By Stephen Nakrosis


PayPal Holdings, Inc. on Monday said it was adding passkeys as a new log in option for account holders.

The company said passkeys replace passwords with "cryptographic key pairs, offering customers a simple and secure way to log in to PayPal based on technology that is resistant to phishing and designed so that there is no shared passkey data between platforms."

Passkeys will be available Monday to customers in the U.S., initially to iPhone, iPad or Mac users on PayPal.com. The company said the option will become available on additional platforms as those platforms add support for passkeys. Passkeys will also become available in additional countries beginning next year, PayPal said.

Doug Bland, head of consumer at PayPal, 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."


Write to Stephen Nakrosis at stephen.nakrosis@wsj.com


(END) Dow Jones Newswires

10-24-22 1140ET