Among the technologies Apple now owns is a type of fingerprint scanner designed for mobile products with Near Field Communication (NFC) built in. AuthenTec’s AES2750 product is a fingerprint scanner that can interact with NFC applications to offer a secure way to log in to various systems.
AuthenTec says the technology can lock and unlock a phone, authorise mobile banking transactions and replace website user names and passwords, all with a fingerprint scan.
SEC filing fans rumors of mobile wallet for iPhone 5 (COMPUTERWORLD)
But how quickly these elements are introduced depends on Apple’s long-range plans for iPhone, and iPad, as well as the maturing of the mobile payments industry infrastructure, a big jump in consumer acceptance and — most of all — trust in the new technology, and how quickly Apple can phase these particular technologies into its supply chain and manufacturing processes.
The fingerprint sensor, many speculate, will be a key part of a full-fledged mobile “digital wallet” using a near-field communication (NFC) radio link to trigger purchases by simply waving the handset over an NFC reader. AuthenTec, an established vendor of a range of smart sensors, identity management (including PC/laptop fingerprint sensors), and embedded security products, announced the deal on July 27. At $365 million, it’s Apple’s biggest buy.
It’s worth pointing out that Josh Franklin at Seeking Alpha predicted the broad outlines of this whole thing a couple of months ago.