PayToo Merchant Services rolls out new payment solution
PayToo Merchant Services, a subsidiary of PayToo, has launched a new payment solution
PayToo Merchant Services, a subsidiary of PayToo, has launched a new payment solution that uses facial recognition and QR Code features to verify payment.
Dubbed PayToo SmileandPay, the new offering aims to simplify the checkout process while reducing the possibility of fraudulent transactions.
The application allows users to scan a QR Code and validates the transaction by taking a selfie. First time users need to download the PayToo Assistant Application that lets them authenticate ID, selfie and card.
PayToo CEO 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.
“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.”