I am a developer for Apple, and I can tell you that third party companies have zero access to the data. This would be SO HANDY just for banking software, rather than having to enter my current massive alphanumeric passwords laced with symbols.
Oddly enough, with as much as I have been fingerprinted, I couldn't care less about the data being stored on the phone. It's locked away in a separate memory partition that's only accessible by the TouchID software.
I just wish that they would open it up to specific entities who can certify a specific level of security. Like my bank...


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