Payscout

Oracle Customer Viewpoint—Payscout

Virtual Payments

Payscout has launched a virtual reality commerce app to help merchants worldwide manage purchases made within immersive, digital shopping platforms.

Payscout logo
Highlights

HIGHLIGHTS

Intelligent Platform

Payscout uses the APIs within Oracle Financials Cloud to directly connect with banks and credit card networks, and then automate transactions, payments, and settlements in VR experiences such as video games or virtual shopping malls.

Payments VR
Vision

VISION

Moment of Intent

“VR commerce and machine-learning algorithms allow us to help merchants respond to subtle physical gestures at the exact moment when shoppers are most likely to make purchases.”

—Cleveland Brown, Founder and Chief Executive Officer, Payscout

Distributed Network

STRATEGY

Real-Time Processing

“The cloud infrastructure we have with Oracle allows us to process payments in real time, in every geography, and on any platform. This not only helps us grow globally, it also allows us to onboard more merchants and enable them to expand into international markets as well.”

—Juan Sotelo, Chief Operating Officer, Payscout

Transformation

TRANSFORMATION

Faster Flows

“Using Oracle Financials Cloud, Payscout can now compress transaction flows from the consumer’s purchase to the merchant’s payment receipt within minutes—down from weeks—without paying for or waiting on teams of payment specialists to manually process the transactions.”

—Juan Sotelo, Chief Operating Officer, Payscout

TECHNOLOGY

Payment Platform in the Cloud

Payment Platform in the Cloud

“Using Oracle Analytics Cloud, we’re teaching the payment app how to know what fraud looks like, and then develop a set of unsupervised algorithms that alert the company of any unusual or aberrant transaction activity by region, currency, or amount.”

—Alex Bordbar, Chief Technology Officer, Payscout

ROI

ROI

No Added Costs

“With Oracle Financials Cloud we can run and build API scripts that pull transaction data in real-time and automate the entire payment process. I knew that if I could automate this process, I could get the ROI I needed to roll out the system globally.”

—Juan Sotelo, Chief Operating Officer, Payscout