Warsaw, 24 JULY 2024 – Worldline (Euronext: WLN), a global leader in payment services, and PayEye, a provider of biometric technology for payment systems, have signed a strategic cooperation agreement. Its aim is to develop and launch innovative payment services based on biometric technology. It’s a vision of the future that starts today.
Payment authentication with a single glance
PayEye has developed the world’s first biometric eyepos payment terminal which enables payment authentication with a single glance. The technology is based on the world’s first fusion of iris and facial biometrics. During the first payment at the eyepos terminal, a unique code is generated in real-time based on the user’s biometric features. This code is compared with the original template, which is the user, during the payment process. To make payments with just a look, simply download the free PayEye Global app, complete the registration process, and link a payment card from which funds will be deducted during transactions. 20 years after the last major evolution, which was the emergence of the NFC-based technology, today biometric transactions are seen by most of the payment experts as the next (r)evolutionary stage in the development of payment services worldwide.
And the combination of this innovative biometric technology with functionalities provided by a trusted and experienced partner such as the global leader Worldline has produced a groundbreaking solution that is changing the outlook of the entire electronic payments market. In an age where mobile solutions are making our lives and daily work easier, this is a revolutionary change.
Artur Żymańczyk, Country Manager at Worldline, commented: “PayEye is known for its innovative approach to biometric payments, while Worldline holds a globally-leading position in payment services. Putting together our potentials will help us go down in history as innovators setting new trends in the global payment markets, from which – thanks to even greater convenience and security in the payment process – our customers stand to benefit the most.” Given that, just as with the development of NFC technology, the adoption of new solutions is bound to take many years, the eyepos 3 terminal also supports other payment types, including the most popular ones today, i.e. the ones based on NFC technology and QR codes, but it can also still be used to pay traditionally using a payment card.
Moreover, the eyepos 3 terminal is equipped with a large 5.5 inch screen, on which advertisements or a shopping list during payment can be displayed, while the Android 11 operating system provides more scope for building integrated solutions within a single device.
Radoslaw Ruda, VP of PayEye, said: “We are very pleased to be starting cooperation with Worldline, a global leader in payment services. For us, it’s yet another strategic partnership that brings us ever closer to launching a global expansion of our biometric solution, which, exactly like the biometrics most of us use to unlock our phones, will revolutionise the authentication of payments, offering even greater security and convenience for customers.”
***
ABOUT PAYEYE:
PayEye is a born-global company that is revolutionizing the payment market. It is the first in the world to develop and implement unique biometric solutions, resulting in the world’s first and only commercially available payment system based on the fusion of eye and facial biometrics, as well as ultra-modern, one-click intelligent e-payments for the e-commerce market.At the heart of the entire PayEye ecosystem is a free app that enables biometric payments in physical stores and express online payments with e-payeye. PayEye services are dedicated not only to B2C users who value the security and convenience of payments but also to B2B clients who appreciate and implement modern cashless services in their businesses.
Press Contact PayEye
Anna Andrych (CMO)
T +48 664 950 415
About Worldline
Worldline [Euronext: WLN] helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. Worldline generated a 4.6 billion euros revenue in 2023. worldline.com
Press Contact
Maxime Talagas
T +352 (0) 671 881 125
Hélène Carlander
T +33 (0) 7 72 25 96 04
