Biometric payment for the financial services sector
IrisGuard’s biometric payment solutions connect merchant networks - banks, post offices, remittance agents and mobile wallets - with aid agencies and disaster funds.
Our biometric payment technology offers a number of key benefits:
Trusted ID & POS Solutions
Banking the unbanked
The World Bank Group's credit infrastructure services focuses on secured transactions as one of its priorities, which is where our biometric payment technology provides a solution.
We work with the Ministry of Displacement and Migration (MoDM) Iraq to assist them in providing aid for Internally Displaced Persons – (IDP). We also work with the Ministry of Social Affairs (MOSA) Lebanon to assist local social welfare, as well as the National Aid Fund (NAF) Jordan for the assistance of the poor.
Our biometric payment solutions streamline customer operations by replacing numerous identification documents with a single iris verification. Our trusted EyeCloud® technology provides migrant workers, IDPs and refugees with a secure digital identity which can be utilised for the receipt of aid, salary assurances and for remittances.
Migrant Salary Assurance
Many migrant workers - approximately 19 million in GCC countries alone - have no bank account or credit card, which can make the payment of their salary and remitting money to their families in their home country difficult and expensive.
IrisGuard's biometric payment technology streamlines the process to provide migrant workers with a secure digital identity. It provides a two-in-one solution for migrant workers:
As more and more people live and work abroad, the amount of money sent home has risen significantly. It is estimated that approximately USD$ 400 billion is remitted around the world by expat workers to their home countries every year.
Our biometric payment technology enables secure compliance to Know Your Customer (KYC) and Anti-Money Laundering (AML) international regulations, ensuring a 100% accurate and secure transaction process.
Biometric payment also enables remittances to the unbanked. The beneficiary can be fully authenticated and funds withdrawn using an iris-enabled ATM cash machine.
Partnership with the UNHCR & Cairo Amman Bank
Our biometric payment solutions have been extensively used by the UNHCR, WFP, UN Women and dozens of NGOs and retail banks since 2013 across the Middle East. This targeted delivery platform provides financial aid to millions of refugees and unbanked populations, processing more than US$ 1.3 billion per annum.
Refugees are able to walk up to an IrisGuard-enabled EyeCash® ATM, present their eye and effortlessly withdraw their allocated cash subsidies instantaneously. The EyeCash® novel solution was selected, based on the aid agency’s need to provide a dignified, fast, simple and rigorous method of cash delivery to financially include refugees.
Partnership with the UNHCR & Zain Cash
Our partnership with the UNHCR and Zain Cash has delivered a program utilising our end-to-end EyePay® platform, which was required to increase the registration capacity for beneficiaries. Our biometric payment solutions make it more convenient, remove duplication effort and speed up the process.
Biometric payment technology increases beneficiaries’ privacy and enables a secure cash out process. It significantly improves delivery of assistance which was desperately needed, as it previously took 15 days. Importantly, biometric payment restores dignity.
Find out more about biometric payment solutions for the financial services sector
Our biometric payment technology is suitable for new database registration including utilising of existing iris images, and for provision of services and payments that require an accurate proof-of-life to ensure accuracy and accountability. .