Jumio’s Netverify® Combined with IDology’s ExpectID® Significantly Speeds ID Validation Process and Prevents Fraud
Jumio, Inc., the fast growing online and mobile credentials management company, today announced a partnership with IDology, a provider of real-time technology solutions that verify an individual’s identity and age for anyone conducting business in a customer-not-present environment. Now, customers using IDology’s ExpectID® solution combined with Jumio’s Netverify, can scan and review a government-issued photo ID and verify identity attributes in tandem, ensuring transactions move forward more quickly and with more confidence.
Through Netverify and the camera on a computer or smartphone, users can now scan an image of their government-issued photo ID as part of the verification process. Once the ID is verified, ExpectID then correlates the data to application input as well as performs additional reviews such as deceased and Office of Foreign Assets Control (OFAC) checks. Through this partnership, Jumio and IDology customers not only replace the need for costly, labor-intensive document review processes, but also gain better insight into potential risks associated with an identity.
“IDology and Jumio share the same goal – to make identity verification easy for businesses while simultaneously making that process seamless and without hassle for the customer,” said Daniel Mattes, Founder and CEO, Jumio. “Through this partnership with IDology, organizations can further streamline the identity verification process for businesses in gaming, financial services, payments and more while helping them better know and protect their customers.”
IDology and Jumio 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 more than 113 countries.
“Our partnership with Jumio allows us to further streamline the end-to-end process of customer authentication, allowing a business to make an informed decision on how to move forward with a customer,” said John Dancu, CEO of IDology, Inc. “Ultimately this not only results in time saved but also money as we enable companies to increase customer acquisition while combating fraud.”
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 and services so their customers may efficiently speed through sign-up and checkout processes with higher completion rates and satisfaction. 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 www.jumio.com
About IDology, Inc.
IDology, Inc. provides innovative technology solutions that verify an individual’s identity and/or age for organizations operating in a customer-not-present environment. The IDology platform serves as a collaborative hub for monitoring and stopping fraudulent activity across the entire network while also driving revenue, decreasing costs and meeting compliance regulations. Founded in 2003, IDology offers a solution-driven approach to identity verification and fraud prevention, providing streamlined processes that ultimately help increase customer acquisition and improve the overall customer experience. IDology has developed an on-demand technology platform that allows customers to control the entire proofing process and provides the flexibility to make configuration changes that are deployed automatically – without having to rely on internal IT resources or IDology’s customer service – so customers can stay ahead of the fraud landscape while also maintaining compliance. For more information, visit www.IDology.com or call 866-520-1234866-520-1234.