Jumio’s ID document verification service called Netverify is integrated into the Yobetit site so that Yobetit’s customers simply have to hold up their ID document to their webcam to be instantly verified for both customer identity and customer age.

“Yobetit’s sports arbitrage trading is a real game changer thanks to our innovative technology, speed of execution and unparalleled security” said Knut Emlén CEO at Yobetit. “We are delivering a unique experience to our clients and we want a secure, frictionless customer verification process. Jumio’s innovative approach to customer identity verification complements Yobetit’s position in the market.”

Michael Orlando, Chief Sales Officer at Jumio said “More and more sites are integrating Jumio and we’re finding that it’s not just due to regulatory requirements, but that gaming operators are enjoying the ease with which their customers can be taken through a frictionless KYC process”

“Yobetit’s sports arbitrage trading is a real game changer thanks to our innovative technology, speed of execution and unparalleled security” said Knut Emlén CEO at Yobetit.  “We are delivering a unique experience to our clients and we want a secure, frictionless customer verification process. Jumio’s innovative approach to customer identity verification complements Yobetit’s position in the market.”

Michael Orlando, Chief Sales Officer at Jumio said “More and more sites are integrating Jumio and we’re finding that it’s not just due to regulatory requirements, but that gaming operators are enjoying the ease with which their customers can be taken through a frictionless KYC process”.

Alan Alden, General Secretary at the Malta Remote Gaming Council, “It’s encouraging for the industry to see that Maltese operators such as Yobetit who offer sports betting under a Maltese License and Jumio as ID verification providers are not only making life easier for gaming operators and for their customers but are also facilitating compliance with strict regulations.”

About Jumio

Utilizing advanced computer vision technology, Jumio is a next generation credentials management company offering payments and ID scanning & validation products for mobile and web transactions. Designed to reduce fraud and increase revenue by minimizing friction in customer transactions, Jumio’s products integrate easily into mobile apps or websites and create great customer experiences. Jumio’s products are widely used by leading retailers, marketplaces and financial institutions.

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.

Press Contact:

David Pope at Jumio moc.oimujnull@sserp
moc.oimujnull@sserp

PALO ALTO, Calif. – May 9, 2013 – Results from the 2013 Mobile Consumer Insights study released today by Jumio, Inc. and conducted online by Harris Interactive® identify why shopping cart abandonment continues to be a major issue among consumers. While the majority of smartphone and tablet owners (68%) have attempted to make a purchase on their device, two-thirds (66%) failed to complete a transaction due to obstacles encountered during checkout. Though consumers favor the convenience of shopping on-the-go, a number of barriers – from  not being comfortable or feeling secure entering their credit card information to the checkout process being too difficult on their device – were cited as top reasons why respondents failed to complete a purchase on their smartphone or tablet.

This study was conducted online by Harris Interactive on behalf of Jumio, Inc. from March 22–26, 2013, among 2,130 U.S. online adults ages 18+.

Detailed findings from the Mobile Consumer Insights report include:

Cleanup at Checkout

Almost seven in 10 smartphone and tablet owners (68%) have attempted to make purchases on their device. However, problems during the payment process have forced two-thirds (66%) of that group to abandon their transactions. Nearly half (47%) said they failed to complete a purchase because the checkout process took too long.

Among those adults who failed to complete an attempted purchase on their smartphone or tablet…

• 41% said the checkout was too difficult on their device
• 23% said they failed to complete their purchase because it would not go through

Merchandising to Men
Women may be known for holding the purse strings, but when it comes to making a purchase on mobile devices, men are the most likely to pull out the credit card.

• 74% of men who are smartphone/tablet owners  have attempted to make a mobile purchase, compared to only 62% of women
• Younger men most often shop on their mobile device, with 86% of 18–34 year old men reporting they’ve tried to purchase something on their smartphone or tablet

Safety First
The majority of those respondents who failed to complete an attempted purchase on their smartphone/tablet said it was because they didn’t feel comfortable entering their credit card information (51%). Retailers may be missing the mark when it comes to communicating with customers about online security, and costing themselves heavily because of it.

