Tag - MicroLatch
Apple has signed a deal with an Australian company, MicroLatch, to work on fingerprint recognition technology, The Australian reports. The information comes by way of David Murray, formerly the head of the Commonwealth Bank and now a major MicroLatch investor. He claims that the help Apple wants is explicitly related to mobile payments using NFC (near-field communications). MicroLatch has patented fingerprint technology said to meet banking security standards without the need for central processing, something Murray calls a "self-registering" system.