Online shoppers will be able to shop more conveniently as the FSC plans to introduce more simple online payment process. Currently, shoppers have to go through an additional personal identity verification system such as SMS verification even after logging in the respective website. However, customers will only need to type in ID and passwords as such process will be acknowledged as a verification process that verifies the identity of the respective credit card holder.
However, additional identity verification process will be still valid in case of purchasing products that can be immediately liquidated such as cyber case used in online game sites. Moreover, information related to payment, and ID or password change will immediately be sent to the consumer via SMS or email to prevent possible frauds.
The new measures will go into force within this year after revising related acts.