PayPal, Samsung to launch FIDO authentication and biometric payments for Galaxy S5

Wednesday 26 February 2014 00:02 CET | News

PayPal and Samsung have teamed up to deploy FIDO authentication and biometric fingerprint payment options for the new Galaxy S5 smartphone.

According to the FIDO Alliance, users of the Galaxy S5 can now login and shop via fingerprint in online, mobile and in-store payments wherever PayPal is accepted. This is made possible through FIDO Ready software and a new embedded fingerprint sensor. Per FIDO specifications, the only information a user’s 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 servers.

PayPal is the first global payments company to support Samsung’s new mobile fingerprint authentication technology.

The FIDO Alliance has also mentioned that starting in April 2014, FIDO authentication from PayPal and Samsung will be available in 26 markets globally, including Australia, Brazil, Hong Kong, Russia, UK and the US.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: PayPal, Samsung, FIDO Alliance, online fraud, biometrics, authentication
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

Industry Events