[MWC 2014] It was some time last week when we brought you word that Samsung might unveil a working partnership of sorts with PayPal at this week’s Mobile World Congress, and it seemed that such a rumor was right on the money. In fact, PayPal has made an announcement that the recently unveiled Samsung Galaxy S5 will have the honor of being the first smartphone from the South Korean manufacturer to be able to login and shop at any merchant that accepts PayPal on mobile, as well as in stores, using not one’s signature, but rather, a fingerprint. Such a new secure biometric feature could translate to the Galaxy S5 not requiring its users to remember passwords or login details whenever one wants to pay using one’s PayPal account.
In fact, it is touted that PayPal will be the first global payments company which will be able to support fingerprint authorization when it comes to payment at retailers or online, and we are quite confident that PayPal will not be the last to do so, either. Who knows? This might prove to be another lucrative revenue stream for the folks over at PayPal. What do you think of the chances of fraud in this manner?