B-Secur raises $4.6M in funding for ECG biometric authentication technology

B-Secur has raised £3.5 million (US$4.6 million) in an early-stage funding from a syndicate of UK and Ireland’s investors, to further develop its ECG biometric technology which leverages an individual’s heartbeat pattern to securely authenticate identity. As an internal biometric, ECG authentication can reduce hacking or spoofing risks for greater security and convenience. The technology has the potential to move beyond first-generation modalities of fingerprint, iris or voice. B-Secur is currently working in the UK, Ireland and US to serve

Korea Internet & Security Agency developing biometric authentication for mobile banking

South Korean government-run Korea Internet & Security Agency is developing biometric authentication for mobile banking with plans to commercialize the technology by late 2018, according to a report by The Korean Herald. “We are developing an algorithm for authenticating mobile banking with a combination of a fingerprint, heart rate and (an) electrocardiogram,” said Jason Kim, chief of KISA’s security technology dissemination team. “The technology is expected to be much safer than existing biometrics including iris sensors, fingerprint scanners and facial

B-Secur named one of Gartner’s global Cool Vendors for 2016

Belfast-based biometrics company B-Secur announced that it has been named one of Gartner’s global Cool Vendors for 2016. The firm’s biometric technology uses an individual’s heart beat (ECG) for security authentication. In a recent Gartner report, B-Secur was highlighted alongside three other disruptive technologies which it considers as “Cool Vendors” – the ones to watch – in terms of interesting innovation in human-machine interface. The research and advisory company stated that “B-Secur’s technology is cool because it leverages something that

Nymi collaborates with NXP to enable access control and contactless payments with Nymi Band

Toronto based authentication solution firm Nymi collaborated with NXP Semiconductors at this past week’s RSA Conference to demo physical access, logical access and contactless payment capabilities of the Nymi Band. The Nymi Band is a wearable device that delivers secure, persistent authentication using HeartID, proprietary technology that leverages the wearer’s unique cardiac signature (or ECG) as a biometric identifier. NXP provides Nymi with the Nymi Band’s secure element and NFC components that enables physical and logical access and payment functionality

MasterCard study and pilot show consumers are embracing digital payments, biometrics

MasterCard and PRIME Research revealed the results of the fourth annual MasterCard Mobile Payments Study, which found that consumers are increasingly embracing digital payments options including biometrics. The study found a total of 2 million global social media posts addressing mobile payments across Twitter, Facebook, Instagram, Forums, Google+ and YouTube, reflecting a significant increase from the previous 85,000 posts reported in 2012. In addition to this increased interest, the study found that for the third year in a row there

Biometrics for government & law enforcement: Q&A with Andrew T. Hildebrand and James Loudermilk

Technological advances in mobile and multimodal analysis — including complex areas like video analytics, facial imagery, Rapid DNA and balistocardiographic identity — are advancing and refining biometrics to more effectively meet the needs of law enforcement and national security agencies. Government and industry experts will attend the 10th annual Biometrics for Government & Law Enforcement, held January 25-27, 2016, to discuss these issues and the development of the next generation of analytics-based biometrics. This year’s conference will feature a Technical

Nymi Band completes first heartbeat-authenticated payment with a wearable device

The Nymi Band, a wearable authentication device that uses electrocardiogram technology, has been used to make the world’s first credit card payment at a cash register verified by the user’s unique heartbeat. The Nymi Band is worn on the wrist and features two ECG sensors that capture an individual’s ECG wave shape using Nymi’s proprietary algorithms called HeartID. To authenticate, it connects with a companion device like a smartphone or PC. The first credit card payment using Nymi was made

Korean Internet & Security Agency developing standards for ’next-generation’ biometrics

The Korea Internet & Security Agency announced that it has established a research committee designed to standardize next-generation biometrics technology using bio-signals such as brain waves and heart beats, according to a report by Who Wired Korea. The research committee for biometrics technology standardization is comprised of university hospitals and industry leaders, as well as telecommunications and biometrics companies. Starting next month, the group will begin implementation on standardization for smart convergence security services. The group will combine its research

Nymi to test biometric wristband at UK-based Halifax bank

Following its first successful trial with Royal Bank, Canadian biometric technology firm Nymi is set to undergo trials at the UK’s Halifax bank, according to a report by WT Vox. Currently in its proof-of-concept phase, Halifax’s system monitors a user’s heartbeat via an electrocardiogram (ECG). Users are required to wear the Nymi band on one wrist, and touch the wristband’s top sensor using their other hand. The wristband pairs with a smartphone via Bluetooth, as well as uses a companion

Bionym bolsters biometric bracelet with bitcoin wallet

Bionym’s wearable biometric authentication device – The Nymi — will launch with a Bitcoin wallet as one of its initial applications, the company announced Tuesday. As an emerging digital currency, Bitcoin functions on a peer-to-peer network of computing nodes. To participate in Bitcoin, a user must have a Bitcoin wallet, which contains a public and a private key. The public key allows anyone to deposit funds into the account. The private key allows the account owner to send funds out to