Hello and welcome
FacePOS will be applying for PISP, AISP and Money Remittance from the Central Bank of Ireland which is the Competent Authority for Ireland.
Once FacePOS has been granted these licenses and registered with the Central Bank of Ireland we will be allowed to do what we say here on FacePOS.ie. but for now we are not registered but going through the process of obtaining permission.
FacePOS is an electronic payment service company but with a difference.
We are a Direct Debit App which processes electronic monetary transactions using facial recognition stopping your banking details ever been seen.
FacePOS is an innovation by creating a system where your face is the new pin for confirmation of an account holder.
This stops fraud happening to both you and businesses.
Security is a major issue for all companies which are processing money. They are keeping millions of banking details online and a single hack can allow fraudsters access to millions of bank accounts at once.
We believe that the only way to protect our customers and business users from fraud is not to keep their details. Account will be registered to your face and this is the only information FacePOS needs so we can prove who you are.
FacePOS is a Facial recognition electronic Debit card which stops fraud by being an electronic security buffer for your bank account.
When your Debit/ Credit Card is tapped against terminal, details of your payment are sent to the ‘acquirer’ - the bank in charge of making payments for your card account. Then acquirer moves the payment and account details to the card issuer for authorisation, the issuer sends approval back to the acquirer then back to the merchant. The transaction is done but merchant's work is still not finished.
These services cost both customers and businesses money to process an electronic payment, all users incur interchange fees.
FacePOS has created the innovative step to reduce costs of transactions which takes out the layers of merchants making your payment much more safer and cheaper. Its terminal will contact your bank requesting funds. When confirmation is complete your bank will send funds to FacePOS account and then FacePOS will pay the business on your behalf. That's all.
FacePOS.ie is the most secure electronic direct debit APP ever invented. Its a Debit card but in electronic form.
FacePOS uses facial recognition to confirm its your bank account the money is coming from. No one can steal money from your bank account because your new pin number is now your Face and not a pin number.
We are direct Debit payment service company between the Customer and Business. When it comes to paying for any goods the only difference is you tap your phone against the FacePOS terminal. Your face will appear on the till so the retailer confirms its you spending funds and transaction is complete under 2 seconds stopping fraud happening to you. Funds are directly sent to business account from customers without any bank fees to either party.
FacePOS Prepaid app
FacePOS functionality is electronic Debit Card but we don't use Visa /MasterCard or your own banking merchants to process your electronic monetary transactions. Instead FacePOS asks your bank if funds are available to make payment, if your bank says yes FacePOS then confirms funds to retailer. FacePOS has joined to all banks in Europe and because FacePOS not only passes the rules and regulations laid out by The Central Bank of Europe and Ireland but sets new standards in security, speed and costs for both customer and businesses.
FacePOS Prepaid account can be used like any bank account, you can send money to family or friends and use online or in store. FacePOS prepaid is the 2.0 of cash, only your face can spend money from your account. You can have your wages or Social Welfare paid into FacePOS, you can pay all your bills.
How does FacePOS stop fraud
FacePOS has developed a way to stop fraud by using facial recognition to prove the account holder's identity.
FacePOS has created an innovative step to process electronic transactions to confirm identity of an account holder and stops fraud happening to both customers and Business. FacePOS joins the customers to the businesses directly together through the FacePOS terminal and process the payment without using any other 3rd parties. This simulates the same way we use cash, you can call this the 2.0 of cash, creating a system between customers and businesses to do a legal transaction while creating an electronic receipt for both users as reference of transaction protecting both customers and business rights. Customers who try to use FacePOS for money laundering, needs to know we have RED FLAG algorithms for customers who receive payments from illegal transactions under Anti Money Laundry Act or any other selling illegal ( No VAT Number Revenue POS policy) goods or services meaning not registered as a business, If you receive money from a business through FacePOS you must be registered as a legal entity or we will inform local fraud squad and CAB about monetary transactions. Businesses who try commit fraud will have the police and Fraud Squad brought in for an investigation.
How does FacePOS work?
Customers download an app from Google Play and, sign up, upload a photo of yourself, top up funds in your if you want to use prepaid FacePOS customer account or you can use FacePOS direct payment which works like any debit card..
Once this is complete you can send or spend money with all FacePOS users for FREE
Businesses sign up on website then a FacePOS staff member will come verify your business to receive transactions according to the PSD2 regulations laid out by the Central Bank. The business can then receive money Pay wages or other suppliers through FacePOS terminal.
FacePOS.ie Direct Debit app
Hello and welcome to FacePOS.ie the first facial recognition Direct Debit App which process electronic monetary transactions. FacePOS is the first company to crack the Cartel of Visa MasterCard monetary transactions world wide.
FacePOS functionality is electronic Debit Card but we don't use Visa /MasterCard or your own banking merchants to process your electronic monetary transactions. Instead FacePOS asks your bank if funds are available to make payment, if you bank says yes FacePOS then confirms funds to retailer, Retailer confirms its you spending funds and transaction is complete and it's all done under 2 seconds. FacePOS has joined to all banks in Europe and because FacePOS not only passes the rules and regulations laid out by The Central Bank of Europe and Ireland but set new standards in security, speed and costs for both customer and businesses.
or money laundering, needs to know we have RED FLAG algorithms for customers who receive payments from illegal transactions under Anti Money Laundry Act or any other selling illegal ( No VAT Number Revenue POS policy) goods or services meaning not registered as a business, If you receive money from a business through FacePOS you must be registered as a legal entity or we will inform local fraud squad and CAB about monetary transactions. Businesses who try commit fraud will have the police and Fraud Squad brought in for an investigation.
Directive 2015/2366/EU (or PSD2) is an EU Directive that applies to payment services in the EU. It expands the scope of the first EU Payment Services Directive (PSD) which entered into force in 2009. PSD2 became law in Ireland on 13 January 2018 with the signing by the Minister for Finance of the European Union (Payment Services) Regulations 2018 (Statutory Instrument No.6 of 2018).PSD established common rules in relation to certain types of electronic payments, such as credit transfers, direct debits, card payments, and mobile and online payments.PSD2 builds on PSD by making it possible for the EU market in payment services to be opened up to new categories of payment services provider offering a range of new payment services to businesses and consumers.
These new payment services providers are known as: Payment Initiation Service Providers (PISPs) Account Information Service Providers (AISPs). PSD2 enables PISPs and AISPs to compete with banks and other more traditional payment services providers by offering new, regulated payment products and services such as account information aggregation and payment initiation. https://centralbank.ie/regulation/psd2-overview
FacePOS Terminal for Businesses
FacePOS terminal for Business
FacePOS terminal for business is the connection point where FacePOS app joins customer to Businesses. Customers who joined FacePOS are safe to spend money with our registered Business.
Businesses will have to be verified before using FacePOS terminal to receive payments. Like customers Business do not want to lose money because of fraud. Business must confirm a customer.
Making transaction with FacePOS terminal will give business exceptional advantage in preventing fraud and saving money.
Terms and conditions apply.
Its an app so no cost, but additional hardware can be used like a tablet.
Monthly license fee €10 per terminal
Interchange fee = €0.00
FacePOS rate is 1%
Receive Payment 1 hour
Contract term 1 month
Monthly license fee €20 + per terminal
Interchange fee €0.10 per transaction
Merchant fee rate average 2%
Receive Payment 1 to 5 days
Contract term 1 year