Payscout Announces World's First Donation Made in Virtual Reality

LOS ANGELES and LAS VEGAS, Jan. 9, 2018 /PRNewswire/ -- Payscout, Inc., one of the fastest-growing, privately held global payments processing providers in the U.S., announced at today's CES 2018 Digital Money Forum panel session that the first frictionless donation has been executed in virtual reality. The donation was made to the Jefferson Awards Foundation (JAF) within an immersive VR experience that features 360-degree video placing the viewer at the center of an awards ceremony honoring middle and high school-aged social entrepreneurs from the greater Los Angeles area. The entire experience, including the ability to donate to JAF without having to remove the VR headset, is contained within a mobile-based enterprise application that Payscout created for JAF.

"This is a landmark moment for both the non-profit and payments sectors," says Payscout COO Juan Sotelo, who made the donation to JAF within an immersive VR experience. "Virtual reality, like no other medium, places the viewer at the center of a story by fully immersing them in the experience. By integrating a payment component, we are opening the door for nonprofits to create these compelling emotional stories tied to frictionless donation capabilities."

The Jefferson Awards Foundation enterprise VR application features an integration with Visa Checkout, the online checkout service from Visa that enables millions of consumers to pay in just a few clicks on their web enabled devices with some of the world's top merchants.  With the integration of Visa Checkout, consumers can choose their dollar amount and execute a donation in VR without having to remove their headset.

Building an enterprise application for the Jefferson Awards Foundation, the nation's most prestigious and longest-standing organization dedicated to powering and celebrating public service, grew out of an expanding relationship between the two organizations.

"At Payscout, our Vision, Mission, and Cultural Attributes are all built on the belief that, 'every individual has a social responsibility to make the world a better place,'" said Sotelo. "We are proud of this moment, not only because it aligns with our Belief, but also because we are leveraging our core competency — frictionless payment processing — in a meaningful and impactful way."

About Payscout
Covering six continents, Payscout is a global payment processing provider connecting merchants and consumers via credit, debit, ATM, and alternative payment networks. The company's technology platform offers payment processing solutions for brick-and-mortar and ecommerce transactions, and gives merchants instant access to 100+ countries, billions of consumers and trillions of dollars. Payscout  has earned acclaim as a new-generation provider of merchant banking services, specializing in online/ecommerce retailers with a predominant proportion of card-not-present (CNP) transactions, including frictionless payments within immersive virtual reality experiences. For more information visit https://www.payscout.com/virtual-reality-vr-commerce

MEDIA CONTACT: Tealanie Baldwin, 510-387-0274, [email protected]

SOURCE Payscout, Inc.

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https://www.payscout.com