Microlatch developing fingerprint tech for Apple to use in NFC apps

There has been a whole lot of hoopla concerning Apple deploying NFC technology on iOS devices, especially prior to the iPhone 5‘s release last month. NFC, or Near-Field Communication, facilitates close-proximity wireless payments on mobile devices.

Marketing boss Phil Schiller explained Apple passed on NFC with this year’s iOS devices lineup because “Passbook does the kinds of things customers need today”, noting that“it’s not clear that NFC is the solution to any current problem”.

In the reality, Apple is working behind the scenes, taking its time to put the pieces of the NFC puzzle together until an NFC-equipped iPhone and the associated service is fully baked and ready for public consumption. It doesn’t come as a surprise then that Apple is working with Sydney-based Microlatch to develop fingerprint technology for NFC apps…

Andrew Colley, writing for The Australian:

Apple has struck an agreement with an Australian biosecurity start-up in another sign the company is readying its iPhone line for the mobile payment era.

The five-year-old company, Microlatch, has been backed by investors led by former Commonwealth Bank chief David Murray, who famously blamed the technology sector for the collapse of the US economy in 2002.

So Murray, who happens to be a former banking chief and now heads Microlatch, told the paper that the five-year old startup “owns patents and technologies that meet banking security standards that allows fingerprints and biometrics to be processed on the device without the need for transmission or storage”.

Apple is working with a highly specialized NFC startup focused on security of the transactions, there’s little doubt Apple is indeed secretly working on a far-reaching NFC solution and it’s fairly accurate to say that your iPhone will soon replace your wallet.

Let’s also not forget that Apple paid $356 million for smart sensors maker AuthenTec. Though peanuts for Apple, it acquired AuthenTec for a very good reason, enterprise security being just a small facet of it.

Furthermore, AuthenTec’s clients – like AMD, Hewlett-Packard, Samsung and others – are “in a state of panic” as the company urged them to look for NFC and fingerprint sensors elsewhere beginning next year.

Apple’s ‘go-slow’ approach to NFC and mobile payment was exposed in a Wall Street Journal article back in July. The story detailed how Apple engineers had previously looked into bringing NFC on the iPhone, but were worried about battery life, security of mobile payments and the slow adoption of NFC among retailers.

Apple’s head of iPhone software, Scott Forstall, was interested in the idea, say people familiar with the matter, and engineers on his team began to brainstorm a comprehensive “wallet app.”

Regardless of whether or not Apple becomes a bank, I’m all for NFC and iWallet.

The less stuff in my pockets, the better. LOL

About the Author:

I am interested in all the different technologies in this world. I love all the new Apple technology out there. In my free time, I write about all the new tech news out there and I love to play tennis, soccer and swim! I own a Macbook Air, 2 iPhone 4′s, iPad 2, and a lovely iPhone 5! And have you heard about the new iPad Mini, I am also getting that too! I am also a photographer! I love taking photos about nature and a lot more!! I always keep my two iPhone’s handy with me and my laptop no matter what! I haven’t really showed my pictures to anyone but when I do, everyone will be amazed!! :)

Sachit Sharma – who has written posts on Zamkato.


Email

Author: Sachit Sharma

I am interested in all the different technologies in this world. I love all the new Apple technology out there. In my free time, I write about all the new tech news out there and I love to play tennis, soccer and swim! I own a Macbook Air, 2 iPhone 4′s, iPad 2, and a lovely iPhone 5! And have you heard about the new iPad Mini, I am also getting that too! I am also a photographer! I love taking photos about nature and a lot more!! I always keep my two iPhone’s handy with me and my laptop no matter what! I haven’t really showed my pictures to anyone but when I do, everyone will be amazed!! :)

Share This Post On
Custom Search