The Halifax bank is trying out a new heartbeat security technology that is designed to make your banking more secure.
Currently in the development stage, the technology would require users to register their heartbeat on a special wristband and then pair with your phone.
The wristband would communicate through Bluetooth with your phone so that you could access your banking app account. The idea is that the heartbeat would provide better security than using a thumbprint because that could possibly be copied.
While it is currently only in the development stage, questions will be asked about privacy with using the technology.
One of the main questions surely is whether customers really want to have to use their heartbeat’s signature to be able to access their banking apps.
The technology has been developed by Canadian firm, Bionym, who claim that: "In a world passwords and pin numbers, the Nymi Band will allow you to wirelessly prove that you are you to the world around you."
Halifax are not the first to consider this type of technology as the Royal Bank of Canada has also been trialling the tech.
The Bionym band called, Nymi, also has potential application use as a mobile payment system.
Kevin Dallas, Chief Marketing Officer, Worldpay eCommerce, said: "There’s no doubt biometrics is on the verge of a breakthrough but this might be a bit too ‘Minority Report’ for many people."
"Even if the technology isn’t widely adopted innovations like this show the rapid pace of change in biometrics and payment providers need to make sure that they are ready for this if they want to meet the demands of clients and consumers."
A downside of the device is that once taken off, the band wipes the data stored on it. While this makes it secure from theft, it may become inconvenient for people who want to take it off to clean.
With all these wearable devices, is there room on your wrist for a new security login application?
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