TechCrunch – 1/6/15: Square Cash, Square’s Venmo competitor that lets you use the app to transfer money to other people, has added a new feature to its iOS app that some might say is long overdue: users can now authenticate money transfers using the Touch ID feature in later versions of the iPhone (5S and up), and pay no fees when sending that cash. The feature is now live in thelatest update to the app. Apple has been making a lot of use of the Touch ID feature as a security authentication layer on its phone for things like unlocking the device, authenticating app payments and so on, but this is the first time that Square has integrated Touch ID into one of its apps. That’s not to say Square is a trailblazer in a bigger sense; it’s playing catch-up somewhat: Venmo launched Touch ID security authentication in November last year.
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