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New Note 7's iris recognition to work with Kookmin Bank's services

All News 14:56 September 29, 2016

SEOUL, Sept. 29 (Yonhap) -- The iris-recognition capability of the new Galaxy Note 7 smartphone by Samsung Electronics Co. is expected to allow customers to use mobile banking services by Kookmin Bank, a commercial bank in South Korea, a bank official said Thursday.

Samsung plans to start sales of the new Note 7 on Saturday in South Korea, about one month after the world's biggest maker of smartphones announced a global recall of the old Note 7 due to a faulty battery.

Samsung will soon announce a partnership with Kookmin Bank and other financial firms to expand the ecosystem of the iris-recognition capability of the devices.

"Last-minute preparations have been underway to link our mobile banking services to the iris-recognition capability of the Galaxy Note 7," said a Kookmin Bank official.

New Note 7's iris recognition to work with Kookmin Bank's services - 1

No date has been set for the start of Kookmin's mobile banking services on the Note 7, but it will begin in the near future, the official said.

The Note 7 supports Samsung Pass authentication solution, bringing authentication such as iris scanning and fingerprint recognition to more financial apps and services.

In a statement on Thursday, Samsung said more than 80 percent of the old Note 7 smartphones sold in South Korea are expected to be swapped for new Note 7s by Saturday.

Samsung resumed TV ads for the new Note 7 Wednesday, while promising to pay 50 percent of the repair costs for the new Note 7 screens for customers who buy them in October.

To better identify the new Note 7, the new devices have a green battery indicator and the size of the indicator is 30 percent larger than that of the old Note 7, which has a white battery icon.

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