PayToo Merchant Services Corp. unveiled a new mobile payment solution that uses facial recognition. PayToo SmileandPay is the newest technology incorporating QR Code features and facial recognition to verify payment. It replaces the need to remember passwords and aims to simplify the payment process while mitigating fraudulent activity for both the customer and merchant.
CEO of PayToo, Michel Poignant, said: “With more than billions of dollars in fraud experienced by e-commerce retailers, the industry needed to react. With the launch of PayToo SmileandPay©, we are proud to be at the forefront of the technology and to mark another milestone in the industry.”
The application allows users to scan a QR code, and validates the transaction by taking a Selfie when they sign into the PayToo account. First time users have to download the PayToo Assistant Application that let them authenticate ID, Selfie and card. With this solution PayToo aims to provide low cost low-cost, high quality service that facilitates payments and transfers anytime, anywhere without the need for a bank account and without all the charges associated with one.
“Online payments and financial services are going through a revolution, and we are excited to be part of it, by offering an innovative, secure and easy solution to both merchants and customers,” said Michel.