Nymi™, in collaboration with TD Bank Group (TD) and MasterCard®, announced the completion of the world's first biometrically authenticated, wearable credit card payment using one's heartbeat.
Over 100 TD users in Toronto, Ottawa and Regina will be testing the Nymi Band's contactless payment functionality until the end of the summer, as part of this closed payment pilot. The Nymi Band is a secure and continuous wearable authenticator that identifies a user based on their unique heartbeat (or electrocardiogram) through proprietary Nymi technology called HeartID™. Nymi has developed an NFC-enabled prototype of the Nymi Band for these pilots, which is linked to a user's MasterCard. In doing so, participants can utilize the Nymi Band to make secure, contactless payments using Tap & Go™ payment terminals found at many retailers.