World First, PayToo to Use Biometrics and Facial Recognition in Sign Up Process

PayToo® Wallet, a mobile banking solution, announced on the 9th of March the exclusive release of PayToo® Assistant, a new digital application that uses facial verification and biometrics to verify customers’ identity, facilitating the PayToo® sign up process for the customer.
In what is an industry first, this new solution is a significant milestone in the payment industry. The PayToo® Assistant eliminates the need for human intervention and secures approval of the documents in minutes, speeding up the sign-up experience while also enhancing security and eliminating any risk of fraud.
Due to advancements in Biometrics and digital identification face recognition, customers can now complete their PayToo® Account registration with their smartphone.
With PayToo® Assistant, the customer follows three simple steps: enter his login info, take a picture of his ID such as driving license, ID card or passport, and take a selfie. The application extracts the data and scores identity information from the user’s ID documents, authenticates them and completes a biometric facial verification.
“PayToo®is taking one step forward in technology with the PayToo®Assistant. We are now removing the burden for the customer to enter all his information and scan his documents for verification by using to our biometric and facial recognition technology. PayToo®is always focusing on offering the friendliest and less time-consuming solution to its customers without making any comprises on safety and security.”, said Michel Poignant, CEO of PayToo®.
Leveraging the advanced cloud and virtual banking technology developed by PayToo®, the PayToo® Assistant application is at the forefront of bringing the entire financial industry into the 21st Century.

Staff Writer