The Valorus fintech platform eliminates all credit card processing fees with a mobile wallet account. The customer authorizes transactions with a cellular phone by using a fingerprint, PIN, or facial recognition. Valorus has also integrated with NFC and vein-scanning technology, both of which allow customers to securely purchase goods and services.
This closed-loop system allows the merchant to collect the customer’s mobile wallet number and process transactions using a simple API suite. The results are greater security for customers, greater profits for merchants, and much faster transaction times.