Biosecurity firm Microlatch is rumored to be in talks with Apple to introduce fingerprint technology on future products to secure mobile payment via near field communication (NFC).
The news was first reported by The Australian.
David Murray, former head of the Commonwealth Bank and lead investor of the Australian firm, told the publication Microlatch owns patented technology that meets rigorous banking security standards. According to Murray, the technology does not need central processing or storage, describing the biometric technology as "self-registering."
"There have been acquisitions that suggest that people are positioning themselves around these biosecurity products securing mobile phones in a far more satisfactory way for people," Murray commented, according to Apple Insider.
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