Imagine walking into a store, picking up what you want, and paying by simply hovering your hand over a scanner. No wallet. No phone. No PIN.
This is the new reality of biometric payments, and while customers are loving the speed and convenience, it’s creating a new headache for sales teams: how to keep commission tracking just as fast, accurate, and transparent.
The Biometric Payment Revolution is Here
Major players like Visa and Tencent have jointly launched “Pay-by-Palm” initiatives, while Ingenico and Fujitsu Frontech North America have launched biometric payment solutions based on palm vein identification. The technology works by measuring the dynamic flow of hemoglobin in your veins, making it an incredibly secure method that can’t be fooled by photos or static images.
The palm payment technology market is expanding globally across retail, banking, healthcare, and hospitality sectors, driven by advances in AI and rising demand for touchless payments. For sales teams operating in these sectors, this means transaction volumes are set to increase dramatically, but with increased complexity in tracking individual performance.
The Hidden Challenge: Commission Tracking in a Biometric World
As biometric payments streamline the customer experience, they create a new challenge for sales organizations: how do you accurately track and attribute sales when transactions happen at lightning speed across multiple touchpoints?
Consider these scenarios emerging in biometric-enabled environments:
Retail Sales Teams: When customers can complete purchases with a simple palm scan, sales associates need real-time visibility into their commission earnings as transactions flow through at unprecedented speeds.
Payment Processing Partners: Companies selling biometric payment solutions to merchants need sophisticated commission structures that can handle residual payments, MID splits, and complex partner arrangements.
Financial Services: As biometric authentication becomes standard, sales teams selling these solutions need transparent tracking of recurring commissions and performance-based incentives.
The challenge isn’t just speed—it’s accuracy and transparency in an increasingly complex commission landscape.
Where Traditional Commission Systems Fall Short
Legacy commission tracking systems weren’t built for the biometric payment era. They struggle with:
- Real-time transaction processing at the scale biometric payments enable
- Complex attribution models when multiple team members contribute to biometric system implementations
- Residual commission tracking for ongoing biometric service contracts
- Multi-level partner splits common in payment processing relationships
- Historical data management as businesses transition from traditional to biometric payments
How Commissionly Bridges the Gap
This is where Commissionly’s business commission software built to automate workflows and drive sales performance becomes essential. As biometric payments accelerate transaction speeds and volumes, Commissionly ensures your commission tracking keeps pace.
Real-Time Commission Visibility
Commissionly’s fully automated payments industry commission software saves time and eliminates errors, providing sales teams with instant visibility into their earnings as biometric transactions process. When a customer completes a palm payment, your sales team can see their commission impact immediately.
Sophisticated Split Management
With Commissionly, you can create commission based on revenue or calculate it based on profit, with complex structures whether they are flat or tiered, revenue, profit or product based. This flexibility is crucial for biometric payment businesses that often involve:
- Equipment sales commissions
- Software licensing residuals
- Implementation service fees
- Ongoing support contracts
Seamless Historical Data Integration
Import all historical carrier residual reports and access commission history via your dashboard, with simplified data importing using Residual Import Templates. As businesses transition from traditional payment systems to biometric solutions, maintaining commission history continuity is critical.
Agent Transparency and Empowerment
Allowing agents to log in and access their commission and reports empowers them with transparency and instant feedback on their performance. In fast-paced biometric payment environments, this transparency drives performance and builds trust.
The Biometric-Commission Connection: A Real-World Example
Imagine a payment processing company implementing palm vein systems across retail chains:
Traditional Scenario: Manual tracking of equipment sales, installation fees, and ongoing processing residuals leads to delayed commission calculations and disputes.
With Commissionly: Automated split calculations ensure accuracy, save time, and eliminate manual errors, facilitating fair and transparent commission distribution. Sales reps see real-time updates as merchants begin processing biometric payments, with automatic residual calculations for ongoing revenue streams.
Ready for the Biometric Future?
The biometric payment revolution is transforming how customers pay, but it shouldn’t complicate how you compensate your sales teams. Whether you’re selling biometric payment solutions, implementing them for clients, or managing the complex commission structures they create, having the right commission tracking infrastructure is essential.
Commissionly provides Sales Commission Management to pay and motivate your salesforce, all tailored to meet the unique needs of your business. As biometric payments reshape commerce, ensure your commission tracking evolves with it.
The future is in your palm, and with Commissionly, so is accurate, transparent commission management.
Ready to see how Commissionly can streamline your commission tracking in the biometric payment era? Book a demo today and discover why leading companies trust Commissionly to automate their commission workflows.