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Samsung and PayPal Select Nok Nok Labs to Power the First FIDO Ready(TM) Authentication Ecosystem

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Nok Nok Labs
4151 Middlefield Road, Suite 200
Palo Alto, CA, 94303
USA



Press release date: April 22, 2014

Secure Consumer Payments Uniquely Enabled with Easy-to-Use Fingerprint Sensors on New Samsung Galaxy S5

PALO ALTO, Calif. - Nok Nok Labs, an innovator in modern authentication and founding member of the FIDO Alliance, today announced that Samsung and PayPal have selected the company's NNL™ S3 Authentication Suite to enable the new mobile payment system introduced at Mobile World Congress.   As Samsung and PayPal announced, the next Samsung Galaxy S5 smartphone will enable seamless and secure mobile payments via an integrated Fingerprint Sensor (FPS).  The S3 Suite from Nok Nok Labs allows both Samsung and PayPal to provide a simpler, more secure mobile shopping experience, leveraging the emerging FIDO™ standards.

The NNL™ Multifactor Client (MFAC) Mobile Edition (also called the "NNL FingerPrint Passport") allows the Galaxy S5 Fingerprint Sensor to connect securely to online services, and will help Samsung enable users to authenticate any FIDO Ready™ application with the existing security capabilities of their device. PayPal has deployed the NNL™ Multifactor Authentication Server (MFAS) to provide a unified and flexible authentication infrastructure that communicates securely with the NNL client on the Galaxy S5. Both Nok Nok™ products are FIDO Ready, meaning they have been certified by the FIDO Alliance.

"This is a tremendous opportunity to collaborate with Samsung and PayPal to help drive secure mobile payments around the globe," said Phillip Dunkelberger, President & CEO, Nok Nok Labs. "By providing the NNL FIDO Ready solution, we are bringing the vision of the FIDO Alliance on a global scale, and at the same time providing PayPal, Samsung and their customers with an easy-to-use and more secure solution."

"Combining FIDO Ready authentication with the new biometric security feature on the Galaxy S5 means users will no longer need to type passwords or login details when they shop," said Hill Ferguson, Chief Product Officer, PayPal. "Users of the Samsung Galaxy S5 can now benefit from a uniquely secure and seamless online, mobile and in-store shopping experience across the millions of merchants that accept our trusted PayPal service - this means that consumers don't need to sacrifice convenience to increase security."

The S3 Suite enables the next generation of authentication for Internet-scale applications and services, leveraging the existing security capabilities on a device, such as a built-in fingerprint sensor, camera or Trusted Platform Module (TPM), to provide user-friendly, strong authentication to any FIDO Ready application. While improving the user experience and unifying authentication silos, the S3 Suite also reduces the cost and complexity of authentication infrastructure. With a flexible and extensible architecture, the S3 Suite provides risk-appropriate authentication capabilities for a wide range of applications.

"Web services such as PayPal can now seamlessly add support for new and innovative methods of authentication, while ensuring that aged or broken authenticators can be quickly removed from circulation," said Michael Barrett, Executive Director of the FIDO Alliance. "We congratulate Nok Nok Labs on being selected by Samsung and PayPal to provide the first FIDO Ready deployment that will enable a simple, more secure mobile shopping experience."

Samsung is one of the world's most trusted handset makers, with a strong presence in more than 150 countries. PayPal enables global commerce and processes more than 9 million payments every day.

The Galaxy S5 will be available in April 2014. PayPal payments will be available from launch in 25 markets, including Australia, Brazil, Hong Kong, Russia, United Kingdom and the United States.

About Nok Nok Labs
Nok Nok Labs, Inc., based in Palo Alto, CA, was founded to transform online authentication for modern computing. The company is backed by a team of security industry veterans from PGP, Netscape, Oracle, PayPal and Phoenix that have deep experience in building Internet scale security protocols and products.  The company's solutions enable end-to-end trust across the web using authentication methods that are natural to end-users and provide strong proof of identity.  For more information, visit www.noknok.com.

About Samsung Electronics Co. Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers, printers, cameras, home appliances, LTE systems, medical devices, semiconductors and LED solutions. We employ 270,000 people across 79 countries with annual sales of US$187.8 billion. To discover more, please visit www.samsung.com.

Contact: 
Tom Rice, 804-864-8827, rice@merrittgrp.com

Source
Nok Nok Labs

Web Site: https://www.noknok.com


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