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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.
“This is a giant step forward in helping our clients reimagine the entire retail experience for their customers and bringing best-in-class biometrics payments solutions to the market,” said Jean-Marc Thienpont, Managing Director, Omnichannel & Biometric Solutions at J.P. Morgan Payments. “We offer something that is hard to match - the stability, scale and trust of a world-class bank combined with the technology and agility of a fintech.”
Through J.P. Morgan Payments and PopID’s expanded collaboration, national restaurant chain Whataburger plans to extend biometric payments, with payments processing powered by J.P. Morgan Payments.
“We are excited to continue to embrace biometric payments to help us revolutionize the way our customers purchase their favorite food reliably and securely,” said Jerry Phillips, VP of Technology, Whataburger. “At Whataburger, we believe in innovation, and this marks a significant step forward in enhancing our overall dining experience. This new offering allows us to provide a faster, safer and seamless checkout process for our valued guests, backed by the stability of an established financial institution.”
The Formula 1 Crypto.com Miami Grand Prix completed a successful biometric payments proof of concept in 2023, with 100 percent of transactions authenticated and processed, on average, in under a second.1
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.
Biometric payments help decrease checkout times,2 increase purchase value3 and build customer trust in the payment method’s privacy and security. 4
Confidential Proof of Concept Study, 2023
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Three emerging megatrends across payments, technology and risk will transform the cross-border payments landscape and help create new opportunities for FIs.
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Cross-border payments are growing quickly thanks to API advancements, improved visibility and transparency, virtual account solutions and partnerships.
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Domino’s Pizza leverages Cash Flow Intelligence for global financial agility
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