LOS ANGELES, May 19, 2020 — https://www.payscout.com/" target="_blank">Payscout LLC, an Inc. 500 online payments and merchant processing company, announced today that it has transferred its XR payments division to CyberDyme, Inc., a newly formed company. CyberDyme foresees XR as the next disruptive computing platform, similar to how e-commerce and m-commerce expanded consumer purchasing channels. CyberDyme develops software for XR by integrating new shopping experiences and frictionless payment technologies with existing enterprise retail and order processing platforms.
CyberDyme is the first company in the world to launch a live application that enables consumers to view, shop, and pay while immersed in Virtual Reality (VRcommerce). CyberDyme’s tools enable enterprise businesses to better connect with consumers, expand their audiences, and increase customer conversions through immersive storytelling. Merchants can utilize CyberDyme’s cost-effective modular VRshopping solution to display product content, manage real-time inventory, integrate card-brand payment wallets, and checkout with a simplified yet secure commerce system.
The Company began the development of its XR payments platform in 2017 and supports both traditional credit cards and new payment technologies, such as next-generation Visa Token Services (VTS) and direct integration with UnionPay International’s (UPI) SecurePlus platform, with access to over 7 billion cardholders around the world.
— Juan Sotelo, CyberDyme President and Co-Founder
“Payscout was so impressed with expansion and collaboration with Fortune 500 companies such as VISA and Accenture that the board felt it warranted a spin-off into CyberDyme. Payscout believes CyberDyme is positioned to drive the next biggest technological advance in commerce,” said Cleveland Brown, CEO of Payscout. “CyberDyme’s focus will position them to build a suite of products that will transform commerce and the consumer buying experience.”