Biometric-based identity authentication is integral to modern-day technologies. From smart phones, personal computers, and tablets to security checkpoints, they all utilize a form of identity check based on methods such as face recognition and fingerprint-verification. Photoplethysmography (PPG) is another form of biometric-based authentication that has recently been gaining momentum, because it is effective and easy to implement. This paper considers a cloud-based system model for PPG-authentication, where the PPG signals of various individuals are collected with distributed sensors and communicated to the cloud for authentication. Such a model incursarge signal traffic, especially in crowded places such as airport security checkpoints. This motivates the need for a compression–decompression scheme (or a Codec for short). The Codec is required to reduce the data traffic by compressing each PPG signal before it is communicated, i.e., encoding the signal right after it comes off the sensor and before it is sent to the cloud to be reconstructed (i.e., decoded). Therefore, the Codec has two system requirements to meet: (i) produce high-fidelity signal reconstruction; and (ii) have a computationallyightweight encoder. Both requirements are met by the Codec proposed in this paper, which is designed using truncated singular value decomposition (T-SVD). The proposed Codec is developed and tested using a publicly available dataset of PPG signals collected from multiple individuals, namely the CapnoBase dataset. It is shown to achieve a 95% compression ratio and a 99% coefficient of determination. This means that the Codec is capable of delivering on the first requirement, high-fidelity reconstruction, while producing highly compressed signals. Those compressed signals do not require heavy computations to be produced as well. An implementation on a single-board computer is attempted for the encoder, showing that the encoder can average 300 milliseconds per signal on a Raspberry Pi 3. This is enough time to encode a PPG signal prior to transmission to the cloud.