mPOS player Square has announced that Square Cash, a service which enables users to make fund transfers, has incorporated the Touch ID feature in later versions of the iPhone so that users can now authenticate money transfers with their fingerprints.
Square founder Jack Dorsey
Square founder Jack Dorsey is an enthusiastic proponent of biometric authentication, having previously stated that Touch ID would help to store sensitive information on devices, and that it would also be a useful way to improve Square apps.
When Touch ID was launched in 2013, Dorsey was quoted as saying: “It’s not necessarily better security. But it’s just more human and more natural and more organic. So for us it means that people are protecting their phone in better ways.”
In relation to mobile payments, Square is hoping that adding Touch ID to its Cash service will help to increase uptake, given that fund transfer services are some of the more popular apps used on smartphones.
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