New Biometric Technology Verifies Identity Through Your Heartbeat

New Biometric Technology Verifies Identity Through Your Heartbeat

March 31, 2015         Written By Lynn Oldshue

Halifax is testing new biometric technology that would allow customers to verify their identity through their heartbeat. If successful, heartbeat ID verification could eliminate the need for signatures or PINs for credit and debit card transactions, which have proven to be vulnerable over time.

The theory behind this new technology is that each person has unique cardiac rhythms which act like fingerprints for the heart. No two rhythms are the same. A Canadian technology firm called Bionym developed the Nymi Band to measure these cardiac rhythms and convert them into data used to prove a person’s identity.

Scientists at Bionym said, “In a world of passwords and pin numbers, the Nymi Band will allow you to wirelessly prove that you are you to the world around you.”

The Nymi Band is paired with an app on a smartphone so customers can use the band to log into their mobile bankig accounts. The band can also be used to transmit data to ATM machines and potentially credit card readers if the technology picks up. While it may seem like a hassle to wear a bracelet just to verify your identity, it may be no different than wearing an ID at work or a wedding band around your ring finger. Over time, it will just become part of your look.

Cardiac signatures could be used for more than just credit card authorizations. They could also be used to start car engines or open bank vaults.

Halifax, a financial service provider in the UK, and Bionym are still in the early stages of the testing process, but this could be a positive step for identity protection.

The information contained within this article was accurate as of March 31, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Lynn Oldshue

Lynn Oldshue has written personal finance stories for for twelve years. She majored in public relations at Mississippi State University.
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