AuthPay provides a unified AI platform for businesses to manage international payments, supporting various methods and currencies like KRW and USD. The platform streamlines customer interactions through features like one-tap NFC verification and automated financial settlements. It offers flexible financing terms and 24/7 multilingual support to enhance global service operations.
Funding
$450K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many diners miss out on potential credit card rewards and personalized dining experiences due to the complexity of choosing the optimal payment method and communicating preferences. Restaurants struggle to capture customer data effectively, hindering their ability to personalize service, increase sales through targeted upselling, and cater to specific dietary needs.
Solution
AuthPay provides an AI-powered payment solution that optimizes credit card rewards for each transaction while offering personalized dining experiences. Using NFC tags or QR codes, customers can seamlessly order and pay at restaurants, hotels, resorts, and casinos without downloading an app. The platform tracks customer order history, food preferences, and allergies, enabling restaurants to offer tailored recommendations and promotions. AuthPay integrates with existing POS systems, allowing businesses to enhance customer loyalty, increase revenue through effective upselling, and streamline operations by reducing wait times and labor costs.
Target Audience
AuthPay targets restaurants, hotels, resorts, casinos, and other businesses in the hospitality industry seeking to enhance customer loyalty, increase revenue, and streamline operations, as well as diners looking to maximize credit card rewards and enjoy personalized dining experiences.
Features
- AI-driven payment selection to maximize customer rewards (cash back, miles, points)
- NFC tag and QR code-based ordering and payment system, eliminating the need for app downloads
- Customer preference tracking (allergies, dietary restrictions, past orders) for personalized recommendations
- Upselling agent to suggest complementary items and promotions during the ordering process
- Integration with existing POS systems for seamless operation
- Customizable NFC tag designs to match restaurant aesthetics
- Multilingual menu translation to cater to diverse customer bases
- Real-time data analytics on customer behavior and preferences