Today Apple announced plans to buy Authentec, Inc., a fingerprint sensor technology firm, for $356 million. This recent move may indicate future use of fingerprint authentication on the iPhone for mobile payments.
|Image courtesy of VentureBeat|
Experts claim that this technology gives users added peace of mind that passwords do not, and that fingerprint sensor capability on the next generation iPhone could help further differentiate Apple. Google currently offers mobile payments, but it is not commonly used due to security concerns.
Read more about the details here.