Payments

Samsung and Paypal enable Galaxy S5 payments in 25 countries, Verizon doesn't seem to like it

MEDICI

Just in time for the world release of the Galaxy S5, PayPal announced the availability of its fingerprint-based authentication system in 25 countries.

First announced at MWC 2014, the system allows PayPal users to log in the app and authorize payments and other operations with a simple swipe over the Galaxy S5’s home button. After logging in, users have access to mobile and online payments at millions of retailers that support PayPal. Using biometric authentication is more secure and more convenient that the traditional credential system because users don’t have to memorize a complex password and don’t have to worry about people nearby seeing their credentials.

Samsung Galaxy S5 is the first phone to integrate the FIDO authentication standard, which is developed by an alliance of tech companies including Google, Microsoft, MasterCard, and Lenovo.

PayPal also introduced a special app for the Galaxy Gear 2, Gear Neo, and the Gear Fit that lets users check their PayPal balance, receive payment notifications, and even make payments right from their wrists.

Read More: Source

However Verizon does not seem to be enjoying this:

As we’re sure many of you guys know by now, the Samsung Galaxy S5 will come with a fingerprint scanner. Not only will the scanner be used to unlocked the phone, but it can also be used to authenticate PayPal payments. Sounds good, right? Unfortunately it seems that the feature will not be making its way onto Verizon’s version of the Galaxy S5.

This was discovered by the folks at Droid-Life who realized that the Verizon version of the Galaxy S5 does not come with the ability to use the fingerprint scanner to authorize PayPal payments. Given that this is one of the features that Samsung has been pushing, we’re betting that Samsung can’t be too happy about this omission.

Now we’re not sure why Verizon has decided to remove this feature since they have not officially commented on the matter, but as it stands Verizon is the only carrier that has disabled the feature. It has been noted that Galaxy S5 handsets for AT&T and Sprint have no trouble accessing the feature themselves.

Read More: Source

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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