PayPal, Samsung to Offer Biometric Authentication in Galaxy S5
Feb. 27, 2014
Samsung and PayPal told attendees at a Barcelona conference they have partnered to enable in-store mobile payments authenticated with a fingerprint. Consumers with the new Samsung Galaxy S5 will be able to pay for their purchases using PayPal in stores and via their device using only their fingerprint as identification. The two companies, which were founding members of the FIDO Alliance, have incorporated FIDO Ready software to facilitate the authentication.
“We spearheaded the Fast IDentity Online Alliance last year and predicted that the industry would soon move beyond passwords, and this announcement brings us one step closer to that reality,” said Hill Ferguson, chief product officer for PayPal. “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 fingerprint authentication on the Samsung Galaxy S5 will be available in the U.S., U.K., Australia, Brazil, Hong Kong, Russia and 20 other countries in April.