September 14, 2013
I cant emphasize enough how Apple’s iphone 5s touch ID is important for the security industry in general and payments in particular.
Late in 2011 and early in 2012, the Company discussed new technology with several leading consumer electronics companies to gauge potential market interest for such a product. For a number of reasons, including cost, Apple was the only potential customer that expressed substantive interest in pursuing further development of and a commercial agreement with respect to this technology. - AuthenTec, 2012
Yes, you read that correctly, every company that had even a parting interest in fingerprint scanners, passed on working with AuthenTec in a meaningful way, even Google. This statement was part of a filing to the US Security And Exchange Commission.
When all companies missed the trick, Apple acquired Authentec in 2012 and the best brains in business saw a bigger vision behind this acquisition which has led to multiple inventions and patents since then. Let me tell you how all this started and about the man behind this dream. You guessed it right, ‘Steve Jobs.’
Steve Jobs hated logins and passwords, and he was going to do something about it. It was the late winter of 2007 and while many of us were just starting to get used to the iPhone and all the ways it was changing the world, Steve Jobs was already planning a completely new paradigm for a future iPhone release. Although Steve loved the Slide To Unlock feature he knew that the steps involved and the time it took to unlock the screen when ...