Is Apple planning payments using fingerprint recognition?

A STRATEGIC MOVE: A man talking on a phone in front of an Apple logo outside a store in Shanghai. According to a newspaper report, the company is planning a significant step towards mobile payments and virtual wallets by signing a deal with Microlatch, an Australian bio-security company. - Reuters

Apple has reportedly signed a deal with Microlatch, an Australian bio-security company, signalling that it is about to take a significant step towards mobile payments and virtual wallets.

The story, which first appeared in The Australian on Oct 3, credits its source as David Murray, the company’s lead investor. He claims that the firm has reached an agreement with Apple to develop fingerprint-based identification technology.