Apple to team up with biometric security firm Microlatch

According to a story first published in The Australian newspaper, Apple is working with Australian biosecurity firm Microlatch on a new suite of products that will secure mobile payment using near field communication.

Microlatch considers itself a leader in the design, development and manufacture of cost-effective biometrics security within a stand-alone, self-contained device that requires no external configuration.

Microlatch’s patented technology has been adapted to automotive controls, smartphone and tablets, PC networks, building access and corporate attendance applications. The technology also meets rigorous banking security standards.

Details of the rumored agreement remain undisclosed, but Apple has recently demonstrated interested in the potential of secure mobile payment systems and biometrics. As reported this summer in BiometricUpdate.com, Apple entered into an agreement to purchase AuthenTec Inc. for approximately US$356 million in order to obtain access to many foundational technology patents for fingerprint biometrics, along with a broad patent portfolio consisting of 200 issued and filed patents in the United States.

Despite the fact that Apple did not integrate near field communication or fingerprint scanners in the recently released iPhone 5, it is expected that technology will be eventually integrated, as AuthenTec recently stopped selling fingerprint technology to Apple competitors.

Article Topics

Apple  |  banking  |  biometrics  |  financial services  |  fingerprint scanner  |  mobile payment  |  Near Field Communications