back Back

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

By Joy Dumasia

December 13, 2021

  • Credit Card
  • Debit Card
  • Europe
Share

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.”

Previous Article

December 13, 2021

Tavant partners with LogRocket to expand data and analytics capabilities of VΞLOX lending platform

Read More
Next Article

December 13, 2021

TruBoard Partners announces partnership with Biz2X

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Credit Card

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 19, 2024

Cashflows partners with National Association of Funeral Directors

Read More

April 19, 2024

Ant International set to create digital business centre in Malaysia

Read More

April 19, 2024

Opn appoints Vaden Landers as President and CEO of MerchantE

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023