PayPal is announcing the availability of the PayPal app with fingerprint authentication on the new Samsung Galaxy S5 device. When shopping with PayPal on their Samsung Galaxy S5, users can login with their fingerprint to shop at millions of merchants that accept PayPal on mobile web sites, mobile apps and in stores. Additionally, Samsung Galaxy S5 users who use the PayPal app will receive $50 USD or more in offers at several merchants that accept PayPal.
The PayPal app is also available today on the Samsung Gear 2 and Gear Fit. Using the PayPal app, Samsung Gear 2 owners can check-in to pay at local stores, save and redeem offers, check their balance and receive payment notifications while on the go.
PayPal provides a secure wallet in the cloud and doesn’t store personal information on the device. Customers can use their finger to pay with PayPal from their new 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.
"We are very excited about our relationship with PayPal as it will bring one of the most trusted online payment solutions in the world to the broader mobile market," said Hankil Yoon, Senior Vice President of Mobile Product Strategy. "Together with PayPal, we expect to provide our customers with a seamless and secure experience in online shopping and payments on our new Samsung Galaxy S5."
Source: PayPal