EyePay® Network | irisguard

Multiple assistance distribution on one portal

Multiple beneficiary lists, multiple types of assistance, multiple Service Providers

Reach more beneficiaries with approved Service Providers

The EyePay® Network is an end-to-end software & hardware payment platform, built for targeted assistance distribution, enabling you to manage all your beneficiary support / assistance distribution programmes on one portal.

It offers the flexibility to instantly programme any type of assistance including food, cash, goods, health services and increasing your coverage through a pool of approved Service Providers.

You can now have the ability to extend the type of support you provide from direct cash out to cash for food, to health services via a secure, web based platform designed to support NGOs, Governments, banks, post offices, money exchangers and mobile wallets.

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

This innovative payment, accounting and communication platform has been developed to run the whole ecosystem including Payers (i.e. NGO/UN agency), Service Providers (Bank / money exchanger / switch – financial processor licence) and the Iris Trust Authority, which is responsible for the ownership of each disbursement programme.

Learn about key features and benefits

System demo

Transforming how assistance is delivered and received

The EyePay® Network takes away the complexity of distributing funding from donors to beneficiaries, ensuring that payments are transferred to the right people and providing complete accountability at every stage of the process.

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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.

It provides unprecedented accountability and transparency, rapid deployment and creates powerful trust in the aid delivery process which is invaluable to donors for securing future funding.

The use of IrisGuard advanced iris recognition technology to trigger transactions at thousands of cash-out and service points ensures a convenient, contact free, dignified and efficient approach of delivering assistance as well as leading in utilising an innovative yet established and trusted technology, which already serves over 5.6m beneficiaries.

This beneficiary-centric eco system is transforming CBT assistance and other Beneficiary services by dramatically shifting the focus from the SP to the Beneficiary. One uniform portal interface connects Payers and SP’s to deliver a range of services, whilst removing the laborious & lengthy SP recruitment and set-up process, supporting many types of assistance in any currency including cash-based transfers, in-kind food assistance and healthcare services.

EyePay® Network allows post-disbursement payment model beneficial for your cash flow, instant settlement of funds once disbursement complete ensuring financial robustness without reliability on a single SP. It increases your financial resilience, gives you larger coverage, lower fees and less dependency on a single SP.

Why join the EyePay® Network

One uniform portal for multi-modal relief distribution

CVA / Social Protection / Food / Non-Food Items / Medical Services
Choice of Service Providers in different areas in and outside of country, 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 SPs
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 SP and for each assistance list
Beneficiary can access a variety of SPs (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 & post-paid charging model
Split or float a payment list among different Service Providers
Download payment instructions into own systems
SP & 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 SPs 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 need for 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 SP(s)
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 SP will have any interaction with the value being distributed and any relevant information, which can remain anonymous
Unlimited expandability & availability 24x7x365

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

How you fit in this eco-system

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.
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.

Financial or other type with outlets and Points of Service (POS) in various locations throughout the country.

The SP becomes a member of platform by signing a SP agreement with the platform owner (IrisGuard) and receives an EyePay® device for each POS.
The SP can provide one or more types of assistance (cash, food, NFI, medicine or service) as specified in their bilateral contract with IrisGuard.
The SP 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 SPs are established on the platform, Payers can use them to specify which SPs can serve specific payment list(s).

An authority which 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
Payer can specify any Iris Trust Authority to verify its Beneficiary Assistance Lists

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 provider using their eye at the SP Point of Service.

Capex & Opex charging models available

OPEX