• Women are more likely than men (56% vs. 47%) to say they didn’t feel secure entering their credit card information
• Age also plays a factor; 62% of those 55 or older have concerns over the security of their credit card information, as compared with 59% of those 45–54 and 45% of 18–34 year olds

“Consumers will continue to demand a simpler, more streamlined mobile payment process,” continued Mattes. “Until retailers address their important concerns – from providing faster checkout options to addressing the safety of credit card and account info – they’ll continue to see a large portion of their customers abandon their shopping carts instead of clicking ‘buy’.”

For more information on the findings, or to learn more about Jumio, the online verification and mobile payments platform company, go to: www.jumio.com/blog

Survey Methodology

This survey was conducted online within the United States by Harris Interactive on behalf of Jumio from March 22-March 26, 2013 among 2,130 adults ages 18 and older (of whom 1,261 are smartphone/tablet owners). This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact Jenny Davis.

About Jumio

Utilizing advanced computer vision technology, Jumio is a next generation credentials management company offering payments and ID scanning & validation products for mobile and web transactions.  Designed to reduce fraud and increase revenue by minimizing friction in customer transactions, Jumio’s products integrate easily into mobile apps or websites and create great customer experiences. Jumio’s products are widely used by leading retailers, marketplaces and financial institutions.

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.

Press Contact:

Jenny Davis
moc.mmocenildettodnull@ynnej
925–935-2558

The research found that while consumers are clearly interested in making purchases with their smartphones (68% have attempted a purchase in the past), they are encountering roadblocks during check out, with two-thirds (66%) failing to complete a transaction because of obstacles at the point of purchase. The biggest issues?

• 47% of respondents failed to complete a mobile purchase because checkout took too long
• 41% reported that it was too difficult to enter credit card information quickly or easily
• One in four respondents said they failed to complete their purchase because it would not go through on mobile

In addition, there are differences along gender and age lines around consumers’ comfort level entering secure credit card information on mobile devices.

Our take? We know that consumers will continue to demand an easy, streamlined mobile payment process, and that frustrations around mobile transactions are causing consumers to bail at check out.  Brands can’t afford to invest so much only to lose users at the finish line but until they address concerns around the safety of credit card information and the speed of the checkout process, they’ll continue to see a large portion of their customers abandoning their shopping carts.

→ Check out the press release with the full findings here…

- Netverify Web implementations must be upgraded to version 2.0. The client version 1.0 (“legacy client”) will cease being supported on August 1, 2013.

- New ID supported: Mexican Matricular card is now supported as ID for Netverify. You should check and add newly supported IDs in your Jumio merchant settings if you wish to accept them.

- Please whitelist the following IP addresses for callbacks, and use these to verify that the callback originated from Jumio: 50.57.26.240, 50.57.26.241, 50.57.26.248, 50.57.26.249. You can look up the IP addresses with the host name “callback.jumio.com”.

- We have added the parameter length of the callback fields in the Implementation Guide.

The Implementation Guide (version 2.0) can be found at the following link:
http://www.jumio.com/implementation-guides/netverify-web/

As always, if you have any questions, you are welcome to contact Jumio Customer Service at moc.oimujnull@troppus or https://support.jumio.com. We will be happy to help.

Using their computer cameras and Jumio’s Netverify, Airbnb users can now scan an image of their government-issued photo ID as part of the ID verification process. Jumio is currently integrated into the Airbnb web sign-up process, and will be launching on Airbnb’s mobile app in the near future.

“Airbnb and Jumio are great examples of companies who have applied new technologies and business processes to disrupt the old way of doing things in their respective spaces; lodging and authentication,” said Scott Weiss, partner, Andreessen Horowitz and Jumio board member. “It’s always exciting when two Andreessen Horowitz portfolio companies partner up to leverage each other’s innovations.”

“As collaborative consumption services like Airbnb continue to rapidly grow in popularity, it’s important that the marketplace owners create environments of transparency, community and trust,” said Daniel Mattes, CEO, Jumio. “With Verified Identification, Airbnb now gives a guest or host even more information about who they’re interacting with, built on a product that is fast and easy to use for both parties.”

Palo Alto, Calif. – May 1, 2013 – Jumio, Inc., the fast growing online and mobile credentials management company, today announced that Airbnb, the world’s leading marketplace for booking, discovering, and listing unique spaces around the world, has integrated Jumio’s Netverify into its new Verified Identification tool. Jumio powers the offline identification portion of Airbnb’s new tool, enabling users to quickly scan and verify their government-issued photo ID. The new product is designed to increase transparency and provide users in the Airbnb community with information that may be valuable to them in making their decisions.

