Yapital, a payment technology company based in Luxembourg, is testing a feature that will allow consumers to authorize payments with their fingerprints.
The technology is aimed replacing PINs that consumers use to authorize purchases though the Yapital app. Apple and Samsung both make smartphones with built-in fingerprint readers, though Apple only recently opened its TouchID authentication system to developers.
"As the major smartphone manufacturers are now integrating fingerprint scanning into their products, we have immediately launched appropriate tests," says Oliver Kress, a senior vice president at Yapital, in a July 3 press release.
Yapital, which is focused on German-speaking markets, has recently sought out partnerships with banks in Europe for its mobile app. The company's software allows customers to authorize payments by entering a PIN or scanning a QR code. It also uses Bluetooth Low Energy for proximity payments.