THE PAYPAL APP for iOS reportedly will be among the first to integrate Apple's Touch ID API, allowing users to make payments by scanning their fingerprints.
During its Worldwide Developer Conference (WWDC) keynote on Monday, Apple announced plans to open Touch ID integration to third-party developers. Paypal likely will be one of the first to make use of the API, allowing users to authenticate payments with their fingerprints rather than typed passwords.
That's according to Business Insider, which reported that a team of Paypal developers were spotted attending a WWDC session about the Touch ID API. Paypal director of global initiatives Anuj Nayar told the publication that the company had indeed attended the session, and hinted that it is experimenting with the technology.
"It seems to be a fairly easy API to use, but we're still kicking the tires," Nayar said.
While this isn't outright confirmation, such a move would make sense, as Paypal allows payments to be made by fingerprint on the Samsung Galaxy S5. What's more, Apple CEO Tim Cook said during a recent earnings call that mobile payment was a factor behind the introduction of the fingerprint scanning security feature.
Analysts think it would be a good move too. Aite Group senior analyst Thad Peterson said, "If I can use Paypal with the iPhone using my thumbprint, that creates incremental value for consumers.
"That's the advantage of throwing it out to developers, it's a testing ground to see what works."
Paypal has yet to comment further on the report. µ