Alternative Finances

Apple: Touch ID One Step Closer To Fruition

Cardflight, a provider of mobile POS technology, announced this week that it will incorporate Apple’s Touch ID technology into its SwipeSimple mobile payments application. According to a Cardflight statement, following Apple’s release of iOS 8, merchants will be able to login to the SwipeSimple application by using their fingerprint and Apple’s Touch ID technology.

The SwipeSimple technology includes native smartphone and tablet applications that allows merchants to accept credit card payments via their mobile devices.

Cardflight founder and CEO Derek Webster said in a statement that “[t]he proliferation of tablets and smartphones is rapidly changing the payments industry,” and that his company was proud to be “at the forefront of that shift in bringing new and innovative mobile payment technologies to market.”

Earlier this week, Apple’s annual World Wide Developer’s Conference (WWDC) began, and the technology firm briefly discussed the potential for mobile payments and Apple’s involvement.

Apple exec Craig Federighi mentioned that his company would open access to TouchID to third-party developers.

Additionally, in an update to its App Store review guidelines, Apple stated that it will let software developers include virtual-currency transactions in their applications, which could pave the way for new forms of money to appear on iPhones and iPads.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

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