PayEye is a technology company providing its own POS devices which are capable of reading human iris and face, i.e. reading biometric patterns of a user for the sake of identification and authorization of a mobile transaction. PayEye plays a role of a TSP (Technical Service Provider), providing the entire payment platform including (1) biometric multifunctional POS terminal, (2) relevant cloud system for biometric data processing, and (3) user's mobile app which has a standard e-wallet for payment cards. We offer our solution to merchants in cooperation with financial institutions, i.e. settlement agents and banks. This way we don't have to be licensed or supervised. Our POS device is a multifunctional POS, which means it processes all types of payments, i.e. card, NFC, and biometric ones.
