PayPal To Use Galaxy S Phones Finger Print Scanner For Mobile Payments

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As eBay the stock price climbs Paypal is saying they will utilizing the Galaxy S5 Finger Print Scanner. This is just another good reason the Paypal could break away from eBay. Paypal Galaxy App

A great reason to use mobile payment systems too. Combine this with the payment sites credit card scanner more merchants would be willing to accept mobile payments.

At 2.7% of every transaction paypal could make huge profits in the mobile payment space. Square seems to be wearing the crown now.

Reporting from Mobile World Congress Business Wire says "Samsung and Paypal announced a collaboration that will make Samsung Galaxy S5 users the first to be able to login and shop at any merchant that accepts PayPal on mobile and in-stores with only their fingerprint. The new secure, biometric feature means Galaxy S5 users will no longer need to remember passwords or login details across millions of PayPal merchants. PayPal will be the first global payments company to support Samsung’s mobile fingerprint authentication technology."

Paypal has already announced the introduction of Finger Print payment options on mobile device.

"We are very excited about our relationship with PayPal as it will bring one of the most trusted online payment solutions in the world to the broader mobile market," said Hankil Yoon, Senior Vice President of Mobile Product Strategy. "Together with PayPal, we expect to provide our customers with a seamless and secure experience in online shopping and payments on our new Samsung Galaxy S5."

Source

Over the last several months chatter about eBay and Paypal breaking into two companies has grown. This could make lots of people rich. That make it ripe for people to push for a split. On that note EBay Stock prices rise on this last day of February 2014. Staying tuned in on this news.

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