Saturday, April 12, 2014

PayPal biometric authentication

Hill Ferguson, Chief Product Officer, PayPal


patpal logo trademark.jpgWhen people hear the terms “biometric authentication” and “wearable technology”, they often think they’re something from a futuristic movie. But, the reality is that these technologies are here today. As a product guy, I love technology, but I like it even better when we use it to make consumers’ lives easier. We announced this back at Mobile World Congress, but the day has finally come when Samsung Galaxy S5 users in 25 countries can ditch their usernames and passwords and simply login to PayPal with their fingerprint to shop at the millions of businesses that accept PayPal on mobile web sites, mobile apps and in stores.

Not only is this way more convenient than typing in a lengthy username and password on a tiny mobile device, it’s also more secure. In fact, it’s a convenience that many consumers are ready for. A recent survey by the National Cyber Security Alliance and PayPal found that more than half (53 percent) of Americans are overwhelmingly comfortable replacing passwords with newer security technologies such as fingerprint authentication.

Just because I grew up watching Star Trek, I also have to mention that the PayPal app is coming out on the Gear 2 and Gear Fit today. (Our friends at eBay already have an app there.) While we are all too often glued to our mobile phones, there are still times where I wish I didn't have to take out my phone (or my wallet, for that matter) to do things like shop at my favorite lunch spot. That’s why we’re making it easy for Gear 2 and Gear Fit users to check-in to pay with PayPal at thousands of stores in eight countries. They can also conveniently check their PayPal balance, get payment notifications and save offers from local businesses – all from their wrist.

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If you’re on the fence about whether or not to get a Samsung Galaxy S5, Gear 2 and Gear Fit, watch our demo video below, check out the $50 and more in offers we have for S5 users, and hopefully it will make you think twice about sticking with your current device!

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