Dyneti Technologies offers DyScan, a credit card scanning software library that integrates in under one hour and scans all card formats with over 90% reduction in payment input time. The technology significantly decreases fraud by verifying the physical presence of a card, achieving a 95% reduction in fraudulent transactions.
Funding
$2.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Online payment processes often involve manual credit card entry, which is time-consuming and prone to errors, leading to user frustration and cart abandonment. Existing solutions may not accurately capture data from all card types, especially those with unconventional designs, and are vulnerable to fraudulent transactions due to the lack of physical card verification.
Solution
Dyneti Technologies offers DyScan, a software library that enables mobile applications to quickly and accurately scan credit card information using a smartphone camera. DyScan leverages deep learning to extract data from any credit card format, including embossed, flat, and vertical cards, regardless of lighting or network conditions. The solution verifies the physical presence of the card during the scanning process, significantly reducing fraudulent transactions. DyScan integrates directly into existing payment flows, streamlining the checkout process and improving conversion rates.
Target Audience
DyScan is designed for e-commerce businesses, mobile application developers, and payment processors seeking to streamline the checkout process, reduce fraud, and improve the user experience for mobile payments.
Features
- Credit card scanning via smartphone camera using advanced deep learning algorithms
- Support for 100% of credit card formats, including cards with flat numbers, numbers on the back, embossed numbers and vertical cards
- Real-time verification of the physical presence of the card to prevent fraud
- Compressed SDK with a small binary size (less than 1.0MB on iOS and Android)
- Customizable UI for seamless integration into existing application designs
- PCI compliant design ensures no cardholder data is stored or transmitted