At Apple’s Worldwide Developer’s Conference yesterday, the tech giant made an announcement that will have a large potential impact on financial services companies. It will enable third party developers to use its Touch ID fingerprint recognition scanner.
At the conference, Apple SVP Craig Federighi showed the iPhone login screen of Finovate alum, Mint.com, to illustrate a potential use case of Touch ID’s open API.
CardFlight, a mobile POS solutions company, will be another one of the first to take advantage of Touch ID once Apple releases iOS 8 this fall. New York-based CardFlight plans to incorporate the biometric authentication technology into its SwipeSimple product.
With SwipeSimple, merchant service providers can give their small business customers a mobile payments solution that combines a payment dongle that can be plugged into iOS and Android devices. This, combined with a payment gateway and backend merchant analytics software, serves up a robust, end-to-end payments solution. Touch ID will offer merchants an alternative method of signing in to their mobile payment app using their typical username and password.
Check out the demo video of CardFlight’s debut at FinovateSpring 2013 here.
Interested in learning more about CardFlight’s back end system? Come see them at FinDEVr this Fall.