Precise Biometrics jumps after Apple approves Tactivo mobile smart card and fingerprint reader

“Precise Biometrics AB (PREC), a Swedish fingerprint log-in technology provider, rose the most in more than a week after its mobile reader won approval for use on Apple Inc. (AAPL)’s latest iPad,” Adam Ewing reports for Bloomberg. “Precise Biometrics jumped as much as 15 percent to 1.73 kronor, the highest price since April 23, and was 12 percent higher at 1.69 kronor at 9:22 a.m. in Stockholm.”

Ewing reports, “The approval of its mobile smart card and fingerprint reader Tactivo by Apple allows government agencies and companies to keep a high level of authentication and security when employees access sensitive information, the company said in a statement today. Chief Executive Officer Thomas Marschall said Apple’s approval will help Tactivo’s global sales.”

Read more in the full article here.


    1. @Cinerama – “Wow, they need all the help they can get. 1 Swedish Krona is 15 US Cents.”

      I notice that the dime is down to 10¢.  Let’s hope the Fed is keeping an eye on these disturbing trends!

  1. …its mobile reader won approval for use on Apple Inc. (AAPL)’s latest iPad

    So Apple buys AuthenTec for $356 million, then contracts with another company for their fingerprint reader. HUH?!

    [AuthenTec] The Melbourne, Florida-based company makes fingerprint sensors and identity management software for PCs, tablets, smartphones, printers, network servers and other such devices

    So was AuthenTec a blunder-buy? Or are two technologies being wed together?

    In any case, fingerprint reading is NOT a useful single-factor security authentication solution as it’s easy to rip off someone’s fingerprints. It’s only useful in multi-factor authentication. Let’s hope that’s Apple’s intention.

      1. It’s easier than that.

        Casual lunch, drinking glass, toss it into your pocket, dust and scan the fingerprints, 3D print them onto a surface, off you go to break into the top government security spaghetti bomb lab, trigger the bomb, the nation is buried in spaghetti, the Chinese have a casual lunch, of us.

    1. You said:
      “…only useful in multi-factor authentication”

      From the article linked to be MDN:
      Precise Biometrics manufactures fingerprint security solutions for identity cards and credit cards that are only stored on the card and not in a data base

      Perhaps it is the combination of the fingerprint data stored on and read from cards that is the key thing here, maybe for some government requirements and complimentary to the AuthenTec technology – any thoughts?

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