Canadian company Nymi has developed an authenticating wristband which uses a person’s unique electrocardiogram (ECG) reading. According to the company, the wristband allows wearers to “seamlessly unlock devices, remember passwords and more”.
Nymi first discussed using their wristband technology as a payment authenticator last year and, following a successful trial, it now claims that the Nymi wristband can be used as an NFC mobile payments device.
The wristband uses HeartID™, Nymi’s proprietary authentication algorithm which uses the wearer’s electrocardiogram (ECG) as a secure biometric identifier, remaining active until the wristband is removed from the wearer’s wrist.
Nymi partnered with TD Bank Group and MasterCard for the trial and there are more than 100 users in Toronto, Ottawa and Regina, many being TD bank employees, who are currently testing the Nymi Band’s contactless payment functionality as part of the closed pilot program.
To find out more about the Nymi wristband and its current trial status, visit their website www.nymi.com.
Watch the Nymi video:
All imagery courtesy of Nymi.