Jumio
| Private | |
| Industry | Credentials management |
| Founded | 2010 |
| Headquarters | Palo Alto California, USA |
Key people | Daniel Mattes (CEO, Founder) |
| Website |
www |
Jumio is an online and mobile payments and identity verification company that provides ID scanning and validation products for mobile and web transactions.[1] The company provides card and ID scanning technology.[2]
History
The company was founded in 2010 by CEO Daniel Mattes and is backed by investors including Andreessen Horowitz,[3] Citi Ventures [4] and Facebook Co-Founder,[5] Eduardo Saverin.[6]
Daniel Mattes was inspired by a transaction problem he experienced during a French holiday, when he was unable to complete a transaction due to fraud control measures on a travel website. This experience built on prior fraud prevention verification protocol technology developed at Jajah.[7]
Jumio launched the Bitcoin Identity Security Open Network in March 2014, with the goal of bringing greater trust and confidence to the Bitcoin ecosystem.[8] The network is made up of Bitcoin exchanges, wallets, and ATM providers[9] and allows members to easily collect and verify buyer identities during mobile transactions.[10]
Operations
Headquartered in Palo Alto, Jumio operates globally with additional offices in Europe and Asia. Daniel Mattes is CEO.[11]
The company has three main products for businesses, Netverify, Netswipe and Fastfill:
- Netverify scans and validates customer passports, driver licenses and ID cards in real-time.[12]
- Netswipe technology scans a consumer’s credit card with a computer or phone camera so that the user doesn’t have to manually enter their credit card payment information.[13] By providing an extra layer of identity validation, the technology reduces fraudulent transactions for online retailers.[14]
- Fastfill, automates entry of a customer's personal information into mobile app forms.[15] Customers take a picture of their ID with their mobile device, and the information is then automatically extracted to populate forms, providing a way for consumers to open accounts and complete web registration forms.[16]
Clients include Travelocity,[17] Western Union[18] Airbnb,[19] and BitInstant.[20]
References
- ↑ Perez, Sarah. "Jumio Turns Webcams Into Credit Card Readers, on Desktop and Mobile". New York Times. Retrieved 12 November 2013.
- ↑ Wauters, Robin. "Jumio debuts real-time ID verification solution Netverify for Android apps". The Next Web. Retrieved 12 November 2013.
- ↑ Fried, Ina. "Jumio Lands $25.5 Million in New Funding Led by Andreessen Horowitz". All Things Digital. Retrieved 12 November 2013.
- ↑ VentureWire, VentureWire. "The Daily Start-Up: Jumio Adds Another Backer For Video Payments". Wall Street Journal. Retrieved 12 November 2013.
- ↑ DeLevett, Peter. "PayPal co-founder Levchin gets back into the startup game with Affirm". San Jose Mercury News. Retrieved 12 November 2013.
- ↑ Gross, Doug. "Facebook co-founder Saverin: I don't resent Zuckerberg". CNN. Retrieved 12 November 2013.
- ↑ Mattes, Daniel. "Founder Message". Jumio.com. Retrieved April 29, 2014.
- ↑ N/A, N/A. "Jumio creates Bitcoin security network". Mobile Payments Today. Retrieved 25 April 2014.
- ↑ Vigna, Paul. "BitBeat: Bitcoin, Stradivarius Make Beautiful Music Together". Wall Street Journal. Retrieved 25 April 2014.
- ↑ Perlroth, Nicole. "To Instill Love of Bitcoin, Backers Work to Make It Safe". New York Times. Retrieved 25 April 2014.
- ↑ Jumio June 13, 2013 8:00 AM (2013-06-13). "Bitcoin Purchase Platform BitInstant Integrates Jumio's Netverify to Speed Transactions and Reduce Fraud - Yahoo Finance". Finance.yahoo.com. Retrieved 2014-01-07.
- ↑ Perez, Sarah. "Jumio Brings Identity Verification To Mobile Apps – Just Hold Up Your ID To The Camera". TechCrunch. Retrieved 12 November 2013.
- ↑ Collazo, Jason. "Jumio's Netswipe, Unveiled". Forbes. Retrieved 12 November 2013.
- ↑ Carney, Michael. "Jumio bags 20 new identity and payment verification clients in US and Europe". PandoDaily. Retrieved 12 November 2013.
- ↑ N/A, N/A. "Jumio's Fastfill automates mobile form filling". Mobile Payments Today. Retrieved 1 April 2014.
- ↑ Hoffman, Karen. "Jumio Aims to Modernize Mobile Commerce with Camera Tech". PaymentsSource. Retrieved 1 April 2014.
- ↑ Perez, Sarah. "Jumio’s Credit Card Scanning Technology Pops Up in Travelocity’s Hotel Deals App". TechCrunch. Retrieved 12 November 2013.
- ↑ Wauters, Robin. "Jumio launches enhanced SDK to help iOS app makers take credit card payments more swiftly". The Next Web. Retrieved 12 November 2013.
- ↑ Geron, Tomio. "Airbnb Adds Identity Verification To End Anonymity In Sharing Economy". Forbes. Retrieved 12 November 2013.
- ↑ Jumio June 13, 2013 8:00 AM (2013-06-13). "Bitcoin Purchase Platform BitInstant Integrates Jumio's Netverify to Speed Transactions and Reduce Fraud - Yahoo Finance". Finance.yahoo.com. Retrieved 2014-01-07.