18 August 2017
Find out more

Samsung and PayPal team to let Galaxy S5 owners pay by fingerprint

25 February 2014  |  7789 views  |  0 PayPal Samsung s5

Owners of the new Samsung Galaxy S5 will be able to use the handset's fingerprint authentication system to make payments at online and in-store merchants that accept PayPal.

Eliminating the need for passwords, the new feature - available from April in 26 countries - will let Galaxy S5 users login and shop at any merchant that accepts PayPal on mobile and in-stores with only their fingerprint.



Hill Ferguson, chief product officer, PayPal, says: "By working with Samsung to leverage fingerprint authentication technology on their new Galaxy S5, we are able to demonstrate that consumers don't need to face a tradeoff between security and convenience."

PayPal says that customers can use their finger to pay because the Fido-ready software on the device securely communicates between the fingerprint sensor on their phone and its service in the cloud. The only information the device shares with PayPal is a unique encrypted key that for identifying the customer without having to store any biometric information on the eBay unit's servers.

The Fido (Fast IDentity Online) Alliance is a collection of major firms - including PayPal, Google and MasterCard - which bidding to replace password-based authentication with an industry-supported open protocol tied to the actual device used to access services.

PayPal also unveiled plans this week for a Samsung Gear 2 smartwatch app which will enable owners to check-in to pay at local stores, save and redeem offers, send money to a friend instantly, and receive payment notifications while on the go.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

PayPal says the time is right for wearable payments

PayPal says the time is right for wearable payments

24 February 2014  |  9481 views  |  0 comments | 24 tweets | 21 linkedin
PayPal names Danese Cooper head, open source

PayPal names Danese Cooper head, open source

21 February 2014  |  5443 views  |  0 comments | 8 tweets | 2 linkedin
Apple preparing to move into payments - WSJ

Apple preparing to move into payments - WSJ

27 January 2014  |  12049 views  |  3 comments | 29 tweets | 28 linkedin
MasterCard joins Fido Alliance in bid to replace passwords with biometrics

MasterCard joins Fido Alliance in bid to replace passwords with biometrics

11 October 2013  |  15852 views  |  0 comments | 12 tweets | 14 linkedin
Apple adds fingerprint sensor to new model iPhone

Apple adds fingerprint sensor to new model iPhone

11 September 2013  |  7594 views  |  3 comments | 5 tweets | 3 linkedin
Samsung Galaxy S4 gets barcode scanning tech for digital coupons

Samsung Galaxy S4 gets barcode scanning tech for digital coupons

15 March 2013  |  11081 views  |  0 comments | 9 tweets | 7 linkedin
Samsung to pre-load mobile devices with Visa NFC app

Samsung to pre-load mobile devices with Visa NFC app

25 February 2013  |  12721 views  |  2 comments | 18 tweets | 11 linkedin
Visa shows off Olympics NFC m-payments app

Visa shows off Olympics NFC m-payments app

24 February 2012  |  13590 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.abe-eba.euvisit www.dorsum.eu

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10369 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8549 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7967 views 0 | 1 tweets | 9 linkedin
Uneasy sits the crown as cash use continues declineUneasy sits the crown as cash use continue...
7943 views comments | 3 tweets | 7 linkedin

Featured job


Brussels or Frankfurt

Find your next job