June 6, 2013 -
Diamond Fortress Technologies has launched an indiegogo campaign to fund the development of two apps allowing consumers to instantly and securely conduct all their online transactions without passwords.
The campaign will support the development and rollout of WALit, a mobile wallet app and WALlock, a device unlock app, both based on DFT’s innerID technology, which uses a smartphone’s camera to capture and identify a user’s unique fingerprint.
According to the company, WALit enables instantaneous checkout for online purchases with fingerprint biometric security to protect a user’s credit card and personal information. WALlock uses innerID in a device-unlock app to prevent unauthorized access to the user’s mobile device.
“If you’ve ever had to maintain multiple passwords for multiple secure sites or fumble for the right password to complete a transaction, you’ll begin to appreciate the game-changing convenience of our innerID technology,” Chace Hatcher, CEO of Diamond Fortress Technologies said. “The apps we’re looking to fund through indiegogo allow any consumer with a smart phone to securely access all their online accounts — with just a swipe of their finger. Over and above the convenience, account(s) can no longer be compromised by a single ‘discovered’ password. Going the indiegogo route has the added benefit of acquainting consumers, investors, potential technology partners and e-commerce vendors with a whole new way of conducting online transactions — whether it’s an online purchase or securely accessing personal (and company) data.”
Reported previously, Diamond Fortress has also recently joined the Fido Alliance.