Samsung has added an iris scanner to its latest flagship handset, the Galaxy Note7, which will be used to access banking app and authenticate Samsung Pay transactions, Unveiling the phone, Samsung revealed that it has been working with Bank of America, Citi, US Bank, KEB Hana, Shinhan and Woori on using the scanner for security.
„Given that an individual’s iris cannot be cloned or forged, this authentication method ensures that bank statements and confidential files can be stored securely,” says the electronics giant.
In addition, the iris recognition technology will be used to authenticate secure purchases people make with Samsung Pay.
How the Galaxy Note 7 iris scanner will work
The lockscreen will display a viewfinder for the front camera. Users will be asked to position their eyes into the two circles, from a distance of 25 to 35 centimeters. According to the patent, “the iris recognition system employs three lenses to capture the image signal, and then checks the iris of the user based on the image generated as well as other information.” This other information will also include images of the user’s face for additional identification.
The Note7 still has a fingerprint reader, with Samsung arguing that by offering more authentication options that can be used interchangeably it is catering to how people use their phones differently.
Source: finextra.com
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
