14 December 2017
visit www.aciworldwide.com

Payscout debuts VR commerce

27 June 2017  |  5594 views  |  0 Google Cardboard

US processor Payscout has released an app which enables users to make payments for physical products in virtual reality via Google's Cardboard view finder.

Payscout VR Commerce features an integration with Visa Checkout (VCO), which allows users to register payment credentials within the digital wallet.

“This is a watershed moment in payments and VR,” says Payscout CEO Cleveland Brown, who announced the app during a panel on the monetisation of immersive content at Money20/20 EU. “We’ve seen many prototypes and simulations of VR shopping, but this is the first time anyone can experience real commerce in VR.”

Each member of the audience at the Money20/20 EU panel received a Google Cardboard boc displaying an immersive shopping trip around the site of Californian e-retailer Body Language Sportswear.

Once in the store, consumers can explore products interactively by rotating items, enlarging, and/or viewing in greater detail. The Payscout VR Commerce app also includes a menu-driven checkout, which confirms the user’s purchase and incorporates the payment credentials and shipping details residing on the phone’s digital wallet.

The Payscout VR Commerce app for Google Cardboard is now available in the Google Play Store, and the technology will be adapted for iOS and additional VR platforms soon, says the company.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BNP Paribas jumps into virtual reality

BNP Paribas jumps into virtual reality

30 May 2017  |  23042 views  |  0 comments | 23 tweets | 28 linkedin
Worldpay creates VR payments prototype

Worldpay creates VR payments prototype

25 May 2017  |  11399 views  |  1 comments | 14 tweets | 20 linkedin
MetLife opens virtual reality channel

MetLife opens virtual reality channel

21 December 2016  |  10050 views  |  0 comments | 10 tweets | 6 linkedin
Fidelity explores VR for finances

Fidelity explores VR for finances

07 December 2016  |  5029 views  |  0 comments | 6 tweets | 8 linkedin
ING harnesses virtual reality to promote Unicef partnership

ING harnesses virtual reality to promote Unicef partnership

21 November 2016  |  4256 views  |  0 comments | 3 tweets | 3 linkedin
Lloyds bends reality for graduate intake

Lloyds bends reality for graduate intake

13 October 2016  |  9244 views  |  0 comments | 12 tweets | 9 linkedin
CommBank uses virtual reality for kids financial education programme

CommBank uses virtual reality for kids financial education programme

10 October 2016  |  7493 views  |  0 comments | 11 tweets | 10 linkedin
Citi taps Microsoft HoloLens for virtual reality trading

Citi taps Microsoft HoloLens for virtual reality trading

07 April 2016  |  14921 views  |  0 comments | 27 tweets | 15 linkedin
Payment-enabled golf gloves and virtual reality shopping specs hit the PGA Tour

Payment-enabled golf gloves and virtual reality shopping specs hit the PGA Tour

16 March 2016  |  8131 views  |  0 comments | 12 tweets | 14 linkedin
Fidelity takes portfolios into virtual reality with Oculus Rift app

Fidelity takes portfolios into virtual reality with Oculus Rift app

19 November 2014  |  7138 views  |  2 comments | 6 tweets | 3 linkedin
Wells Fargo steps into Oculus Rift at new digital lab

Wells Fargo steps into Oculus Rift at new digital lab

01 October 2014  |  7985 views  |  0 comments | 11 tweets | 8 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.response.ncr.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12306 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9659 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8313 views comments | 17 tweets | 36 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7438 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7360 views comments | 20 tweets | 11 linkedin

Featured job

Find your next job