PayPal Enables Secure Login Via Cryptographic Key Pairs

PayPal Holdings, Inc PYPL added passkeys as an easy and secure login for PayPal accounts.
Passkeys are a new industry standard created by the FIDO Alliance and the World Wide Web Consortium that replace passwords with cryptographic key pairs.
The new PayPal login option will first be available to Apple Inc AAPL iPhone, iPad, or Mac users on PayPal.com and expand to additional platforms as those platforms add support for passkeys.
Also Read: PayPal Analyst Sees Narrowed Product Focus, Opex Optimization Driving Upside
Doug Bland, SVP and GM, Head of Consumer, said, "We are excited to provide our customers a more seamless checkout experience that eliminates the risks of weak and reused credentials and removes the frustration of remembering a password. We are making it easier for customers to shop online."
PayPal passkeys will start rolling out today to customers in the U.S. PayPal passkeys will become available in additional countries early in 2023.
PayPal walked back a change it published to its acceptable use policy (AUP), which would have allowed PayPal to debit users $2,500 for spreading "misinformation."
PayPal said the AUP was published in error and contained incorrect information.
Price Action: PYPL shares traded lower by 2.2% at $82.09 on the last check Monday.
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