Xoom Gets Bump From Adding Fingerprint ID Technology

Xoom Corp XOOM shares posted modest gains Thursday after the company said its mobile money transfers application will incorporate fingerprint identification technology from Apple Inc. AAPL.

The digital money transfer provider closed at $15.96, up 2.84 percent.

Xoom said the technology will be available via Apple's iPhone 5s, 6 and 6 Plus.

As of September 30, 55 percent of Xoom's active customers have transacted at least once via a mobile device during the last 12 months as compared to 42 percent a year earlier.

Xoom shares are down more than 10 percent since it unveiled a $30.8 million fourth-quarter charge to cover criminal fraud involving employee impersonation and fraudulent requests targeting the company's finance department.

Customer accounts weren't targeted.

Xoom's Chief Financial Officer resigned at the time of the announcement (January 5) and the company authorized an independent investigation.

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