MicroLatch company is developing fingerprint recognition technology for Apple future devices. It was supposed to be in iPhone 5 however Apple felt that Passbook does that kind of things for customers however they don’t know if NFC is the best solution or not. Apple wants to see how Passbook goes and it should be most successful in the future.

David Murray is the lead investor of MicroLatch compa

ny since five years and also former head of the Commonwealth Bank. He told The Australian that they have an agreement with Apple for $356 million to develop it for future devices. For full detail, click the link below.

http://appleinsider.com/articles/12/10/03/rumor-apple-strikes-deal-with-australian-start-up-microlatch-for-fingerprint-security-tech