News, Education and Events Decoding Digital Payments & Fraud

News, Education and Events Decoding Digital Payments & Fraud

Samsung Introduces Fingerprint Authentication for PayPal Mobile Payments – April 14, 2014

Samsung Introduces Fingerprint Authentication for PayPal Mobile Payments

April 14, 2014

Samsung Introduces Fingerprint Authentication for PayPal Mobile Payments On Friday, Samsung Galaxy S5 models including PayPal integration became available to the general public. The devices, which enable PayPal account holders to access their accounts using the fingerprint scanner, were announced a month ago but were not available until now. In addition to the G5, the Samsung wearables Gear 2 and Gear Fit also include biometric authentication for PayPal users.

While fingerprint-scanning technology was included earlier in the iPhone 5S from Apple, the partnership with PayPal makes Samsung the first to enable fingerprint authentication for payments. According to Hill Ferguson, chief product officer for PayPal, consumers are ready.

“Not only is this way more convenient than typing in a lengthy username and password on a tiny mobile device, it’s also more secure,” Hill said. “In fact, it’s a convenience that many consumers are ready for. A recent survey by the National Cyber Security Alliance and PayPal found that more than half (53 percent) of Americans are overwhelmingly comfortable replacing passwords with newer security technologies such as fingerprint authentication.”

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Daniel Leibovitch