SOURCE: Jumio

Jumio

December 07, 2012 09:00 ET

Jumio Makes Online Verification and Payments Fast, Easy and Fraud-Free for Numerous New Web and Mobile Startups and Platforms Across Europe

Company Announces Over 20 New Customers in US and Europe, Accelerating Worldwide Growth

PALO ALTO, CA--(Marketwire - Dec 7, 2012) - Jumio, Inc., the online and mobile payments and ID verification company, today announced over 20 European and US-based companies, including EntroPay and Youwin, have signed on in the first half of Q4 to integrate Jumio's Netswipe® and Netverify™ products. These innovative companies have joined many well-established businesses such as Travelocity and Western Union in using Jumio's computer vision technology solutions. Jumio's new customers are domiciled in both Europe and the United States.

Jumio's Netswipe is designed to increase conversion rates in mobile app checkout pages with imbedded credit card scanning and validation, eliminating the need for laborious and error-prone key entry and enabling increased revenue, less fraud and reduced chargeback costs. Netverify provides real-time ID verification to enable customers from over 60 countries to conveniently meet KYC and ID requirements for account registrations, large purchases, establishing online community trust and safety, or other business purposes.

"Real-time ID verification is key to enabling businesses to better know their customers, and Jumio's Netverify is the most comprehensive solution we've come across," said John Overett, CEO of Youwin. "We selected Jumio to offer a better validation experience to our users that in turn helps us drive higher customer conversions."

New European customers utilizing Jumio Netverify include:

  • Allied Financial Strategies, a financial planner and reseller of financial services; will also be utilizing Jumio Netswipe Mobile
  • Skimm, a mobile payment solution startup
  • Yobetit, the world's first arbitrage bookmaker
  • Youwin, a global online gambling platform

New customers leveraging Jumio Netswipe include:

  • Drinksquare, an app to share, rate, buy and offer any kind of drinks -- wherever you are
  • Ever Adventure, a social gambling platform
  • EntroPay (Ixaris), a global payment network
  • GB Premium Financial Services, a financial planner and reseller of services

Netswipe is implemented using Jumio's Mobile SDK, and integration into any mobile app takes less than 30 minutes.

"We selected Jumio as a complement to our payment platform in order to provide the most well-rounded solution to our clients," said Mark Anthony Spiteri, Product Manager of EntroPay. "Jumio offers the easiest, most secure scanning solution available today ensuring that the physical card is used for transactions."

Jumio has also secured numerous new United States-based clients that are implementing Jumio Netswipe Mobile and Jumio Netverify into their products, including BAM Software and Services, Eborhood, Gyft, FoodRun, InstaArt Studio and others.

"The European market is catching up with the US as businesses and consumers alike have recognized the need for sites and apps that make ID verification and payment both easy and safe," said Daniel Mattes, founder and CEO of Jumio. "Some of the web's leading startups have adopted Jumio to offer their customers the most personalized, convenient and safe way to verify their identities and make purchases online."

Jumio is currently expanding the European sales team in London and Berlin.

About Jumio
Jumio® Inc. offers next generation online and mobile credit card payments validation and ID verification products for retailers, financial institutions and governmental agencies. Designed to increase revenue, reduce fraud, and streamline customer experiences, Jumio utilizes patent-pending computer vision technology to validate and facilitate transactions while providing unprecedented levels of consumer convenience and data security.

Jumio's Netswipe® enables customers to scan their cards in online and mobile checkout resulting in increased revenue and reduced fraud for the merchants. Netverify™ supports real-time ID verification in over 60 countries to help clients meet a variety of know-your-customer requirements. The company was founded in 2010 by CEO Daniel Mattes and is backed by top tier investors including Andreessen Horowitz, Citi Ventures and Facebook Co-Founder, Eduardo Saverin. Headquartered in Palo Alto, California Jumio operates globally with offices in the US, Europe and Asia.

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