Samsung offers biometric scanner on new flagship device, PayPal app becomes first to utilize it

Samsung Mobile revealed its latest flagship device the Galaxy S5 yesterday, presenting new smart features to make Mcommerce transactions more secure.

The new device was presented by Samsung yesterday, February 24^th, at Mobile World Congress (MWC) in Barcelona. The newly revamped successor to last year’s Galaxy S4 has aligned itself with other top competitors in its class, most notably the Apple iPhone 5s, due to the addition of a fingerprint scanner on the device's home button.

Unlike Apple, whose biometric fingerprint scanner can only be used as a security tool for Apple originated content and features like AppStore purchases and Screen unlocking, Samsung also allows third party developer access to the scanner.

Samsung partnered with PayPal and PayPal's mobile wallet will be the first to offer secure biometric Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term off of the new platform. It would seem the partnership goes beyond the newly added fingerprint scanner, with PayPal being the first payment solution to be offered on Samsung’s new Gear 2 smartwatch.

With more device manufacturers slowly taking Apple’s lead and offering biometric security measures and with the openness of other operating systems like Android, we should expect to see more third party mobile payment methods utilize such security features.