February 25, 2014 -
The FIDO Alliance has announced the first deployment of FIDO authentication and biometric fingerprint payment options, through a new collaboration between PayPal and Samsung, for the shiny new Galaxy S5 smartphone.
According to the 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.
In case you missed it, Samsung introduced its newest flagship smartphone, the Galaxy S5, and it features an embedded fingerprint swipe sensor in the device’s home button.
As of yet, it is still unclear from where Samsung has sourced its fingerprint sensor technology.
“We congratulate PayPal and Samsung on their partnership, and their graphic demonstration of the value proposition that FIDO technologies bring – a login experience that is radically easier for consumers than passwords; and one that is simultaneously much stronger for Internet services,” Michael Barrett, president of the FIDO Alliance said. “While this first deployment of FIDO Ready technology leverages a biometric – a simple swipe of a finger – we anticipate FIDO authentication to emerge in many forms and applications, through many providers and as a result of many more innovative partnerships dedicated to moving beyond passwords with more secure, private, easier-to-use authentication.”
According to an announcement from the FIDO Alliance, starting in April 2014, FIDO authentication from PayPal and Samsung will be available in 26 markets globally, including Australia, Brazil, Hong Kong, Russia, United Kingdom and United States.