IPG Media Lab

Samsung s5 Authenticates PayPal Payments

Amongst the new features on Samsung’s new s5 is fingerprint authentication. It didn’t get much attention, though, because at first it seemed like a simple catch-up to Apple’s developments. Nonetheless, it turns out that Samsung partnered with PayPal to develop a unique encrypted key that lets PayPal verify users’ identities via the fingerprint authentication, and thus pay with PayPal from the phone. With the simple swipe of a finger to authenticate identity, PayPal users can use the phone as their wallet. Though Apple is behind, they’ve made noise about fingerprint-authenticated payments as well – they’ve got one of the largest credit card repositories on the planet at the moment; all they need to do is leverage it. At the moment, though, Samsung’s beat them to it. 

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