Big news for everyone who uses PayPal. It has recently released its fingerprint-based authentication system. The release is limited to 25 countries for now. With a swipe of a finger, users may now authorize payments and perform other actions with their smartphone. Currently, this can be done on the Samsung Galaxy S5.
Here’s the official announcement from John Lunn of the PayPal Developer Network:
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”
An app for the Samsung Gear 2, Gear 2 Neo and Gear Fit have also been released. It’s very useful if you want to keep track of your balance, payments and other transactions.