Apple or open fingerprint authentication

According to the U.S. technology blog Re / code, Apple did not announce at a recent WWDC conference about how the iPhone will be able to facilitate payments in physical stores and other applications in the future. (This is probably because those plans are still unfinished.) But it comes with an appetizer - the latest news on how Touch ID fingerprinting technology will work in the future.

To date, iPhone users can only do a few things with the fingerprint technology: unlock your phone, buy apps and digital goods through iTunes and the App Store. This situation will change soon.

As part of Apple's move to iOS8, iOS app developers will be able to let their users sign in to their app using iPhone's fingerprint recognition without having to type in their username and password.

Hypothetical example: When you open a banking application, it usually asks you to enter a password, and in the future, you may be able to log in by pressing your thumb on the home key without entering a username and password. At least in theory, fingerprinting should be faster and perhaps more secure, depending on your password strength.

At the same time, the Touch ID API (Application Program Interface) seems to have not been able to make mobile payments easy yet. For example, Apple did not say that shopping apps would allow consumers to pay with fingerprints instead of using traditional payment information such as credit card numbers.

However, many payment industry professionals expect Touch ID will eventually allow you to use the iPhone to pay for shopping outside the App Store, such as partners in the application, or even co-retailers in the store. Ultimately, the fingerprint identification technology is expected to help make the digital wallet application more user-friendly and more conducive to winning the battle to replace the physical wallet.

"The current case of mobile wallet use is much more cumbersome than the traditional way of taking a bank card from a physical wallet, so cell phone wallets are still hard to come by (download the app and add a bank card; then at the merchant: remove the phone and unlock the phone , Open the wallet application, select the payment type, confirm the payment in the wallet application, and then pay ...). "Derek Webster, CardFlight CEO, wrote in an email," I'd like to quote Touch ID to Eliminating some of these steps makes mobile wallet a better use case than the current card-draw mode. "

Within third-party apps, you can come up with several scenarios where your fingerprints will help you pay for it. For example, an Apple or a credit card that allows you to directly log in to your iTunes or App Store in the past allows you to verify your payment with the retailer's app. In another case, Apple could allow payment companies such as PayPal to allow users to log in to their PayPal account using third-party shopping applications and pay with PayPal.

But the way to go is still long. Apple is still hiring payment executives to push its payment strategy, and it's unclear what kind of use case it will pay.

Opening the Touch ID Fingerprint Verification Service to its third party is clearly the first step in that direction - albeit a small one.

Translator: Le Bang

Original link: http://recode.net/2014/06/03/what-apples-fingerprint-id-changes-mean-for-its-big-mobile-payments-plans/

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