PayPal to integrate mobile payments app with Apple's Touch ID

Payments and money transfer company PayPal is planning to integrate its mobile payment apps with software giant Apple's fingerprint-scanning system, Touch ID.

Payments and money transfer company PayPal is planning to integrate its mobile payment apps with software giant Apple’s fingerprint-scanning system, Touch ID.

The latest scanning system authenticates users with a fingerprint scan instead of typed password.

Post the software firm’s announcement of making the iPhone 5S fingerprint reader system available for third-party app developers through an API, various firms are flocking to leverage the technology.

PayPal’s developers have attended a session on iPhone 5S fingerprint reader at Apple’s annual Worldwide Developers Conference in San Francisco, reported Business Insider, citing a PayPal source.

"It seems to be a fairly easy API to use, but we’re still kicking the tires," the PayPal source added.

Currently used only to unlock the phone or authorize iTunes Store purchases, the Touch ID system is to be expanded as a complete mobile wallet service.

With this service, Apple Wallet will enable iPhone users to check-out quickly on e-commerce apps, while making payments without a credit card, when paying in-person at retail stores.