Scanovate

About Scanovate

Scanovate develops and provides optical character recognition (OCR) solutions for the financial and mercantile sectors. The technology is designed to identify, detect, and extract almost any form of formatted textual data from documents in real time from any camera-enabled smartphone, tablet, or PC. Scanovate’s proprietary, streamlined, stand-alone mobile OCR component allows clients to drastically simplify their mobile bill payment and credit card transaction experience. Simultaneously, they generate new revenue streams from processing mobile-bill and invoice payments and from enabling clients to obtain higher mobile-commerce conversion rates. The multi-tiered, card-authentication solution also substantially reduces exposure to fraud and chargebacks.