Bringing identity-based payments to the world

Future-proof payment infrastructure and facilitate cross-border payments by utilizing the highest form of biometric authentication in existence, palm vein biometrics.

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PaymentsCo is a subsidiary of IDCentriq. We empower governments and organizations to future-proof their existing payment infrastructure with a biometric solution that enables identity-based payments and prioritizes security, efficiency, and ease of use.

By leveraging advanced palm vein biometrics, PaymentsCo and its user-friendly app PayPalm, eliminates the need for cards and PINs, making transactions seamless and fraud-proof.

We also enable cross-border operations by setting up a subsidiary in each country and partnering with Central Banks, issuers, and acquirers to deliver secure identity-based payments globally.

Modern government building representing public sector infrastructure

How palm vein payments work

Onboarding & Enrollment

Once a user is onboarded, two infrared palm-vein captures are immediately encrypted into an enrollment biometric template. The raw images are inaccessible by design, and the template is an encrypted mathematical array that can only be understood by the PaymentsCo platform.

Illustration of government ID document used in IDCentriq's mobile onboarding process, representing the first step of secure user verification

Scan & Authenticate

When prompted to pay, a user’s palm will be scanned, and the infrared image will be converted into a signed identification biometric template. This is authenticated via an encrypted enrollment template stored by PaymentsCo. Authentication takes less than a second and has a false acceptance rate of less than 1 in 100 million

Hand positioned over palm vein scanner during the enrollment phase, capturing biometric data for secure template creation

Onboarding & Enrollment

Scan & Authenticate

Advanced omnichannel authentication

The most secure way to pay today. Delivers mutual multifactor authentication and omnichannel digital transaction signing with every payment.

Real-time transaction verification

Our proprietary technology allows for real-time transaction verification, eliminating chargebacks and other fraud vectors.

Front-End SDK & PayPalm App

All payments can be processed with our SDK or through our user-friendly PayPalm app. Both include mobile threat detection and encrypted communication.

Simple and secure digital onboarding

Onboard in 2 minutes. Uses iBeta Level 2 facial biometrics and passive liveness detection to authenticate users.

Global integration

Our goal is to provide identity-based payments to the world. Pay and authenticate between participating countries with zero cross-border biometric leakage.

Central Bank Licensing

PaymentsCo incorporates a subsidiary in each country. Licensed by the central bank, this subsidiary partners with issuers and acquirers to deliver payment infrastructure and processing.