Point-of-Sale Payment Leader SoftPoint Selects BigBear.ai for Facial Recognition Matching Technology in Payment Transactions
BigBear.ai (NYSE: BBAI) has announced a partnership with SoftPoint to integrate its Trueface facial biometric solutions into SoftPointPay's payment transaction network. The collaboration aims to enhance security and streamline operations across SoftPoint's retail partners.
The integration will implement facial recognition technology for payment authentication, designed to reduce fraudulent transactions by utilizing unique facial identities that are difficult to replicate. SoftPointPay's network spans multiple sectors including banks, dining, retail, convenience stores, and event venues.
Ha McNeill, VP of Digital Identity at BigBear.ai, emphasized the partnership's goal of setting new standards in security and convenience through biometric payment processing. SoftPoint's CEO Christian Rivadalla highlighted the selection of BigBear.ai's technology as one of the most advanced facial recognition matching solutions available.
BigBear.ai (NYSE: BBAI) ha annunciato una partnership con SoftPoint per integrare le sue soluzioni biometriche facciali Trueface nella rete di transazioni di pagamento di SoftPointPay. La collaborazione mira a migliorare la sicurezza e semplificare le operazioni tra i partner retail di SoftPoint.
L'integrazione implementerà la tecnologia di riconoscimento facciale per l'autenticazione dei pagamenti, progettata per ridurre le transazioni fraudolente attraverso l'utilizzo di identità facciali uniche difficili da replicare. La rete di SoftPointPay copre diversi settori tra cui banche, ristorazione, vendita al dettaglio, negozi di convenienza e luoghi per eventi.
Ha McNeill, VP di Digital Identity presso BigBear.ai, ha sottolineato l'obiettivo della partnership di stabilire nuovi standard in materia di sicurezza e comodità attraverso l'elaborazione dei pagamenti biometrici. Il CEO di SoftPoint, Christian Rivadalla, ha evidenziato la scelta della tecnologia di BigBear.ai come una delle soluzioni di riconoscimento facciale più avanzate disponibili.
BigBear.ai (NYSE: BBAI) ha anunciado una asociación con SoftPoint para integrar sus soluciones biométricas faciales Trueface en la red de transacciones de pago de SoftPointPay. La colaboración tiene como objetivo mejorar la seguridad y agilizar las operaciones entre los socios minoristas de SoftPoint.
La integración implementará tecnología de reconocimiento facial para la autenticación de pagos, diseñada para reducir las transacciones fraudulentas mediante el uso de identidades faciales únicas que son difíciles de replicar. La red de SoftPointPay abarca múltiples sectores, incluidos bancos, restaurantes, comercio minorista, tiendas de conveniencia y lugares para eventos.
Ha McNeill, VP de Identidad Digital en BigBear.ai, enfatizó el objetivo de la asociación de establecer nuevos estándares en seguridad y conveniencia a través del procesamiento de pagos biométricos. El CEO de SoftPoint, Christian Rivadalla, destacó la selección de la tecnología de BigBear.ai como una de las soluciones de reconocimiento facial más avanzadas disponibles.
BigBear.ai (NYSE: BBAI)는 SoftPoint와 파트너십을 체결하여 SoftPointPay의 결제 거래 네트워크에 Trueface 얼굴 생체 인식 솔루션을 통합한다고 발표했습니다. 이번 협력은 SoftPoint의 소매 파트너들 간의 보안을 강화하고 운영을 간소화하는 것을 목표로 하고 있습니다.
통합은 결제 인증을 위한 얼굴 인식 기술을 구현하여 복제하기 어려운 고유 얼굴 신원을 활용하여 사기 거래를 줄이도록 설계되었습니다. SoftPointPay의 네트워크는 은행, 식사, 소매, 편의점 및 이벤트 장소를 포함한 여러 분야에 걸쳐 있습니다.
BigBear.ai의 디지털 아이덴티티 부사장인 Ha McNeill은 생체 인식 결제 처리를 통해 보안과 편리함의 새로운 기준을 설정하는 것이 파트너십의 목표라고 강조했습니다. SoftPoint의 CEO인 Christian Rivadalla는 BigBear.ai의 기술을 가장 진보된 얼굴 인식 매칭 솔루션 중 하나로 선정한 것을 강조했습니다.
BigBear.ai (NYSE: BBAI) a annoncé un partenariat avec SoftPoint pour intégrer ses solutions biométriques faciales Trueface dans le réseau de transactions de paiement de SoftPointPay. La collaboration vise à améliorer la sécurité et à rationaliser les opérations au sein des partenaires de vente au détail de SoftPoint.
L'intégration mettra en œuvre la technologie de reconnaissance faciale pour l'authentification des paiements, conçue pour réduire les transactions frauduleuses en utilisant des identités faciales uniques difficiles à reproduire. Le réseau de SoftPointPay couvre plusieurs secteurs, y compris les banques, la restauration, le commerce de détail, les magasins de proximité et les lieux d'événements.
