According to a PayPal developer, the future of online security for sensitive online and mobile transactions could well be in ingestable or embeddable technology.
It means that you yourself, thanks to some sort of device in your body, would offer the extra layer of security to your transactions.
PayPal’s global head of developer advocacy Jonathan Leblanc has been out and about giving this presentation called Kill All Passwords. Take a look at it yourself and you’ll see where’s he’s coming from. Basically the the next step in online security is going to be more than your dog’s name with a 1 in it.
Leblanc says that there’s no change communing imminently: “I can’t speculate as to what PayPal will do in the future, but we’re looking at new techniques – we do have fingerprint scanning that is being worked on right now – so we’re definitely looking at the identity field. I ground a lot of my talks in reality, but toward the end of the presentation things get a little strange.”
Edited to add: A PayPal spokesperson has told us: “We have no plans to develop injectable or edible verification systems. It’s clear that passwords as we know them will evolve and we aim to be at the forefront of those developments. We were a founding member of the FIDO alliance, and the first to implement fingerprint payments with Samsung. New PayPal-driven innovations such as one touch payments make it even easier to remove the friction from shopping. We’re always innovating to make life easier and payments safer for our customers no matter what device or operating system they are using.”