J.P. Morgan and PopID Roll Out Biometric Payments Across the U.S.

J.P. Morgan and PopID Roll Out Biometric Payments Across the U.S.
J.P. Morgan and PopID Roll Out Biometric Payments Across the U.S.

Hey Payments Fanatic!

J.P. Morgan Payments is expanding its relationship with PopID to deploy in-store biometric payments to pilot merchants across the United States.

Shoppers can complete transactions using pay-by-face biometrics, without pulling out their phones or credit cards.

Biometric payments enable shoppers to pay by smile to complete transactions seamlessly, without phones or credit cards, ensuring a simplified, secure and hassle-free checkout experience for both merchants and customers.

Once a shopper is enrolled in the service, they can enjoy biometric payments when they walk through the door of participating merchants.

PopID's research shows this system reduces checkout times by up to 90 seconds and increases ticket size by 4%.

Now over to you: How do you think about biometric payments?

Cheers,

Marcel


Stay Updated on the Go. Join my new Telegram channel for daily updates and real-time breaking news. Stay informed and connect with industry enthusiasts —subscribe now!

Join The community of Payments Fanatics Now!

INSIGHTS

📈 Apple's services revenue reached a record $𝟮𝟰.𝟮 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 for the latest quarter, marking a 14% year-over-year increase, boosted by the expansion of Apple Pay features.

Apple Q3 FY24 Income Statement

PAYMENTS NEWS

🇺🇸 Papaya Global, the ultimate workforce payroll and payments platform, and Cegid, a European leader in cloud management solutions for professionals in the finance (treasury, tax, ERP), human resources (payroll, talent management), accountancy, retail and entrepreneurship sectors, announced their partnership offering clients a holistic solution for hiring, managing, and paying their global workforce.

🇮🇪 Translink completes rollout of contactless payments. The transport provider said that passengers could now use contactless on all bus and train journeys. Some Ulsterbus and Goldliner services were the last to receive the update, which was first introduced to some Translink services in March 2022.

🇫🇷 India-based JioFinance has launched in Paris, France to facilitate international transactions for Indian visitors during the Olympic Games. Specifically, JioFinance will facilitate international transactions for Indian visitors.

🇪🇺 Vodeno and Aion Bank to offer BLIK-as-a-service to financial institutions across Europe. This cooperation will enable both Vodeno and Aion Bank, which participates in the BLIK system as an issuer, to offer FinTechs, banks and other financial institutions access to BLIK services.

🇺🇸 J.P. Morgan Payments announced an expanded relationship with PopID to deploy in-store biometric payments to pilot merchants across the United States. The pay-by-face biometric payment solution allows shoppers to complete transactions more seamlessly, removing the need for customers to pull out their phones or credit cards.

🇨🇦 Layer2 raises over $10 million for cross-border B2B payments offerings. The new funding will allow Layer2 to enhance its infrastructure, which uses fiat and digital currencies to securely move billions of dollars per year. Read on

📜 Two more former Wirecard executives charged in sprawling criminal investigation. Ex-finance chief and former chief product officer accused of having failed to fulfil legal obligations to now-collapsed group. Click here to learn more


Want your message in front of 100.000+ FinTech fanatics, founders, investors, and operators?

Shoot me a message on LinkedIn.

Connecting The Dots in FinTech