Korea shifts to nfc authentication for mobile banking
1. Korea shifts to NFC authenticationfor mobilebanking
Korean financial institutions are to offer streamlined NFC authentication for mobile banking
transactions starting from as soon as the first half of 2015, according to local media reports.
Bank customers currently use dedicated passcode generator devices to access their accounts, but
the new system will see them authenticating by simply tapping a contactless bank card to their
NFC Business Cards phone, reports the Airang news service.
Source:http://www.nfcworld.com/2015/03/02/334407/korea-shifts-to-nfc-authentication-for-
mobile-banking/
