Synq integrates contactless palm recognition technology with tablets to streamline payment processing for businesses. This solution addresses the need for secure and efficient transactions, reducing wait times and enhancing customer experience.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional payment methods can be slow, require physical contact, and may not offer the highest level of security, leading to long queues and potential hygiene concerns for both businesses and customers. Existing systems may also be vulnerable to fraud and require customers to carry physical cards or remember passwords.
Solution
Synq PalmPay offers a contactless payment solution that uses palm recognition technology integrated with tablet devices to streamline transactions. The system scans the unique vein patterns and hand geometry of a user's palm using infrared light, capturing over 5 million data points to create an encrypted biometric ID. This biometric ID is then used to authorize payments, eliminating the need for physical cards or PINs. The Synq PalmPay system aims to provide a faster, more secure, and more hygienic payment experience for both businesses and their customers.
Target Audience
Synq PalmPay targets businesses looking to improve transaction speed, enhance security, and provide a more convenient and hygienic payment experience for their customers, particularly in retail and high-traffic environments.
Features
- Contactless palm vein scanning for secure biometric identification
- Tablet-based payment processing for easy integration into existing POS systems
- Infrared light scanning captures over 5 million data points for high accuracy
- Encrypted biometric ID for enhanced security and fraud prevention
- Fast transaction times to reduce wait times and improve customer satisfaction
- Hygienic contactless payment method