Earlier this month Equifax and Jumio have announced a partnership which will see mobile payments taken to a completely new level.
The goal of the partnership is to make mobile transactions easier and more secure. Now this isn’t a new industry issue, but with our new partnership with Equifax we have actually succeeded in achieving this goal.
Mobile payment friction has been a problem for a while, but Jumio’s recent research also showed that almost 47 percent of consumers have abandoned a mobile purchase specifically due to the difficulty of entering personal information and card data on a small device.
So how are we solving the problem? We can now conduct consumer identity verification, device authentication and payment card origination all in the same process in real time – and to date we are the only ones!
We’d be the first to agree that traditionally ID verification and payment authentication processes can be a little dry – but not when we’re involved. Combining the expertise of Jumio and Equifax will enable a wide range of mobile transactions to be done securely without even a single key stroke.
Zero click payments – you heard it here first!