Samsung announces iris scanner packed inside Galaxy Note 7

PanARMENIAN.Net - One of Samsung’s business units, Samsung Securities, announced that it will introduce a new security feature – iris scanner – for its customers, which is meant to improve the security of their transactions, as well as the management of their accounts, Phone Arena says.

The iris scanner packed inside the Galaxy Note 7 is not just a gimmicky feature, since Samsung has decided to add iris authentication for banking services.

“The identification through the Note 7’s iris scanner, along with the public digital authentication certificate, will be available on Samsung Securities’ mobile trading system,” explains a Samsung Securities official.

But things won't stop here, as other stock trading companies in South Korea plan to adopt a similar security system that takes advantage of the iris scanning technology.

This isn't the first time that Samsung is trying to push its iris scanning technology into banking industry. Several banks in South Korea have already teamed up with Samsung to allow customers to use the Galaxy Note 7 to authenticate themselves for banking services.

Although the push for iris authentication on mobile devices hasn't started with the Galaxy Note 7, Samsung needs the help of other smartphone makers in order for the technology to be adopted by financial institutions on a large scale.

Future partnerships between other major smartphone brands and banks will certainly contribute to that. It remains to be seen how well the new technology will be received by customers and how often they will use it.