EyePay® Network | Integrated Biometric Payment Solutions

Integrated payment platform for assistance distribution & salary assurance

EyePay® Network - uniform portal connecting multiple Payers with multiple Financial Service Providers

The EyePay® Network is an integrated software and hardware payment payment platform, built for targeted assistance distribution. This enables organisations to manage multiple beneficiary lists and reach more beneficiaries through a network of approved cash-out agents/FSPs such as banks, post offices, money exchangers, supermarkets and wallets.

Key features include a uniform portal with live reporting and distribution monitoring, pre-approved exchange rates and the ability to consolidate all FSP transactions from different agents in real-time.

It offers the flexibility to instantly programme any type of assistance, including:

Cash
Wallets
CVA
Salary assurance
Food
Goods
Health services

Powered by our 100% accurate iris recognition software and hardware, it requires only one biometric registration, as the human iris is stable for life.

This revolutionary payment platform has been developed to run the whole ecosystem including:

Payers e.g. NGOs or UN agencies
Service Providers e.g. banks, money exchanger, switch – financial processor licence
Iris Trust Authorities - responsible for the ownership of each disbursement programme
Beneficiaries

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Innovative payment platform enabling targeted distribution of aid, salaries and social support

Transforming How Assistance is Delivered

The EyePay® Network takes away the complexity of distributing funding from donors to beneficiaries. Payments are transferred to the right people with unprecedented accountability and transparency at every stage.

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Key Benefits of Our Biometric Payment Solutions

The EyePay® Network is the world’s only payment processing platform specifically designed for digital ID management and subsequent delivery of humanitarian and social protection assistance. The biometric payment platform creates powerful trust in the aid distribution process which is invaluable to donors for securing future funding.

Our use of advanced iris recognition technology to trigger transactions at thousands of cash-out and service points ensures a convenient, contact-free, dignified and efficient approach to delivering assistance. This innovative yet established and trusted technology already serves over 5.6m beneficiaries worldwide.

EyePay® Network has one uniform interface which connects payers and service providers to deliver a range of services. This removes the laborious and lengthy process of recruiting and setting up service providers. In addition, it supports many types of assistance, in any currency, including cash-based transfers, in-kind food assistance and healthcare services.

EyePay® Network allows a post-disbursement payment model that is beneficial for your cash flow. This means instant settlement of funds once disbursement is complete, ensuring financial resilience and larger coverage without relying on a single service provider.

Why join the EyePay® Network biometric payment platform

ONE UNIFORM PORTAL FOR MULTIMODAL RELIEF DISTRIBUTION

Can distribute CVA, social protection, food and non-food items, health and medical services
Choice of service providers in different areas in and outside of country, with less dependency on a single SP
Flexibility to support multimodal assistance including mobile wallets through one portal
Consistent, robust and easy to use interface for all service providers
Streamlined assistance list loading with the ability to add / remove beneficiary on a 'live' list, no need to re-upload
Fully configurable download of aggregated payment information for each service providers and for each assistance list
Beneficiary can access a variety of service providers (bank, mobile money, money exchange, post office, shops)
Beneficiary can get aid from up to four different payers, all on one receipt

STRONGER FINANCIAL RESILIENCE & ACCOUNTING

Payer-approved set exchange rate ($USD default currency)
Pre and post-paid charging model
Split or float a payment list among different service providers
Download payment instructions into own systems
Service providers and payer can have accounts in different banks (IBAN) = Switch
No minimum payment transfer/distribution value
No minimum payment transfer/distribution frequency
Flexible length of payment cycle
No penalty for changes
No subscription required
Consolidate all service providers' payment orders in real-time
Track/calculate fees for every delivery
Full real-time transactional audit trail

ACCOUNTABILITY & KYC ASSURANCE

Ensuring assistance is delivered to the rightful beneficiary, eliminating duplicate payments and double-dipping
Providing accurate proof-of-life utilising only the beneficiary's iris to ensure compliance with Know Your Customer (KYC), Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF)
Eliminating the time-consuming process of bank enrolment and issuance of a card or PIN, creating significant savings on operational costs and associated overhead
Real-time audit trail tracking of funds at every stage of the process, whilst removing the burden of proof-of-delivery from field staff

INCREASED PROTECTION AND DATA SECURITY

Hosted on your own Microsoft Azure UK
Central control of all devices
Data stored within each country
No data sharing, as all information including the PID and the value of the assistance remain completely anonymous to the service providers
Transactions/transfers/payments are triggered when the beneficiary is verified via an IrisGuard-installed POS at the location of their choice, which is the first and only time where the service provider will have any interaction with the value being distributed and any relevant information, which can remain anonymous
Unlimited expandability and availability 24/7, 365 days a year

COMMUNICATION GATEWAY

SMS available to send notifications to beneficiaries, at a discounted bulk rate price
Provide beneficiary with options of locations including map showing closest ATM (Smartphone required)
Alert service for all EyePay® Network partners providing instant notification of any issues

THE ROLES WITHIN THE EyePay® Network BIOMETRIC PAYMENT PLATFORM

‘Payer’ is defined as any party wishing to provide assistance to a group of beneficiaries:

Assistance can be cash, food, non-food items, medicines or service.
The Payer loads the Beneficiary list(s) that contain(s) beneficiary identifier, type of assistance and value of the entitlement.
After loading the assistance list, the Payer specifies which agents are allowed to service this list.
The selection of agents will depend on the Payer and Service Provider having signed a legally binding service contract which sets out terms and conditions.
The Beneficiary list can be anonymous and the Service Provider will have no access to the information in the list itself, ensuring data protection and preserving privacy and dignity.

‘Service Provider’ is defined as a financial or other service type with outlets and Points of Service (POS) in various locations throughout the country:

The Service Provider becomes a member of the biometric payment platform by signing a Service Provider agreement with the platform owner (IrisGuard) and receives an EyePay® device for each POS.
The Service Provider can provide one or more types of assistance (cash, food, NFI, medicine or service) as specified in their bilateral contract with IrisGuard.
The Service Provider will need to sign trilateral contracts with IrisGuard and you, the Payer.
These trilateral contracts will define the method of payments, fees, duration and other terms and conditions.
Once contracts between Payers and Service Provider are established on the platform, Payers can use them to specify which SPs can serve specific payment list(s).

An ‘Iris Trust Authority’ verifies and authenticates the identity of a Beneficiary through a positive identification of a live iris scan and returning a unique Personal Identifier (PID) number:

The platform supports multiple Iris Trust Authorities
The Payer can specify any Iris Trust Authority to verify its Beneficiary Assistance Lists

‘Beneficiary’ is the person intended to receive assistance from a Payer, as defined by the Assistance List:

For the assistance to be provided, the Beneficiary will need to be authenticated by an Iris Trust Authority using their eye at the SP Point of Service.

CAPEX & OPEX CHARGING MODELS AVAILABLE FOR OUR BIOMETRIC PAYMENT SOLUTIONS

OPEX