April 3, 2014

Pay with Your Fingerprint

imgres-1.jpg Samsung’s Galaxy S5 is the first smartphone that can use a fingerprint to authorize payments in stores and online. MIT Technology Review reports.

quotemarksright.jpgAnyone with an iPhone 5 can use its fingerprint reader to unlock the device and pay for apps or music in Apple’s iTunes store. Owners of Samsung’s latest flagship device, the Galaxy S5 smartphone, which launches on April 11, will be able to make much broader use of their fingerprints to pay for things. If they visit a website or app that accepts PayPal using the device, they can authorize payments by swiping a finger across the phone’s home button. And PayPal’s own mobile app can be used to pay for goods in some physical stores in the U.S.

Fingerprint payments are likely to be offered on many more smartphones in the near future. The Galaxy S5’s payments system is the first commercial deployment of a new protocol developed by the FIDO Alliance, a group founded by tech companies to end our reliance on insecure passwords. Indeed, fingerprint readers are expected to become commonplace on mobile devices over the next year or so.quotesmarksleft.jpg

Read full article.

emily | 9:04 AM | Mobile Payments | Add this this entry to your del.icio.us bookmarks. Digg This Technorati search results for this Entry
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