Tag: bionym

Wearable devices could be the future of mobile payments

Stephanie Beck
Bionym nymi wearable technology mobile payments heartbeat

Wearable technology is beginning to find traction in the mobile commerce space Wearable technology is gaining more attention, especially in the mobile commerce space. As new devices become more available, consumers are likely to use these devices for everyday commerce. While there are very few wearable devices currently available on the market, these devices are likely to become more common within the next five years, and these devices could be equipped with mobile payment technology that makes them more attractive to consumers. Royal Bank of Canada teams with Bionym to…

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Mobile payments test to begin by RBC and MasterCard with heartbeat security

Jesse Collins
Bionym nymi wearable technology mobile payments heartbeat

These giants are trying out identity verification through the use of Bionym wearable technology. The Royal Bank of Canada and MasterCard Inc. are working together with a Canadian startup called Bionym, which has created a wearable technology device called Nymi, and that will now be used in a pilot program to add security to the mobile payments service. The Nymi wearables are a wristband designed to verify the user’s identity through his or her heartbeat. The goal is to be able to use an individual’s cardiac rhythm instead of passwords,…

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Wearable technology for authentication ships from Bionym

Sam Lambert
R codes unlock cell phone wearable technology

This device is now being made available to developers in order to be able to produce a world’s first. Bionym is currently working on the first form of wearable technology in the world that is designed specifically for authentication and has announced that the Nymi Band is now being manufactured. These new wearables are designed to use heart rhythms in order to confirm the wearer’s identity. Bionym Inc., a company that is based in Toronto, Canada, is working on the first wearable technology based authentication device that will allow an…

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