PayPal reportedly planning to integrate iOS 8’s Touch ID API in mobile payment app

I am not sure how I feel about this. I guess it depends on how reliable the new scanner is. How easy is this new fingerprint scanner to hack? If nothing has changed from the iPhone 5 fingerprint scanner, then this is just a huge security risk and I won’t use it.

It’s clear that this technology is approaching fast and our financial systems are woefully underprepared for this tech.

Originally posted on 9to5Mac:

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When Apple unveiled the Touch ID API during its WWDC keynote earlier this week, users and developers alike immediately started considering possible uses. It seems PayPal was also quite interested in putting the fingerprint technology to work in its mobile app.

According to Business Insider, several PayPal developers attended a WWDC session on the new API and the company is actively considering its implementation. The idea here is likely to get a head-start on Apple, which is currently said to be working on its own mobile payment service in conjunction with several major payment processors.

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