Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Best Credit Card Welcome Offers of December 2019 Dec 3rd
The holiday season is upon us and the shopping has already begun. You may be making multiple trips to the store or cashing in on some cyber deals, but do you have a credit card that is rewarding you for your spending? Now may be the best time to benefit from a great credit card welcome offer, espec.... More »
5 winter home sales tips Nov 21st
(Getty Images/Ryan McVay)
Selling your home in the winter is less than ideal. Historically, the winter months show the biggest month-to-month and year-over-year price drops. That’s because there are fewer buyers willing to brave the elements and it’s harder to showcase your home’s curb appeal..... More »
Is now the time for retirees to sell stocks and buy GICs? Mar 4th
My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
Are GICs a good.... More »
A New Year Rate Hike + MORE Jan 8th
It has been a busy start to the new year – mortgage rates are up, stock markets are down, and that holiday credit card bill is looming. Is your wallet feeling the pressure yet? Start your year off with our top tips for paying holiday debt off fast, and catch up on this week’s breaking mortg.... More »
The best GIC rates in Canada for 2024 Aug 26th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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The Nymi Band: Would You Use Heartbeat Banking ?
– ratesupermarket.ca
It seems a security tech arms race is afoot in the banking sector.
While mobile banking has been going mainstream – 31 per cent of Canadians reported using mobile banking last year, up from five per cent in 2010 according to the Canadian Bankers Association – future trends point towards even more secure banking measures that recognize you (that’s right, you specifically dear reader) and your unique biological characteristics.
Bionic banking is here.
The Biometric Banking Experience
There have been previous forays into biometrics like Scotiabank subsidiary Tangerine’s announcement to add voice and fingerprint recognition to mobile banking, but the recent development from Toronto-based wearable startup Bionym ups the ante with heartbeat credit card authentication for RBC and MasterCard.
At the centre of the scheme is the Nymi Band, a watch-like device that measures a person’s heart rate and links their unique cardiac rhythm to their identity. Much like using a fingerprint, the tech offers a higher degree of certainty letting them use their cards without entering passcodes, provided they’re wearing the device…
