Yapital to begin testing fingerprint ID to replace PIN codes on mobile devices

Cross-channel payment platform Yapital is developing a new solution to utilize fingerprint ID scanning for order approval on mobile devices.

The process of filling in payment details constantly on mobile devices has proven to be a daunting task for consumers and is shown to have been a major reason for the lack of mass adoption when it comes to mobile Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. PIN code solutions have been introduced, while proving to be a fast and secure authentication process; it creates another password for customers to remember.

This past year saw top smartphone manufactures such as Apple, Samsung and HTC beginning to incorporate fingerprint ID sensors on select devices. With the news of Apple opening up the ID sensor located on the iPhone’s home button to developers with its iOS 8 update, more companies are looking for ways to incorporate the feature into their own services.

Yapital, in an intention to replace the use of PIN codes to verify mobile orders, is testing integration of fingerprint ID into its mobile solution. No word yet on what devices Yapital is testing. With fingerprint scanners coming up on a multitude of devices, our best guess is offering fingerprint authorization across all platforms which utilize such a sensor.

“Yapital seeks to rapidly harness new technical possibilities, if they actually improve user experience. As the major smartphone manufacturers are now integrating fingerprint scanning into their products, we have immediately launched appropriate tests. It [the solution] must be easy, intuitive and secure for the consumer – only then we will implement it,” said Oliver Kress, Senior Vice President Innovations at Yapital in an official press release.

While currently only a small number of devices actually have a biometric fingerprint scanner, Yapital along with other firms such as PayPal and Nok Nok Labs are betting on the fact it might very well soon be a new standard in mobile devices and Mcommerce in general.