For banks
Extend the bank–customer
Extend the bank–customer
relationship to the checkout.
Palms gives banks a new way for their customers to pay. The bank retains the customer relationship and remains responsible for accounts, payment authorization and movement of funds.
Responsibilities
The bank
- Customer relationship
- Accounts and cards
- Payment authorization
- Movement of funds
- Regulatory responsibility
Palms
- Biometric identity layer
- Matching technology
- Bank integration
- Merchant acceptance
- Terminal deployment and operations
Integration model
Bank systems → Palms infrastructure → Merchant acceptance
Bank systems
Accounts, cards, authorization and settlement
Palms infrastructure
Biometric identity, matching and terminals
Merchant acceptance
Point of sale, terminals and payment execution
Bank value proposition
New payment experience
A new way for customers to pay — no card, no phone.
Relationship extended
The customer, the account and the authorization stay with the bank.
Infrastructure deployment support
Palms deploys and operates the terminals and the matching layer.
Merchant acceptance expansion
Extends acceptance across physical merchant locations.
Deployment model
01 Technical integration
02 Merchant deployment
03 Customer enrollment
04 Live payment acceptance
05 Monitoring and expansion