August 24, 2016
PayPal Working on Swallowable Authentication? Not Yet, Company Says
April 23, 2015
In a presentation called ” Kill All Passwords ” making the rounds online, a PayPal executive suggested the company is working on biometric authentication methods that include vein recognition, ingestible devices or human implants. Jonathan LeBlanc, PayPal’s global head of developer advocacy, outlined some of the work PayPal is doing as part of the FIDO Alliance concerned with the security risks posed by outdated login methods. According to the presentation, 14 percent of the population has chosen one of the 10 most common passwords (123456, password, 12345678, qwerty, abc123, 123456789, 111111, 1234567, iloveyou and adobe123). Fingerprint scanners represent an advancement, LeBlanc said in a published report, but might not be a long-term solution. Since the presentation, however, PayPal has denied it is working specifically on any of the technologies LeBlanc outlined in his talk.
“We have no plans to develop injectable or edible verification systems. It’s clear that passwords as we know them will evolve and we aim to be at the forefront of those developments,” the company said in a statement. “We were a founding member of the FIDO alliance, and the first to implement fingerprint payments with Samsung. New PayPal-driven innovations such as one touch payments make it even easier to remove the friction from shopping. We’re always innovating to make life easier and payments safer for our customers no matter what device or operating system they are using.”