Rumor: Touch ID on PayPal's Mobile Security Radar

Rumor Touch ID on PayPal's Mobile Security RadarPayPal is said to be interested – very interested – in Touch ID, Apple’s celebrated fingerprint sensor technology introduced last fall on the current generation iPhone 5s.

Since last week, in the wake of Apple’s decision to open Touch ID to third-party developers, speculation has loomed large that PayPal may be the first big fish in the mobile payments ocean to capitalize on the opportunity afforded by Apple.

According to knowledgeable sources close to the payments provider, the eBay owned company is making Touch ID an immediate priority.

Even PayPal’s Anuj Nayar was compelled to admit ahead of last weekend that the company sent a team of developers to WWDC where they explored opportunities at a Touch ID workshop.

“It seems to be a fairly easy API to use, but we’re still kicking the tires,” another unnamed PayPal source was quoted across the blogosphere following WWDC.

When iOS 8 arrives in the fall, PayPal may be ready and waiting with the most secure payment application ever rolled out across Apple’s mobile operating system.