Biyo

Biyo, formerly known as PulseWallet, offers a biometric POS terminal that uses palm prints (unique vein patterns and blood-flow) to verify users and authenticate payments. Biyo’s systems to identify and authenticate customers are powered by Fujitsu’s “PalmSecure” biometric technology.

Users must initially swipe their payment card/device at the first payment at a Biyo terminal, to pair the palmprint with the card. Thereafter, the palm prints will be used for authentication at any Biyo terminal (the phone number continues to act as a second authentication method, similar to a username). Biyo claims that using a customer’s unique palm-vein patterns for identification is more secure than using fingerprints (which it offered till 2014), as users can leave behind traces of the latter. Moreover, the company claims that scanned palm vein patterns have a 99.9% accuracy.  

Businesses can connect the Biyo terminal to existing POS cash registers, or acquire Biyo’s bundled register, which includes a tablet. Biyo can be used by retailers in any industry, including restaurants, convenience stores, coffee shops, etc. The company charges merchants USD 89-169 per month for a single store and device, with the option of adding devices at USD 59 per device per month. The packages vary based on several features such as multi-store functionality, live chat support, inventory scanner licenses, and account managers, among others.

End customers can utilize the Biyo app as a digital wallet for storing multiple credit cards, reward cards, coupons, transferring funds, and improving their financial management.