Samsung at the Mobile World Congress (MWC) along with the GALAXY S5 also announced that a new mode of payment that would be introduced worldwide thanks to PayPal. This obviously would be possible only with the use of Samsung’s latest and greatest flagship, the GALAXY S5 which has finger print sensor built into the home key. However back then, such a feature still looked gimmicky as people were not convinced about how well such a technology would work; especially when it is running on a device with open source software.
Well, PayPal has now finally announced that the same fingerprint-based authentication system will now be available in 25 countries. This obviously had to come only after the GALAXY S5 was released worldwide because it uses the fingerprint scanner that is built into the phone.
The phone will now allow you to just swipe to make payments on mobile web sites, mobile apps and even in physical stores just via your phone. This is all thanks to PayPal without which, Samsung’s fingerprint sensor would only be limited to unlocking the device. The video below clearly shows that you will definitely not need to pull out your wallet and get all transactions done securely, just via your phone.
Commenting on security, John Lunn from PayPal Developer Network, said
“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.”
The FIDO Alliance is basically made up of a number of big names in software, hardware and finance. Some of these include Google, BlackBerry Bank of America, Lenovo, MasterCard, Microsoft and many more. Their basic objective is to create a secure online ecosystem for users and businesses helping develop a secure internet for the future.
PayPal has also launched apps for the GALAXY Gear 2 and Gear Fit as promised back at the MWC. These apps will allow the users to check their balance, get notifications about offers and even pay directly from their smartwatches (via the device of course).
In case you are wondering which are those 25 countries, Samsung‘s website currently mentions 26. Below is a list for the same; and NO, India is not on it.
US, UK, Ireland, France, Germany, Italy, Belgium, Netherlands, Luxembourg, Spain, Portugal, Austria, Denmark, Finland, Norway, Sweden, Switzerland, Poland, Turkey, Brazil, Argentina, Mexico, Russia, Australia, Singapore, Hong Kong.
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