SOURCE: Jumio

Jumio

June 12, 2014 10:50 ET

Jumio Releases Netswipe for Mobile Web

Card Scanning Technology Improves Customer Experience and Increases Conversion Rates

PALO ALTO, CA--(Marketwired - Jun 12, 2014) - Jumio, Inc., the fast growing mobile credentials management company, today released Netswipe for Mobile Web, the next version of its award-winning Netswipe card scanning technology that is designed to improve the customer experience and increase conversion rates for purchases made on connected devices. Netswipe was previously available for native apps and desktop websites. Today's release expands Netswipe's availability to mobile websites, allowing customers on all platforms to benefit from a faster, easier way to input their credit card information.

"The quality of the mobile user experience is rapidly becoming the next battleground in the quest to attract and retain customers," said Jumio CEO Daniel Mattes. "Businesses who integrate Netswipe into their apps or mobile websites not only delight their customers, they also enjoy significantly higher conversion rates by eliminating the need for their customers to manually enter their credit card information on the checkout page. Netswipe for Mobile Web now expands that functionality to every platform used for payments."

Jumio's proprietary computer vision technology brings speed and ease-of-use to credit card entry and ID verification processes. By eliminating 60 seconds or more of key entry time from each transaction, conversion rates increase an average of 30 percent. Netswipe is developed to meet the needs of merchants, allowing them to control the user experience on the all-important checkout page, a key differentiator in the industry. Netswipe extracts all information from the front of a payment card, including the cardholder's name, 16-digit card number, and expiration date, leaving consumers only to enter their CVV code, taking entry time down to mere seconds.

Founded in 2010, Jumio pioneered credit card scanning, utilizing smartphone and desktop cameras to streamline the payment process. Netswipe works with seven different card types and is now available for mobile web for iOS and Android, as well as native apps, and desktop. It is a fully supported offering with client integration services, a client dashboard with metrics, access to card images for use in chargeback remediation, and continual upgrades that expand the feature set and card reading speed and accuracy. 

To learn more about Netswipe go to https://www.jumio.com/netswipe/.

About Jumio:
Jumio is a next-generation payments and ID software-as-a-service company that utilizes proprietary computer vision technology to reduce mobile/online payment and ID friction and fraud, while increasing revenue and customer satisfaction. The company's mission is to provide its clients with intuitive, consumer-facing technologies that make it possible to conduct a wide range of mobile transactions without a single keystroke. Half of the top 10 consumer internet companies, along with hundreds of other retailers, financial institutions, marketplaces, gaming companies and more have adopted Jumio products to enable their customers to efficiently speed through sign-up and checkout processes yielding not only higher completion rates but an improved customer experience. Jumio has received numerous innovation awards from leading industry associations and is listed on The Sharepost 100 as one of the world's most innovative and compelling private companies. 

Jumio 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, Jumio operates globally with offices in the US and Europe and processes credentials issued by over 100 countries. For more information, visit http://www.jumio.com/