The global payments company, SimplyPayMe, has integrated a software product through Smart Code Engine for credit card scanning in their mobile app. The integration enables SimplyPayMe merchants to receive frictionless, contact-free card payments through a software-based Point-Of-Sale (POS) system without having to manually type in numbers.
Latest Fintech Insights: Workpay Partners With Kwara To Offer Streamlined HR & Payroll Services To SACCOs in Kenya
The SimplyPayMe platform has been specifically designed and engineered for SMEs, and enables seamless payments, invoicing and simple business management solutions, all through your smartphone as well as some of the lowest transaction fees and fastest settlement times in the market.
To perform payments, a customer simply needs to put the credit card in front of the device’s camera, the numbers will automatically scan, and all the necessary data will be entered in the payment form. Smart Engines OCR technology increases SimpyPayMe’s mobile app accessibility as the users are not obliged to look for a convenient angle or any special lighting conditions for better recognition. Smart Code Engine provides successful debit and credit card scanning even if cards are damaged or worn.
Smart Engines scientists develop Green AI-based OCR algorithms to capture data from credit cards issued according to the standards of VISA, MasterCard, Maestro, American Express, JCB, UnionPay, Diners Club, Discover, RuPay, Elo, Verve, VPay, Girocard, PagoBancomat, MyDebit, Troy, BC Card, Interac, Carte Bancaire, Dankort, MIR. GreenOCR® provides an automatic credit card scanning for cards of any type: embossed, indent, and flat printed, with horizontal or portrait layout, with digits printed on the front or backside.
Credit card scanning is also supported in the real-time video stream and on photos. The software performs all calculations on the user’s device, ensures the client’s data privacy, and does not distribute it to third-party services.
Browse The Complete News About Fintech : First Foundation Bank Launches New Mobile App with MXmobile, Simplifying the Way Clients Get Financial Insights
“We are excited to be working in partnership with Smart Engines. Their product allows us to enable and expand the services available to our SMEs and effectively offer a world-leading card scanning solution through our app. Our all-in-one business management solution with payments capabilities allows SMEs to save vital time and offers a quick and easy solution to combat existing challenges. We are proud to be using the fastest OCR solution in the market and look forward to seeing how this can help us to facilitate simplifying payments and business management for SMEs as we advance,” said SimplyPayMe CEO Kent Vorland.
“We are proud that our credit card scanning solution is becoming popular and helping more and more users to make payment transactions easily and securely. For us, cooperation with SimplyPayMe is an important confirmation that various financial organizations need high-quality and secure recognition technologies”, states Vladimir Arlazarov, CEO at Smart Engines, Ph.D.
Read More About Fintech News : LenDenClub Raises $10 Million in Series-A Funding; Hits Rs. 1200 Cr. Disbursement Within 6 Months
[To share your insights with us, please write to sghosh@martechseries.com]
