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In The News

In The News

March 6 - Biometric Wearable Called The Future of Payment

Article: Technology For A Global Monetary System

Yesterday during Mobile World Congress in Barcelona, Spain, Jeremy Borntein, head of payments innovation at Royal Bank of Canada, took the stage during a panel titled �Navigating The Mobile Contactless Payments Landscape� and proclaimed that biometric wearables are the future of mCommerce.

�This one pictured is Nymi,� said Bornstein, showing a slide of the Nymi wristband, �a Toronto based company that�s created a biometric device that uses your heart to validate the individual. This is interesting for us because we�ve always talked about card present transactions so we know if the card is there when the transaction�s happening. This is the first device that we believe that actually guarantees cardholder presence.�

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