Trustly has launched Trustly ID, a biometric technology enhancing payment experience by ensuring faster and more secure identity verification through bank authentication. It is designed to simplify transactions and is expected to significantly benefit the gaming industry. The pilot phase will begin in April 2025 in Finland, followed by expansions to other markets.
Trustly, a provider of Pay by Bank solutions, has introduced Trustly ID in Europe, a biometric technology aimed at enhancing payment experiences through increased speed and security. This innovative solution allows users to verify their identities via their bank, facilitating quicker logins by remembering users for future sessions. The biometric features include Face ID and fingerprint recognition, using a single passkey setup, ensuring secure and seamless account access while sharing verified KYC information with merchants for immediate payments.
By integrating Trustly ID with Azura, Trustly’s proprietary data engine, the company enhances payment processing efficiency and intelligence, leading to an improved user experience. This integration simplifies transactions, making identification and payment processing faster and more efficient.
Trustly ID is poised to have a considerable impact on the gaming industry, especially with its Pay N Play solution, which allows players to verify their identities and access gaming accounts instantly. This eliminates the need for manual logins and complex KYC procedures, offering users a more convenient and secure experience.
Scheduled to launch its pilot in Finland in April 2025, Trustly ID aims for a full-scale rollout across additional Pay N Play markets soon after. This solution is expected to transform user interactions with gaming platforms and merchants, promoting wider adoption of biometric login technologies.
Trustly’s Pay by Bank platform has gained acceptance from major gaming entities like Bet365, Flutter, William Hill, LeoVegas, Betsson, and Kindred. This platform facilitates instant deposits, secure data sharing with operators, and enhanced payment security, solidifying Trustly’s significance in the payments sector.
Trustly’s launch of Trustly ID aims to enhance payment processes in various sectors, especially in gaming. By utilizing biometric technology for identity verification, it streamlines and secures user interactions. The anticipated pilot phase and subsequent rollout across Europe highlight Trustly’s commitment to innovation and efficiency in payment solutions, fortifying its role in the industry.
Original Source: thepaypers.com
