The number recognition technology detects and scans the digits from a customer’s plastic credit or debit card. When held in a smartphone or tablet camera’s field-of-view, the card number is read, encrypted, tokenized and transmitted to the appropriate payment processors. The app takes no picture of the card and no card or primary account number information is ever stored on the device.
Since the technology does not read a card’s magnetic stripe or EMV chip, each payment is designated as a card-not-present (CNP) transaction. Tantrum Street is also PCI DSS 2.0 Level 1 compliant.
Tantrum Street also uses its number recognition technology in Skip Wallet, its recently announced cloud-based digital wallet. Tantrum plans to make this technology available as a software development kit (SDK) to companies and developers for use in their own apps.
In recent news, Tantrum Street has launched Skip Wallet, a cloud-based app that allows consumers to load credit, debit and gift card information, as well as rewards card details, onto one platform, creating a ‘digital wallet’ that enhances the purchase, return and budget-tracking process.
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