SOURCE: Jumio Inc

Jumio Inc

July 18, 2012 06:00 ET

Jumio and JMango Launch Product Development and Reselling Partnership

Mobile Tech Company Integrates Jumio's Real Time ID Authentication and Credit Card Verification Technology Into Its Mobile Platform and Becomes Reseller of Jumio's Verification Technology

MOUNTAIN VIEW, CA--(Marketwire - Jul 18, 2012) - Jumio's scanning technology will be integrated into tech company JMango's mobile application and development platform as part of a new partnership.

Jumio's verification technology enables online merchants to instantly authenticate customer IDs or verify their credit card with a simple camera scan using a standard mobile camera or computer webcam. Requiring customers to display their actual credit card or ID virtually eliminates the risk of fraud and makes verification secure, simple and seamless for the customer.

As a technology partner, JMango will enhance and extend the reach of Jumio's verification technology to all major mobile operating systems by integrating Jumio's verification technology into the JMango mobile development platform. The first SDKs developed by JMango will also be released and available in a few short weeks.

JMango has also agreed to become a primary reseller of Jumio's verification technology and expects to announce several new deals shortly.

QUOTES
"It's a really elegant solution and one that fills a unique gap in the marketplace," says Ilan Oosting, Chief Executive Officer of JMango. "It simplifies a lot of the processes involved in making payments using your card and substantially reduces the friction points commonly associated with paying online or through your mobile device. This is a disruptive technology that will increase security, reduce processing time and enhance the user experience for our partners and end users."

"JMango's technology will be key in offering Jumio to a wider, global audience," says Daniel Mattes, Jumio Founder and CEO. "The speed, depth and scalability of the platform is what initially attracted us to JMango's platform and we expect this partnership to usher a new era for mobile payments as we draw from each other's technological innovations."

"We're working with Jumio to bring its technology to our users and clients," comments Duc Ngo, JMango's Chief Technical Officer. "This, in addition to the security features already implemented on our platform, will result in a very robust and secure system; security without the inconvenience commonly associated with it. It all lines up with our objective of making the mobile experience as seamless as possible for the end users."

ABOUT JUMIO
Jumio is an applied computer vision technology. With computer vision, devices are able to read and understand information out of an image, captured by a connected camera. Jumio's technology is designed to make everyday life easier, quicker, smoother. Jumio Inc. is headquartered in Mountain View, California and runs offices in Austria, India and Russia. The company was founded in 2010 by Daniel Mattes and employs around 50 people. Jumio has a total funding of $ 35.4 million to date. Jumio's advisory board includes Zain Khan, former Google executive, Mark Britto, former Amazon executive and Bjorn Evers, former gaming industry CEO. Facebook co-founder Eduardo Saverin and Scott Weiss, General Partner at Andreessen Horowitz, have seats on the board of directors. Ramneek Gupta, Managing Director at Citi Ventures, joined the board of directors as an observer. For more information, please visit www.jumio.com.

ABOUT JMANGO
JMango is an international mobile technology company that provides secure end to end mobile solutions. The proprietary JMango platform allows the rapid development and deployment of mobile solutions across all major operating systems; significantly reducing the software development lifecycle and costs associated with mobile development.

The JMango platform was first incubated in 2006 as part of the Deloitte Innovation program. Headquartered in Amsterdam, The Netherlands, JMango now employs over 70 employees with additional offices and representatives in Australia, Hong Kong, United States, United Arab Emirates, Philippines, Vietnam, Russia and Mexico.

For more information, please visit www.jmango.net.

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