Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard Inc (MA.N) and Royal Bank of Canada (RY.TO) to test whether the beat of your heart is true enough to verify payments. The trial will allow Royal Bank (RBC), Canada's largest bank, Mastercard and customers using the technology to test electrocardiogram-authenticated payments before the end of the year, Bionym said in a statement on Monday. "We're continuing to work to provide customers increased choice how they pay," RBC head of payment innovation Jeremy Bornstein said in a statement. The new technology comes at a time when large retailers across North America have been grappling with data breaches and the theft of account numbers and other information from payment cards used by customers.
via Business News http://ift.tt/1DSJt27
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