It seems the latest Apple phone is going to welcome a whole new level of mobile security. An executive at PayPal has confirmed this news saying that passwords are slowly on the way out. The main reason for this might be their ubiquitous use. That is why the iPhone 5S/iPhone 6 is going to have much better security.
Rumor has it that a large provider of technology based in Cupertino, California is going to be releasing a phone sometime this year which will have an inbuilt fingerprint reader. It is also rumored that this feature is going to be coming out on many more phones soon as well.
But, will this alleged feature spell the end for passwords? The PayPal executive doesn’t seem to think so. He felt that this feature may have to wait for quite a while before it can become a trend. But, the wheels have started turning.
This statement regarding fingerprint systems isn’t new either. There have been many other rumors of it as well. Earlier Latinos Post did an article on it. Even a report in the China Times this March had mention of this feature. The report said that there was a chip producing firm in Taiwan that claimed Apple was hard at work on a fingerprint sensor. They also claimed that this new feature was going to work in cohesion with another handy feature, NFC.
The main purpose of this sensor would obviously be to provide better security to users even while they were making transactions.
NFC was rumored to help Apple with the iOS 6 passbook which was their answer to the Google Wallet. This feature allows for secure transactions through your mobile phone. NFC has already been credited for the additional security it provides on devices such as the Galaxy Nexus and the Galaxy S3.