Jumio Named Best Mobile Solution at CNP Expo 2013
Recognized by its Partners and Customers, Jumio Takes Home Award at Influential Card Not Present Conference
PALO ALTO, Calif. – May 24, 2013 – Jumio, Inc., the fast growing online and mobile credentials management company, today announced that its credit card and identification scanning solutions have been recognized as CNP Customer’s Choice Best Mobile Solution. The award was presented at the CNP Expo, the conference dedicated to Card Not Present payments and the merchants, banks, processors, anti-fraud software providers and alternative payment providers that affect this rapidly growing industry. Jumio is joined by other notable honorees, including PayPal and First Data.
Jumio’s Netswipe and Netverify help to significantly raise transaction conversion rates by 20 percent due to the speed and convenience of its card swiping technology, which turns a smartphone camera into a card reader. Users scan an image of their IDs and credit cards to complete verification and payment processes, eliminating manual key entry and significantly reducing the time to verify identity or make a purchase on the web or mobile device.
“It’s a great honor to be recognized by our customers and partners, underscoring the value businesses find in integrating our solutions to make the customer verification and checkout process easier and more secure,” said Daniel Mattes, founder and CEO of Jumio. “Congratulations to all the winners who are all innovating to improve card not present transactions.”
At the 2013 CNP Expo, Jumio hosted and produced a video interview series on the show floor, featuring interviews with industry influencers from companies such as First Data, WhitePages, Glenbrook Partners, Shazam, and more. The video interviews will be featured at the www.cardnotpresent.com
“We’re impressed and happy to see the growth in this year’s Awards, especially in the number of international entries,” said Steve Casco, founder and president of CardNotPresent.com. “Overall, nominations have nearly doubled since last year. The CNP Awards are becoming the standard by which companies, programs and services around the world are being recognized and judged now and in the future.”
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.