Using their computer cameras and Netverify, Airbnb users can now scan an image of their government-issued photo ID as part of the ID verification process. Jumio is currently integrated into the Airbnb web sign-up process, and will be launching on Airbnb’s mobile app in the near future.

“Airbnb and Jumio are great examples of companies who have applied new technologies and business processes to disrupt the old way of doing things in their respective spaces; lodging and authentication,” said Scott Weiss, partner, Andreessen Horowitz and Jumio board member. “It’s always exciting when two Andreessen Horowitz portfolio companies partner up to leverage each other’s innovations.”

Jumio’s Netverify enables businesses with online and mobile distribution to meet KYC and ID verification requirements through real-time scanning, and validation of government-issued IDs from over 60 countries. Netverify also scans a range of other documents such as bank statements and utility bills used for address verification or other purposes.

“As collaborative consumption services like Airbnb continue to rapidly grow in popularity, it’s important that the marketplace owners create environments of transparency, community and trust,” said Daniel Mattes, CEO, Jumio. “With Verified Identification, Airbnb now gives a guest or host even more information about who they’re interacting with, built on a product that is fast and easy to use for both parties.”

Netverify is available for web sites and on iPhone and Android, enabling mobile applications to add ID and document scanning to their customer experiences.

For more information about Jumio Netverify, go to http://www.jumio.com/netverify.

About Jumio

Utilizing advanced computer vision technology, Jumio is a next generation credentials management company offering payments and ID scanning & validation products for mobile and web transactions. Designed to reduce fraud and increase revenue by minimizing friction in customer transactions, Jumio’s products integrate easily into mobile apps or websites and create great customer experiences. Jumio’s products are widely used by leading retailers, marketplaces and financial institutions.

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 and Europe.

Press Contact:

Jenny Davis
moc.mmocenildettodnull@ynnej
925–935-2558

Palo Alto, Calif. – April 25, 2013 – Jumio, Inc., the fast growing online and mobile identity verification and payment company, today announced that TransFast.com, a leading global money transfer company, has selected and integrated Jumio’s Netverify to enable more convenient and reliable ID verification for customers executing money transfers at TransFast.com. By integrating Jumio’s ID and document scanning and verification technology into its current customer authentication process, TransFast.com significantly increases protection against fraudulent electronic fund transfers on its platform. The integration also provides TransFast.com customers with a faster, more convenient way to verify their identities prior to executing a transfer.

“We have seen exponential growth of customers leveraging online services to execute transfers in recent years and, with that growth, comes greater risk of fraud. With Jumio, we can reduce the risk of fraudulent activity in an environment that’s simple and hassle free for users—it offers the best of both worlds,” said Roshan Polepalli, director of marketing at TransFast.com. “Jumio’s real time scanning technology enables us to more efficiently identify and authenticate customers in in real time, rather than hours or even days, saving us time and money and helping our customers get their transfers through when they need to.”

Jumio enables multiple methods of identification depending on lender requirements, offering an additional layer of risk protection for TransFast.com. In addition to customer verification via scanned ID cards, drivers licenses and passports from over 60 countries, TransFast.com is leveraging additional Jumio authentication capabilities — such as scanning bank statements and utility bills — to provide further protection for transfers deemed higher risk. This provides additional security to TransFast.com, without requiring multiple laborious steps from customers, such as faxing documentation or responding to lengthy security questions.

“Customer authentication is particularly important in the electronic funds transfer space, where both the risk and outcome of fraud is significant. It’s important that businesses leverage methods that help maintain the highest standards of fraud protection, yet are still consumer friendly so they don’t act as barriers to entry for customers using the service,” said Marc Barach, chief marketing and strategy officer, Jumio. “Netverify helps businesses like TransFast.com protect against the system compromises that enable fraudulent electronic funds transfers, while actually decreasing friction around ID verification for its customers at the same time.”

