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.”
