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Non-Card Payment Methods in the Offing

Non-Card Payment Methods in the Offing  Non-Card Payment Methods in the Offing

Electronic payment companies in Iran are working on alternative ways to replace debit cards with non-card payment methods, including through personal cellphones and biometric methods.
Mohammad Mehdi Sadeq, managing director of Sadad Electronic Payment Company affiliated to state-owned Bank Melli Iran - made the announcement on Sunday, anticipating that the change will be welcomed by customers given the possibility of banks to raise payment fees in the near future.   
Biometric payment is a point of sale (POS) technology that uses biometric authentication to identify the user and authorize the deduction of funds from a bank account. Fingerprint payment, based on fingerscanning, is the most common biometric payment method.

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