npressfetimg-1044.png

Raiffeisenbank adds Smart Engines’ computer vision to mobile apps for QR code scans – Biometric Update

Users of Raiffeisen Online Russia’s mobile applications for Android can now use a QR code to make money transfers, pay for utilities, various receipts, bills, fines, and complete purchases after the bank added Smart Engines’ solution to its mobile applications.

A company announcement says the move will improve the quality of QR codes and barcode scanning for payment operations using the bank’s mobile applications, while ensuring high scanning precision either for non-standard or impaired QR codes.

Explaining how the computer vision system is used, the company says a user needs to focus the camera of their device on a QR code or select an image with a QR code from the gallery. From then, the code is scanned automatically, and all the required information needed for a payment or money transfer is automatically loaded into the payment form.

The introduction of Smart Engines’ technology to Raiffeisenbank apps for QR code scanning is an expansion of their partnership, under which the financial institution adopted passport scanning earlier this year, and furthers the bank’s innovation implementation strategy intended to enhance internal processes and increase environmental friendliness and compliance with the best social and corporate standards.

“Payment by QR makes purchases quick and contactless. This payment method is customer-friendly per se, but code recognition accuracy is vital for it to work correctly. Thanks to the integration of the Smart Engines scanner, our customers will be able to choose a QR payment method in Raiffeisen Online in any situation – even if the code is poorly lit or the user’s device is equipped with an insufficiently robust camera,” says Pavel Rubakhin, chief product officer and director of Mobile Banking at Raiffeisen bank.

“The implementation of QR code scanning technologies in mobile applications is a pleasant and effective collaboration with Smart Engines,” reacts Dr. Vladimir Arlazarov, CEO of Smart Engines. “The bank already uses the company’s software product for ID scanning in its branches. The up-to-date QR code scanner instantly extracts data and makes the payment process convenient. QR code payment is one of the key elements of modern remote customer service in mobile banking applications. And we are glad that Raiffeisenbank, a world-renowned bank, has chosen our software product to ensure high-quality barcode scanning in its mobile application.”

SimplyPayMe also recently integrated Smart Engines’ OCR solution into its mobile payment application.

Article Topics

banking  |  biometrics  |  computer vision technology  |  contactless  |  document reader  |  mobile app  |  optical character recognition  |  payments  |  Smart Engines

Source: https://www.biometricupdate.com/202112/raiffeisenbank-adds-smart-engines-computer-vision-to-mobile-apps-for-qr-code-scans

Leave a Reply

Your email address will not be published. Required fields are marked *

Releated

npressfetimg-3602.png

Red Bull set to announce Ford engine partnership deal with US car giant – BBC

Honda-powered Red Bull won both the drivers’ and constructors’ championships in 2022

Red Bull are poised to announce an engine partnership deal with US car giant Ford.

Ford will join forces with the team from 2026, part-funding the engine Red Bull are designing for the new regulations to be introduced that year.

The agreement is expected to be officially unveiled at Red Bull’s 2023 season launch in New York on Friday.

<p class="" data-reactid=".2f0mley4g…….

npressfetimg-3601.png

Ford set to announce F1 return with Red Bull engine deal – The Race

Red Bull and Ford are set to announce they will work together on a Formula 1 engine for 2026.

The widely rumoured collaboration will be announced on Friday, when Red Bull is set to reveal the livery for its 2023 car the RB19 at an event in New York.

Though not confirmed by either party, the news of a tie-up between Ford and the newly created Red Bull Powertrains engine division was mistakenly leaked in Italian media and is understood to be correct.

Ford has been interested in a potential F1 programme for several months, based around the 2026 engine regulations – which feature “100% sustainable fuels”, according to F1, and an increase in the electrical …….