Samsung’s Galaxy S8 iris scanner may help users unlock financial transactions

New reports out of Korea indicate there may be some growing interest from financial firms like banks or credit card companies to incorporate iris scan security into the methods used to secure financial transactions. Iris scanning may be familiar to more users now with the launch of the Samsung Galaxy S8 and Galaxy S8+ which both make use of the technology as a way for users to unlock their devices. The latest interest shown in this technology could open the door to its use for security purposes when consumers make use of mobile payment platforms.

Security experts and industry watchers generally seem to agree that the iris scanning technology is much more secure than the use of fingerprints and passwords rendering it “virtually impossible” for a device to be unlocked absent a successful iris scan.

For now the interest primarily seems to be confined to the Korean market and some sources think interest and deployment in the U.S. market will be slow to occur if it ever does happen. The technology was included in last year’s Galaxy Note 7. With the problems that device experienced, and its eventual demise in the market, the iris scanning technology never really got a chance to take off or even garner much in the way of attention.

Would you be interested in using iris scanning for security purposes related to financial transactions or for use of a platform like Android Pay?

source: The Korea Herald
via: Phandroid

About the Author: Jeff Causey

Raised in North Carolina, Jeff Causey is a licensed CPA in North Carolina. Jeff's past Android devices include an HTC EVO, a Samsung Note II, an LG G3, and a Motorola Moto X Pure Edition along with a Samsung Galaxy Tablet 10.1. He currently uses a Samsung Galaxy S8 and (very rarely) a Nexus 7 (2013). He is also using a Verizon-branded Motorola Moto Z Play Droid supplied by his job. Jeff used to have a pair of Google Glass and a Moto 360 Sport in his stable of gadgets. Unfortunately, his kids have all drunk the Apple Kool-Aid and have i-devices. Life at home often includes demonstrations of the superiority of his Android based devices. In his free time, Jeff is active an active runner usually training for his next marathon, owns a MINI Cooper, and plays Dungeons & Dragons. Jeff has three mostly grown kids and a golden retriever.

  • CRKT

    Already using iris scanning when I pay with Samsung pay. Very smooth and it works so much better then stated in pre-release videos of the Galaxy S8.