PopID

PopID's core business revolves around its universal biometric gateway. Consumers enroll by taking a picture of their face or palm, which is converted into an encrypted digital key stored in the cloud and linked to their payment or loyalty accounts. This opt-in service requires users to initiate verification at a participating business, ensuring user consent for every transaction. The company primarily serves businesses in the quick-serve restaurant, retail, and hospitality industries, and also provides access control solutions for workplaces and college campuses. Its revenue model is based on offering lower transaction processing fees compared to traditional credit card companies, made possible by its direct e-wallet system.

The company's product suite includes PopPay for payments, PopEntry for access control, and PopEntry+ which adds thermal temperature screening. PopPay aims to increase sales for merchants by up to 4% and reduce transaction times significantly by personalizing the ordering experience and simplifying loyalty program check-ins. The PopEntry system offers a contactless alternative to key cards, integrating with existing security hardware and providing features like mask detection. Having processed millions of transactions, the platform has demonstrated its viability and appeal. Strategic partnerships with major players like Verifone, Visa, PayPal, J.P. Morgan Payments, and Panasonic have been instrumental in its growth, facilitating the integration of PopID's technology into a vast network of existing payment terminals and point-of-sale systems globally.