When the Samsung Galaxy S5 is released on April 11, users will be able to use their fingerprint to securely login in and shop at companies that use PayPal. All it takes is a simple finger swipe.
PayPal’s app can also be used to pay for products in some physical stores.
PayPal does not store personal information on the device. Instead, the FIDO Ready™ software on the device securely communicates between the fingerprint sensor on the device and PayPal’s service in the cloud. The only information the device shares with PayPal is a unique encrypted key that allows PayPal to verify the identity of the customer without having to store any biometric information on PayPal’s servers.
The iPhone 5 already lets users unlock their devices with their fingerprint and pay for purchases in iTunes.
These new biometric features moves us beyond passwords and towards the inevitable proliferation of fingerprint authentication technology.