Ha McNeill, VP de l'identité numérique chez BigBear.ai, a souligné l'objectif du partenariat de fixer de nouvelles normes en matière de sécurité et de commodité grâce au traitement des paiements biométriques. Le PDG de SoftPoint, Christian Rivadalla, a mis en avant le choix de la technologie de BigBear.ai comme l'une des solutions de reconnaissance faciale les plus avancées disponibles.
BigBear.ai (NYSE: BBAI) hat eine Partnerschaft mit SoftPoint angekündigt, um seine Trueface-Gesichtserkennungslösungen in das Zahlungstransaktionsnetzwerk von SoftPointPay zu integrieren. Die Zusammenarbeit zielt darauf ab, die Sicherheit zu erhöhen und die Abläufe bei den Einzelhandelspartnern von SoftPoint zu optimieren.
Die Integration wird Gesichtserkennungstechnologie zur Zahlungsauthentifizierung implementieren, die darauf ausgelegt ist, betrügerische Transaktionen zu reduzieren, indem einzigartige Gesichtsinformationen genutzt werden, die schwer zu replizieren sind. Das Netzwerk von SoftPointPay erstreckt sich über mehrere Sektoren, darunter Banken, Gastronomie, Einzelhandel, Convenience-Stores und Veranstaltungsorte.
Ha McNeill, VP für digitale Identität bei BigBear.ai, betonte das Ziel der Partnerschaft, neue Standards in Bezug auf Sicherheit und Komfort durch biometrische Zahlungsabwicklung zu setzen. Der CEO von SoftPoint, Christian Rivadalla, hob die Auswahl der Technologie von BigBear.ai als eine der fortschrittlichsten Gesichtserkennungslösungen hervor, die verfügbar sind.
- Strategic partnership with SoftPoint expands BBAI's presence in the payment processing sector
- Technology implementation across multiple market segments (banks, retail, dining, venues)
- Enhanced security features address growing fraud prevention needs
- None.
Insights
This strategic partnership marks a pivotal expansion for BigBear.ai beyond its core defense and national security markets into the high-growth commercial payments sector. The integration of Trueface facial biometrics into SoftPointPay's network represents more than just a new client win - it's a significant validation of BBAI's commercial viability in the $18.6 billion biometric payment market.
The partnership's strategic value stems from three key factors: First, SoftPoint's diverse market presence across banking, retail, and hospitality sectors provides BBAI with immediate scale potential and recurring revenue opportunities. Second, the integration addresses growing demand for frictionless, secure payment authentication as traditional methods become increasingly vulnerable to sophisticated fraud. Third, this positions BBAI to capture market share in the rapidly expanding contactless payments space, where biometric authentication is becoming a important differentiator.
From a technological perspective, Trueface's selection by SoftPoint suggests superior performance in key metrics like accuracy and processing speed. The platform's ability to operate across diverse point-of-sale environments while maintaining security standards demonstrates robust scalability - a critical factor for widespread adoption.
However, investors should monitor several key metrics to evaluate this partnership's success: 1) Implementation timeline and merchant adoption rates 2) Transaction volume processed through the biometric system 3) Fraud reduction metrics compared to traditional payment methods. The partnership's true value will depend on SoftPoint's ability to drive merchant adoption and consumer acceptance of facial recognition payments.
SoftPointPay’s integration of BigBear.ai biometrics will provide businesses with advanced capabilities to enhance security, streamline operations, and elevate customer satisfaction in payment experiences.
“Our collaboration with SoftPoint represents an exciting opportunity to demonstrate the power of facial biometrics delivering accurate, reliable facial recognition capabilities across industries,” said Ha McNeill, Vice President of Digital Identity at BigBear.ai. “Together, we are setting new standards for security, innovation, and convenience by using biometrics in payment processing.”
BigBear.ai’s Trueface is the biometric matching solution powering the verification process for SoftPointPay’s point-of-sale platforms, transforming how businesses authenticate customer payments. Facial recognition technology can reduce the risk of fraudulent transactions as unique identities are difficult to replicate or steal.
“We are thrilled to partner with BigBear.ai to provide our clients with one of the most advanced and secure facial recognition matching solutions available,” said Christian “Riv” Rivadalla, CEO of SoftPoint. “BigBear.ai’s biometric technologies complement our payment solutions, enabling us to deliver unparalleled security and convenience to businesses and consumers worldwide.”
Integration of Trueface within SoftPointPay platforms will ensure authentication accuracy, protecting businesses and consumers against fraud, identity theft, and unauthorized access. Today, SoftPointPay operates across markets including banks, dining, retail, convenience stores, event venues, and more.
To learn more about Trueface, visit https://bigbear.ai. To learn more about SoftPointPay, visit www.softpointpay.com.
About BigBear.ai
BigBear.ai is a leading provider of AI-powered decision intelligence solutions and services for national security, defense, travel, trade, and enterprise. Customers and partners rely on BigBear.ai’s artificial intelligence and predictive analytics capabilities in highly complex, distributed, mission-based operating environments. Headquartered in
About SoftPoint
SoftPoint is a leading provider of innovative biometric and payment technology solutions, dedicated to simplifying and securing business operations through cutting-edge technology. With a comprehensive suite of solutions for payments, access control, age verification, and loyalty programs, SoftPoint is redefining convenience and security for businesses across the globe.
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FAQ
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