PALO ALTO, CA--(Marketwire - Feb 19, 2013) - Jumio, Inc., the fast growing online and mobile identity verification and payment company, today announced that RentPaidOnline™, a service of EFX Financial Services Inc., has selected Jumio's Netswipe to make mobile rent payments easier than ever for tenants. By integrating Jumio's credit card scanning technology into its current online payment platform, RentPaidOnline now offers residents a faster, more secure way to pay rent to property managers.
"Our goal is to change the way both residents and property managers think about rental payments, giving tenants multiple ways to pay and helping landlords get paid on time," said Steven Foster, Chief Business Development Officer ~ EVP, RentPaidOnline. "By enabling residents to simply scan their credit card with their phone's camera, Jumio helps make paying rent simple, secure and painless."
Jumio's Netswipe offers consumers a first-of-its-kind option to pay rent on their mobile phones, through a secure technology that scans and validates credit card data without storing any sensitive personal information on phones. Tenants are able to pay rent in approximately 5 seconds, as compared with nearly a minute for manual entry, and the added convenience and security helps reduce fraudulent payments and speed rental collections for property managers.
"Until recently, consumers had very few options when it came to paying their rent beyond putting a check into snail mail and hoping it made it to the other end on time," said Marc Barach, chief marketing officer, Jumio. "RentPaidOnline gives tenants the option to make payments on-the-go both online and via a streamlined mobile experience. With Netswipe, RentPaidOnline customers can now make a payment in a matter of seconds, helping to further ease the worry around making another late rent payment."
In addition to enabling faster and more convenient payment processing, Jumio's technology immediately validates the consumer's credit card, serving as an integral part of its clients' fraud prevention processes. Jumio's solution is fully PCI compliant with 256 bit encryption in card data transmission. RentPaidOnline utilized Jumio's Netswipe Mobile SDK to incorporate this functionality into their mobile platform.
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.