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

1. Switch00

Posts: 536; Member since: Sep 04, 2013

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

5. TechBizJP08

Posts: 495; Member since: Mar 25, 2013

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

9. alfiehp21

Posts: 17; Member since: Aug 29, 2012

Dibs!!!

2. illusionmist

Posts: 157; Member since: Jan 29, 2013

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

3. chemhaz

Posts: 161; Member since: May 04, 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?

4. THE.DARK.KNIGHT

Posts: 269; Member since: Sep 09, 2013

All I care about is iOS 7!!!

6. CX3NT3_713

Posts: 2349; Member since: Apr 18, 2011

LOL!!!!!!

7. darkkjedii

Posts: 30972; Member since: Feb 05, 2011

Smart man. Ios7 is gonna be great.

8. kozza3

Posts: 778; Member since: Oct 17, 2012

have you tried the dev preview or w/e

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