Tag: royal bank of canada

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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RBC releases new mobile commerce platform

Stephen Vagus
Royal bank of Canada (RBC) mobile commerce platform

RBC Wallet officially launched in Canada The Royal Bank of Canada has released its first mobile commerce platform, called the RBC Wallet. The platform is powered by the bank’s Secure Cloud, which is used to store customer financial information. The bank claims that its mobile wallet is the first of its kind in Canada, allowing consumers to choose either their debit RBC account or a Visa credit account to make payments. Currently, the RBC Wallet is only available for Android devices. RBC Wallet leverages NFC technology in order to facilitate…

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NFC technology has lost its charm for RBC

Julie Campbell
Royal bank of Canada (RBC) mobile commerce platform

The Canadian bank is already looking to introduce cloud based transactions within the country. Though RBC and CIBC – two of the major Canadian banks – have already rolled out mobile payments services based on NFC technology, it seems that this trend may not have caught on fast enough for Royal Bank’s taste. Though the tech has barely had the opportunity to get off the ground, the bank is already moving on to something else. RBC has made an announcement that suggests that NFC technology may already be on its…

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