Travelocity Integrates Jumio's Card Scanning Technology Into New iPhone App -- Hotel Deals by lastminute.com

PALO ALTO, CA--(Marketwire - Oct 4, 2012) - Jumio, Inc., the fast growing online and mobile payments and ID verification company, today announced a new agreement with Travelocity, one of the largest travel companies in the world.

The new iPhone app from Travelocity -- Hotel Deals by lastminute.com -- helps travelers find great last minute deals on hotel rooms. The app incorporates Jumio's card scanning technology, Netswipe, in the checkout process, adding an extra layer of speed, convenience and security for consumers who wish to purchase discounted hotel rooms. Travelocity utilized Jumio's quick-to-implement Netswipe Mobile SDK to incorporate this functionality into the new app.

"Hotel Deals by lastminute.com is the first travel app to implement innovative credit card scanning technology that uses the iPhone's camera to read and enter the customer's credit card information. This saves on-the-go travelers the hassle of tapping in the numbers on a mobile device," said Jason Fulimines, head of mobile, Travelocity. "Consumers are offered the choice of entering their card information manually or simply tapping 'auto-scan credit card with camera' and holding their credit card up to the phone camera for automated data entry."

In addition, Jumio's technology validates the consumer's credit card which serves as an integral part of its clients' fraud prevention processes. Jumio's solution is fully PCI compliant and utilizes 128 bit encryption in card data transmission.

"Jumio and Travelocity recognize that the mobile consumer requires different, more streamlined experiences and functionality to conduct transactions than simply transferring the same processes from the big screen to the little screen," said Marc Barach, chief marketing officer, Jumio. "It takes nearly a minute for consumers to successfully enter their credit card data the conventional way and we're able to reduce that time by a factor of 10 to about five seconds. This acceleration not only creates a more satisfying user experience it also increases customer throughput at this critical point-of-sale moment."

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.