SEOUL, June 30 (Korea Bizwire) – BC Card has decided to open the source code for mobile card issuance to all financial firms and start-ups to contribute to the growth of the FinTech industry in Korea. The company has already spent some 30 billion won to develop the source code. The biggest payment processing company and local [...]
SEOUL, May 26 (Korea Bizwire) — South Korean lender Woori Bank said Tuesday it has launched a mobile-only bank service ahead of establishing an Internet-only bank. Woori Bank’s “WiBee Bank” will serve as a test bed for simplified services that will later be part of its envisioned Internet-only bank unit, the lender said in a press [...]
SEOUL, May 7 (Korea Bizwire) — On May 6, Naver, Korea’s largest search portal, signed a MoU with the National Police Agency Cyber Bureau in a bid to prevent cybercrimes. Within the first quarter of the year, Naver will provide a search widget that netizens can use to verify whether a phone number or account number [...]
SEOUL, April 10 (Korea Bizwire) – The Korea Internet and Security Agency (KISA) is set to accelerate development of telebiometrics security technology using bio-signals such as brainwaves and ECG, according to a statement on April 9. Bio-signals have been praised as a new means of authentication, as their complexity means that they cannot be forged [...]
SEOUL, Apr. 10 (Korea Bizwire) – A new method to instantly identify the authenticity of hard-copy documents has been developed by Korean researchers. The National Forensic Service (NFS) said on April 9 that it has filed a patent for a technique of printing a 128 bit QR code encrypted with information on a hard-copy document, [...]
SEOUL, April 8 (Korea Bizwire) – South Korea’s top financial regulator said Wednesday it will allow local credit card firms to issue mobile-only credit cards, rather than conventional plastic ones, to clients later this month as part of efforts to improve convenience and speed in electronic transactions. Under the current law, mobile cards have played [...]
SEOUL, April 7 (Korea Bizwire) – TMON Pay, the proprietary simple payment system from Korea’s first social commerce provider Ticket Monster (TMON), has attracted more than 200,000 subscribers just one month after its launch. TMON Pay enables payments in just three seconds by inputting a password whenever a subscriber purchases products at the social commerce [...]
SEOUL, April 6 (Korea Bizwire) — SK Planet, South Korea’s leading e-commerce and online platform operator, unveiled its first instant online payment tool on Monday that works without additional security programs like ActiveX, joining the industrial move to scrap the obsolete software. Its Syrup Pay operates on a password-based system for which a customer only [...]
SEOUL, March 31 (Korea Bizwire) — Samsung Electronics filed a patent for an online payment system triggered by clenching and opening one’s fist while wearing the Gear S smart watch, according to a published document from the Korean Intellectual Property Office (KIPO) and the United States Patent and Trademark Office on March 30. Samsung Electronics’ new recognition system [...]
SEOUL, March 25 (Korea Bizwire) — Korean researchers have developed a dust-sized identifier, which could be seen as an ‘artificial fingerprint’, which cannot be duplicated but can be fine-tuned based on security strength. A team led by professor Kwon Sung-hoon at Seoul National University and professor Park Wook at Kyung Hee University said on March 24 that [...]