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On the eve of the iPhone 5S fingerprint sensor, PayPal debuts hands-free phone payment

On the eve of the iPhone 5S fingerprint sensor, PayPal debuts hands-free phone payment
Called Beacon, PayPal's new contraption for handsfree smartphone payment got announced just when Apple is expected to unveil fingerprint sensing technology for its new iPhone 5S, which could have everything to do with mobile payments system authentication.

PayPal's invention looks like a memory stick, and plugs in an outlet on the merchant's side, communicating with an app in your smartphone via the low-power Bluetooth LE standard, recognizing immediately you have entered the store. The phone then vibrates swiftly or uses other methods of notifying you whether you want to check in, afterwards the merchant's got all your PayPal payment details, and you can check out and pay just with a tap or a verbal confirmation. Alternatively, you can choose and pay upfront for stuff from Beacon-laden stores and fast-food joints, then just pick the goods up on your way. 

Sounds like a svelte idea, which is a few steps easier than standing in line, waiting for the credit card swipe, then, say, sign in a restaurant - now you can just pay and leave on the spot. If you don't want to be recognized in the store or plan on using another form of payment, you can simply ignore the check-in prompt. PayPal is now spreading the word to merchants and developers about Beacon, hoping the idea will get traction, and many surrounding services will pop up to make payment faster and easier than before.

source: PayPal

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9 Comments
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posted on 10 Sep 2013, 03:48

1. Switch00 (Posts: 11; Member since: 04 Sep 2013)


who wants and who needs this? breathtaking but in everyday unuseful functions.

posted on 10 Sep 2013, 04:26 1

5. TechBizJP08 (Posts: 491; Member since: 25 Mar 2013)


i want the chick. She\'s hot. :)

posted on 10 Sep 2013, 11:16 1

9. alfiehp21 (Posts: 17; Member since: 29 Aug 2012)


Dibs!!!

posted on 10 Sep 2013, 04:10

2. illusionmist (Posts: 81; Member since: 29 Jan 2013)


And iBeacons in iOS 7. Something is up...

posted on 10 Sep 2013, 04:15 1

3. chemhaz (Posts: 153; Member since: 04 May 2012)


If this takes off it could replace the IR sensor at the shop front door that chimes when someone walks in . . . . how annoying.

Seriously, the pre-paid stuff might be nice, but what's the difference with checking out via the website?

posted on 10 Sep 2013, 04:16 2

4. THE.DARK.KNIGHT (banned) (Posts: 269; Member since: 09 Sep 2013)


All I care about is iOS 7!!!

posted on 10 Sep 2013, 05:56

6. CX3NT3_713 (Posts: 1433; Member since: 18 Apr 2011)


LOL!!!!!!

posted on 10 Sep 2013, 06:48 1

7. darkkjedii (Posts: 9262; Member since: 05 Feb 2011)


Smart man. Ios7 is gonna be great.

posted on 10 Sep 2013, 10:17

8. kozza3 (Posts: 573; Member since: 17 Oct 2012)


have you tried the dev preview or w/e

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