Payface offers a facial recognition payment technology that enables users to make purchases without the need for cards, cash, or passwords, enhancing transaction speed and security. This solution addresses the inefficiencies and security concerns associated with traditional payment methods by providing a seamless and personalized shopping experience.
Funding
$9.9M 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
Traditional payment methods rely on physical cards, cash, or remembering passwords, which can be inconvenient, slow, and pose security risks. These methods often lack personalization and can lead to friction during the checkout process.
Solution
Payface offers a facial recognition payment platform that allows users to make purchases and authenticate themselves without cards, wallets, or PINs. The system identifies individuals by their face, a unique human characteristic, to provide a secure and streamlined payment experience. Payface integrates with existing point-of-sale (POS) systems and SmartPOS devices, enabling retailers to offer frictionless checkout options in physical stores, private label card programs, and online environments. The platform's SDK, Fortface, also provides robust user authentication for sensitive digital transactions, protecting against fraud with advanced biometric technology.
Target Audience
Payface targets retailers looking to enhance customer experience and security, private label card programs seeking to reduce friction, and online businesses requiring robust user authentication.
Features
- Facial recognition technology for secure and password-free payments
- Integration with existing POS systems and SmartPOS devices
- Mobile application for user registration, card management, and payment tracking
- Fortface SDK for user authentication in digital transactions
- Support for private label card programs
- Data encryption and compliance with LGPD (Brazilian General Data Protection Law)
- Real-time payment processing and transaction history
- Biometric engine certified with iBeta Levels 1 and 2 for advanced fraud protection