PayPal has recently discussed a number of biometric security solutions that could well be used in order to slowly kill off the traditional password. While we are used to the idea of fingerprint sensors and the possibility of iris scanners in the future, PayPal has a couple of strange ideas.
Out there solutions that PayPal is currently talking about include vein recognition, pills that would contain your sensitive information and chip embedded tattoos. As you probably know, PayPal specialises in making payments, acting as the middle man between your bank and a specific merchant.
The payments firm is currently talking about its ideas via a presentation at tech conferences and trade shows, known as ‘kill all passwords’. The big focus is to protect users better against hacking and phishing scams.
According to The Inquirer, these presentations are being headed by PayPal’s global head of developer advocacy, Jonathan LeBlanc, who notes that around 40 per cent of people use unsecure passwords like ‘abc123’ and ‘password’.
“As long as passwords remain the standard method for identifying your users on the web, people will still continue to use ‘letmein’ or ‘password123’ for their secure log-in, and will continue to be shocked when their accounts become compromised”
According to LeBlanc, the future of mobile payments lies within injectable or consumable account information. Additionally, LeBlanc believes that external biometric interaction devices, like fingerprint scanners or iris scanners, will be outdated and phased out before PayPal would consider using them.
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KitGuru Says: A lot of PayPal’s ideas sound quite far-fetched, I’m not really sure people are going to want brain chip implants, or have to take a pill containing a chip with their login information on in order to pay for things with their phone or access their accounts.