Fraud is one of the most common problems in business. It can have a big impact on your business, from a loss of money to damaged reputation. It’s important to know how to protect yourself, your employees and your customers from fraud.
One of the areas where APIs come of use is for fraud detection. APIs can be used to access information to help prevent fraud before it happens, or to help identify it after the fact.
Therefore, if you are looking for ways to protect your business and keep it clean, an API for the purpose is a great tool. Business owners request from developers to customize applications that -among other uses- can protect their transactions, so that their customers´ data are secure, as well as the company´s and its employees´. Developers choose a strong tool on which to develop software for their clients, and the most reliable one is Credit Card OCR API.
APIs have become an essential part of modern business. They allow businesses to connect with other systems and services in order to automate processes and improve customer experiences. There are a variety of APIs available that can help businesses protect themselves from fraud, but an OCR API can automatically identify text in images and documents, which can be used to help detect fraudulent activity. For example, an OCR API could be used to scan images of invoices or payment receipts for signs of fraud, as well as to check authenticity of a credit card without exposing the cardholder´s privacy.
There are a number of ways that an OCR API can help protect one´s business from fraud. First, by allowing you to automatically process payments, you can reduce the risk of fraudulent transactions. Second, by allowing you to automatically process applications, you can reduce the risk of fraudulent applicants. And third, by allowing you to automatically process invoices, you can reduce the risk of fraudulent invoice submissions.
While no system is 100% foolproof, an OCR API can help you keep your business safe from some of the most common forms of fraud, it`s a strong shield that will stave off tricks that can result in serious damage to all those involved in the transaction, but especially to customers, and consequently to the reputation of a business.
The Optical Character Recognition API is a tool that has gained great popularity in recent times due to its effectiveness and ease of use. This API allows to convert any image into text. This text can then be used for a variety of purposes; such as sorting information or creating reports. The Optical Character Recognition API works by first converting the image into text and then parsing this text into meaningful data points. This way you can extract sensitive information for the purpose. It allows businesses to process large amounts of data in a very short period of time. This is due to the fact that it does not require human intervention as its powered with AI and ML. It provides JSON responses which makes it readable, and extremely functional as it´s easily integrated into any software.
The Optical Character Recognition API has no limits when it comes to documents or images. It works with both common and uncommon formats like JPG and PNG files. Another great aspect of this OCR tool is that it works with most languages so no matter what language your company uses, you won’t have any trouble working with the API.
There are some precautions to keep cards safe: first use an OCR API to scan for potential risks on transactions before approving them; also verify that the customer’s billing address matches their shipping address before processing the transaction; likewise, verify that the customer’s contact information matches what is on file with their bank before processing the transaction. These tips can save businesses a lot of money and headaches by helping them avoid processing fraudulent transactions.
OCR APIs are especially useful for businesses that accept payments online or through mobile apps because they can help these businesses verify that payment information provided by customers is legitimate before processing the transaction. This powerful tool will help you quickly identify fraudulent transactions and stop them before they are processed.
To Start Using The Credit Card OCR API
If you already have a subscription on Zyla API Hub marketplace, just start using, connecting and managing APIs. Subscribe to Credit Card OCR API by simply clicking on the button “Start Free Trial”. Then meet the needed endpoint and simply provide the search reference. Make the API call by pressing the button “test endpoint” and see the results on display. The AI will process and retrieve an accurate report using this data.
Credit Card OCR API examines the input and processes the request using the resources available (AI and ML). In no time at all the application will retrieve an accurate response. The API has one endpoint to access the information where you insert the code for the product you need a review about.
If the input is :
“ https://assets.materialup.com/uploads/103ef1d5-4d2e-4d0a-8c48-1aab4656ca35/preview.png” in the endpoint, the response will look like this:
{
"code": "200",
"data": {
"errorCode": 0,
"ocr": {
"cardNumber": "1234 5578 9012 3456",
"category": "",
"name": " UFN",
"validState": 0,
"validThru": "01/80"
},
"position": {
"bottom": 964,
"left": 165,
"right": 1432,
"top": 208
},
"score": 1
},
"message": "SUCCESS"
}