FortressPay Launches Enterprise-Ready Biometric Payment Platform

FortressPay launched an enterprise-ready biometric payment platform.

With its new Payment Identity platform, FortressPay aims to provide a frictionless customer experience while eliminating payment fraud, the global FinTech company said in a Friday (Dec. 1) press release.

“People use a selfie to unlock their phones multiple times a day, making a payment should be no different,” Fortress Payments CEO Alessandro Chiarini said in the release.

With mobile device payments accounting for over 65% of all credit card transactions globally, there is a need for a secure and convenient payment solution, according to the release.

By integrating its global issuing and acquiring capabilities with a biometric checkout experience, FortressPay aims to provide merchants with a seamless payment process while reducing chargebacks to nearly zero, the release said.

FortressPay uses government and border control accuracy-level facial biometric technologies, which ensures the highest level of security for users, per the release. Additionally, the platform is designed to be mobile carrier agnostic.

To optimize security and scalability, FortressPay collaborated with SoftwareOne, a global software and cloud solutions provider, according to the release.

“FortressPay’s disruptive concept of the Payment Identity platform and [its] challenge to our engineering team to provide the necessary redundancy and compliance to ensure the platform was enterprise ready was an exciting and challenging project for SoftwareOne,” Rodrigo Eleoterio, global partner channel business lead at SoftwareOne, said in the release.

FortressPay’s Payment Identity platform combines decentralized payments with decentralized identity, allowing users to have control over their credit and identity through opt-in and opt-out features, according to the release.

PYMNTS Intelligence found that biometric authentication methods have expanded into multiple applications in recent years, including online payments, mobile devices, banking transactions and facial identity for security.

Nearly half of online shoppers in the United States already use biometric authentication methods for purchasing online, and around 15% said they are interested in doing so in the future, according to “Tracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile,” a PYMNTS and Amazon Web Services (AWS) collaboration.

For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.