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.
“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.”
“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.”
“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.”
“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.”