Barely an hour after it’s global launch, PayPal and AliBaba have both announced they are implementing the fingerprint reader on the Samsung Galaxy S5 as a payment alternative when you don’t want to use a PIN or password.
PayPal and Alibaba ranks as some of the biggest portals that money exchanges hands on the world wide web. PayPal is the biggest payment processor online while AliBaba is the king of buying and importing/exporting goods from China.
PayPal has already released a FIDO-based authentication system that allows you to use the fingerprint scanner to authorize payments and it’s now live in 25 countries.
John Lunn, Chief Wizard of PayPal X UK, said that “customers can use their finger to pay with PayPal from their new Samsung Galaxy S5”. He mentioned that the system is secure and is stored safe at PayPal.
“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.” He added.