Worldline has announced a strategic partnership with PayEye to develop cashless payment systems using biometric identification. The collaborative payment solution aims to enhance security measures and minimize the risk of fraud and unauthorized transactions by using biometric technology.
PayEye has developed a biometric eyePOS payment terminal, which enables users to complete transactions with a “single glance.” By utilizing a combination of iris and facial biometrics, this payment system offers a secure and user-friendly payment experience, the company says.
The operation of the payment terminal involves real time generation of a unique code based on the user’s biometric data, which is then cross-referenced with the user’s original biometric template stored in the database. Customers can register for the PayEye Global application and link their payment card.
The eyePOS 3 terminal, which received its Payment Card Industry (PCI) certification last year, supports a wide range of payment methods, including NFC technology, QR codes, and traditional payment cards. The payment terminal features a 5.5-inch screen and runs on the Android 11 operating system, the company says.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
