According to a report in The Australian, Apple “has struck an agreement with an Australian biosecurity start-up in another sign the company is readying its iPhone line for the mobile payment era.”
MicroLatch investor David Murray told The Australian that the company’s technology “meets banking security standards without the need for central processing or storage”, creating a “self-registering” process.
Integration of Near-Field Communication (NFC) was highly rumoured in the lead up to Apple’s iPhone 5 launch, however the company’s latest smartphone did not include the feature – possibly because of security reasons.
Meanwhile, rival company Samsung has incorporated NFC technology in its current Android smartphone, the Galaxy SIII.
The MicroLatch deal is the second Apple investment in the security industry in 2012 after acquiring US-based AuthenTec in July. AuthenTec specialises in security systems including fingerprint scanners and has become a subsidiary of Apple.