PayPal security boss: OBLITERATE passwords from THE PLANET

During a keynote speech at Interop, Barrett said: "Our intention is to really obliterate, within a certain number of years, both passwords and PINs and see the whole internet — including internally in enterprises — obliterate user IDs and passwords and PINs from the face of the planet."

These devices could be USB keys, fingerprint sensors or embedded hardware, and require some user interaction, such as swiping a card, stroking their finger over a sensor or scanning their eyes.