Scanit Announces Launch of Digital Wallet to Improve Contactless Transactions

By AIT News Desk On Dec 17, 2020

Creators of DRV Code to Provide Contactless Payments from Distances of up to 20 Feet

Scanit, a new technology that can be used to read QR and Direct Response Video (DRV) codes from up to 60 feet away, announced the launch of its newly created digital wallet. A successful “proof of concept” technology, the digital wallet allows users to complete contactless transactions from distances up to 20 feet away.

Utilizing its patented technology in the United States, Japan and pending patent in Europe, Scanit is embedding the company’s exclusive DRV codes in the digital wallets, which can be scanned phone to phone, phone to ATM and phone to point-of-sales terminals. The digital wallets can support transactions with cash, credit or debit cards, and cryptocurrencies like Bitcoin.

Lightning AI Raises $50Million to Simplify and Scale AI Development For Enterprises and Developers

Nov 22, 2024

Teach Mode Is Here: rabbit Gives Consumers Power to Create Custom AI Agents

Nov 22, 2024

Lumina AI Welcomes Jason Sultz to Advisory Board to Strengthen AI and Advanced Compute Expertise

Nov 22, 2024

Prev Next 1 of 40,458

“We know contactless payments have quickly become a vital part of our world, and we are constantly working to provide people with safe and secure options to keep life moving forward,” said Scanit CEO and co-founder Wayne Steidle. “Our digital wallets are just the next step in that process, delivering a high level of transaction and storage security, using the DRV and encrypted technologies.”

Scanit’s technology works similarly to a traditional QR code reader, which focuses on print mediums. However, in addition to QR codes, it can also be used to scan Direct Response Video (DRV) codes, used in the digital wallets can also be found in digital media, like TV commercials, websites, digital signage, or point-of-sale terminals like drive-thrus. Combined with its ability to read these codes up to 60 feet away, Scanit offers businesses the opportunity to significantly expand their reach to consumers in a safe and convenient way.

“This addition to our services falls perfectly in-line with our mission to provide easy, scannable resources,” said Mark Lass, co- founder and COO of Scanit. “Social distancing is going to be a part of our society for the foreseeable future. We are happy to provide a contactless payment option that allows users to maintain the distances of up to 20 feet, more than three times farther than the recommended distancing measures.”