It's hardly a secret that MasterCard is hot on wearables; the company's been talking about it for years and has even published an API to let programmers access its tokenization and payment systems. But earlier this week, MasterCard started to get very specific, showing wireless payment systems in Nymi authentication wristbands, Ringly jewelry, TrackR device locators, and GM car … [Read more...]
Nymi Completes First Commercial Transaction Using Heartbeat ID
We've written before about Nymi, which makes a wristband that uses your unique heart pattern to authenticate your identity. For the first time, Nymi has been used to make a credit card payment. The payment was made on July 10 as part of a pilot project with TD Bank and MasterCard in Toronto, Ottawa, and Regina (that's in Saskatchewan -- north of North Dakota and Montana). In … [Read more...]
Bionym, Maker of Nymi, Closes $14 Million Series A Funding Round
Bionym, makers the Nymi identity band, says it's closed a $14 million Series A funding round, including money from Mastercard and Salesforce. The Nymi, slated to ship this fall, is a wristband that can confirm a wearer's identity by sensing their electrocardiogram. Bionym expects the Nymi to have particular applications related to passwords and financial transactions. The … [Read more...]
Salesforce Brings Wearables Into the Enterprise with Salesforce Wear
We've long believed that the most exciting thing about wearables isn't the Quantified Self movement as much as it is how wearables can change the relationship between people and entities. (It's much the same as early personal computers: standalone computer were much less interesting than computers connected to the Internet.) Salesforce -- the world's top CRM platform -- … [Read more...]