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Financial institutions to simplify authentication system for mobile banking this year: reports Updated: 2015-03-02 22:02:08 KST

Mobile banking has made life much more convenient, but many still struggle with the crucial first step in gaining access to their account online -- authentication.
Starting this year, that process could be as simple and easy as touching your credit card to your smartphone.
Reports say Korean financial institutions are preparing to launch the new method which uses near-field communication technology, within the first half.
If all goes as planned, people won't have to deal with the hassle of verifying each transaction using a security code from their bank.

Reporter : jiwonpark@arirang.co.kr