Smile and palm wave authentication improves consumer experience and satisfaction with merchants
Verifone, the global payments leader for the world’s best-known enterprise merchants, financial institutions, fintechs and small merchants, and PopID, the leader in biometric software, announced a global partnership to launch biometric solutions that enable payments and loyalty transactions to be completed in a fast and secure manner, simply with a smile or a palm wave.
Fintech News: Get Ahead of Fraudsters: Learn About ThreatMark’s Latest Milestone
Verifone and PopID have partnered to create biometric modules comprised of biometric sensors and software to enable existing Verifone or third-party payment terminals to accept face and palm authentication. Verifone will also embed biometric modules in Verifone Victa, its newest portfolio of payment terminals.
Verifone is building an open and interoperable biometric payments solution to enable consumer platforms, digital wallets, merchants, acquirers, networks and issuers to seamlessly process biometric-authenticated commerce transactions using the industry’s existing payments infrastructure.
Verifone’s solution will leverage its vast array of existing global assets: 45M devices (15M of which run 200 proprietary payment applications managed by Verifone’s cloud-based device management platform); integrations with 2,500 ECRs/POSs; 150+ payment processors, and acceptance of 40+ global, local, and alternate payment methods.
Fintech News: Nelson Chai Named Executive Chair of DailyPay
“With millions of new and existing payment devices in the United States and globally, Verifone is key to driving global acceptance of biometric transactions,” said John Miller, CEO of PopID. “Verifone’s decision to enter and lead the biometrics identity and payments race represents an important milestone in the growth and continued usage of biometrics.”
Fintech News: Get Ahead of Fraudsters: Learn About ThreatMark’s Latest Milestone
“We believe that widespread acceptance of biometric loyalty and payments provides profound benefits to consumers, merchants and issuers,” said Himanshu Patel, CEO of Verifone. “Consumers will enjoy faster, more secure checkout and seamless access to loyalty programs. Merchants benefit from increased speed, security, customer satisfaction and retention. Our joint biometrics solution with PopID exemplifies Verifone’s commitment to reducing complexities in commerce while improving consumer experiences at physical or digital points of sale.”
Source: Businesswire
To share your insights with the FinTech Newsroom, please write to us at news@intentamplify.com