Jumio’s Netverify enables online and mobile businesses to meet KYC and ID verification requirements by confirming identity based on government issued IDs from more than 60 countries, as well as important personal documents like financial statements and bills. Using the camera on a smartphone or computer, consumers scan an image of the front and back of IDs and documents to complete the customer verification process within 60 seconds. Both the business and customer receive feedback if the ID is valid, thus allowing for the transaction to continue without delay. Customer data collected in the scan process is made available to the business in a manner that meets their business process needs. Netverify is available on for web sites and on iPhone and Android, enabling mobile applications to add ID and document scanning into mobile applications.

For more information about Jumio Netverify, go to http://www.jumio.com/netverify.

About Jumio

Utilizing advanced computer vision technology, Jumio is a next generation credentials management company offering payments and ID scanning & validation products for mobile and web transactions. Designed to reduce fraud and increase revenue by minimizing friction in customer transactions, Jumio’s products integrate easily into mobile apps or websites and create great customer experiences. Jumio’s products are widely used by leading retailers, marketplaces and financial institutions.

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.

Press Contact:

Jenny Davis
moc.mmocenildettodnull@ynnej
925–935-2558

We are happy to announce, that TransFast.com, a leading global money transfer company, has selected and integrated Jumio’s Netverify to enable more convenient and reliable ID verification for customers executing money transfers at TransFast.com. By integrating Jumio’s ID and document scanning and verification technology into its current customer authentication process, TransFast.com significantly increases protection against fraudulent electronic fund transfers on its platform. The integration also provides TransFast.com customers with a faster, more convenient way to verify their identities prior to executing a transfer.

“We have seen exponential growth of customers leveraging online services to execute transfers in recent years and, with that growth, comes greater risk of fraud. With Jumio, we can reduce the risk of fraudulent activity in an environment that’s simple and hassle free for users—it offers the best of both worlds,” said Roshan Polepalli, director of marketing at TransFast.com. “Jumio’s real time scanning technology enables us to more efficiently identify and authenticate customers in in real time, rather than hours or even days, saving us time and money and helping our customers get their transfers through when they need to.”

Jumio enables multiple methods of identification depending on lender requirements, offering an additional layer of risk protection for TransFast.com. In addition to customer verification via scanned ID cards, drivers licenses and passports from over 60 countries, TransFast.com is leveraging additional Jumio authentication capabilities — such as scanning bank statements and utility bills — to provide further protection for transfers deemed higher risk. This provides additional security to TransFast.com, without requiring multiple laborious steps from customers, such as faxing documentation or responding to lengthy security questions.

“Customer authentication is particularly important in the electronic funds transfer space, where both the risk and outcome of fraud is significant. It’s important that businesses leverage methods that help maintain the highest standards of fraud protection, yet are still consumer friendly so they don’t act as barriers to entry for customers using the service,” said Marc Barach, chief marketing and strategy officer, Jumio. “Netverify helps businesses like TransFast.com protect against the system compromises that enable fraudulent electronic funds transfers, while actually decreasing friction around ID verification for its customers at the same time.”

Jumio’s Netverify enables online and mobile businesses to meet KYC and ID verification requirements by confirming identity based on government issued IDs from more than 60 countries, as well as important personal documents like financial statements and bills. Using the camera on a smartphone or computer, consumers scan an image of the front and back of IDs and documents to complete the customer verification process within 60 seconds. Both the business and customer receive feedback if the ID is valid, thus allowing for the transaction to continue without delay. Customer data collected in the scan process is made available to the business in a manner that meets their business process needs. Netverify is available on for web sites and on iPhone and Android, enabling mobile applications to add ID and document scanning into mobile applications.

“We’re already experiencing good take-up of our computer vision scanning technology across a range of industries,” said Marc Barach, chief marketing and strategy officer, Jumio. “David’s experience in key Customer Not Present industries and his insight into Know Your Customer regulatory requirements will help spread the word about our real– time payment card and ID document verification offerings”

David joins from Experian Decision Analytics where he was UK Marketing Director and prior to that David was part of the management team at 192business, the leading ID verification and fraud prevention vendor which was acquired in 2011 by Experian.

“Jumio’s credentials scanning and validation technology solves one of the most thorny problems businesses face today – how to reduce payment and identity fraud without creating more friction for consumers,” said Pope. “Solving this problem is even more important as consumers are conducting more purchase and account registration transactions on their mobile devices than ever before. Jumio’s mobile solutions address this head on.”