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SimplyPayMe integrates Smart Engines’ AI-based OCR for credit and debit card scanning – IBS Intelligence

SimplyPayMe integrates Smart Engines’ AI-based OCR for credit and debit card scanning

By Joy Dumasia

Today

  • Credit Card
  • Debit Card
  • Europe

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 manually typing in numbers.

A customer needs to put the credit card in front of the device’s camera to perform payments. 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 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.

SimplyPayMe CEO Kent Vorland said: “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.”

Vladimir Arlazarov, CEO at Smart Engines, PhD, said: “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.”

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Source: https://ibsintelligence.com/ibsi-news/simplypayme-integrates-smart-engines-ai-based-ocr-for-credit-and-debit-card-scanning/

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