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Hill Ferguson, Chief Product Officer, PayPal


 

mwc_fp_v1_summary.jpgEarlier today at Samsung’s Unpacked event at Mobile World Congress, the company unveiled its new, fifth generation Samsung Galaxy S5 and PayPal will be the first global payments company to support its mobile fingerprint authentication technology. Samsung Galaxy S5 users will be the first to use their fingerprint to login to shop at any merchant that accepts PayPal on mobile and in-stores – no passwords or logins to remember. This builds on yesterday’s news that PayPal will be available on the new Samsung Gear 2 smartwatches.

Samsung is one of the world's most trusted handset makers, with a presence in more than 150 countries. By using fingerprint authentication instead of a traditional login and password on the new Samsung Galaxy S5, consumers benefit from an even more secure and seamless mobile and in-store shopping experience across the millions of merchants that accept PayPal.

We spearheaded the Fast IDentity Online (FIDO) Alliance last year and predicted that the industry would soon move beyond passwords, and this announcement brings us one step closer to that reality. By working with Samsung to leverage fingerprint authentication technology on their new Samsung Galaxy S5, we are able to demonstrate to consumers don’t need to sacrifice convenience to increase security. With a simple swipe of a finger, consumers can still securely log into their PayPal account to shop and pay with the convenience that mobile devices afford.

Security has always been and continues to be of utmost importance to PayPal. A crucial part of this commitment is leveraging technology that improves security without adding complexity and confusion.

PayPal provides a secure wallet in the cloud and doesn’t store personal information on the device. 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.

Starting in April, PayPal fingerprint authentication on the Samsung Galaxy S5 will be available in 26 markets, including Australia, Brazil, Hong Kong, Russia, United Kingdom and United States.

Stay on top of PayPal’s news at Mobile World Congress by us following us @PAYPAL. If you’re at the show, download the official GSMA app and save yourself some time by ordering food ahead of time and paying with PayPal.

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