PayPal has launched fingerprint-based payments service for the Samsung Galaxy S5 that works in 25 countries. Using this technology users are able to seamlessly and securely make payments at millions of retailers that support PayPal. Plus, to fire things-up, they’ll get free $50 to “spend with their finger.”
Customers can use their finger to pay with PayPal from their new Samsung Galaxy S5 because the FIDO Ready software on the device securely communicates between the fingerprint sensor on their 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.
Sammy’s flagship device is the first phone to integrate the FIDO authentication standard, which is developed by an alliance of tech companies that includes such giants as Google, Microsoft, MasterCard and Lenovo.
In the other PayPal news, the company has also launched apps for the Galaxy Gear 2, Gear Neo, Gear Fit that allow users to check their PayPal balance, receive payment notifications, and even make payments right from their wrists. Cool stuff, check out the two videos below to see this tech in action. 😉