) with two IT service providers, LG-Hitachi and NICE Information& Telecommunication.
The companies said the payment method would be available at convenience store chains across the country in October 2018.
Lotte Card introduced the vein-mapping payment method when it launched its hand scan system in May 2017. Lotte Card is also likely to join the other card companies in implementing a finger-scan payment system, according to local media.
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