Jumio Partners with EFX Financial Services’ New RentPaidOnline Service with In-App Credit Card Scanning
Residents and Property Managers Can Now Leverage Secure Credit Card Scanning Technology to Make Rental Payments
Palo Alto, Calif. – Feb. 19, 2013 – Jumio, Inc., the fast growing online and mobile identity verification and payment company, today announced that RentPaidOnline™, a service of EFX Financial Services Inc., has selected Jumio’s Netswipe to make mobile rent payments easier than ever for tenants. By integrating Jumio’s credit card scanning technology into its current online payment platform, RentPaidOnline now offers residents a faster, more secure way to pay rent to property managers.
“Our goal is to change the way both residents and property managers think about rental payments, giving tenants multiple ways to pay and helping landlords get paid on time,” said Steven Foster, Chief Business Development Officer ~ EVP, RentPaidOnline. “By enabling residents to simply scan their credit card with their phones’ camera, Jumio helps make paying rent simple, secure and painless.”
Jumio’s Netswipe offers consumers a first-of-its-kind option to pay rent on their mobile phones, through a secure technology that scans and validates credit card data without storing any sensitive personal information on phones. Tenants are able to pay rent in approximately 5 seconds, as compared with nearly a minute for manual entry, and the added convenience and security helps reduce fraudulent payments and speed rental collections for property managers.
“Until recently, consumers had very few options when it came to paying their rent beyond putting a check into snail mail and hoping it made it to the other end on time,” said Marc Barach, chief marketing officer, Jumio. “RentPaidOnline gives tenants the option to make payments on-the-go both online and via a streamlined mobile experience. With Netswipe, RentPaidOnline customers can now make a payment in a matter of seconds, helping to further ease the worry around making another late rent payment.”
In addition to enabling faster and more convenient payment processing, Jumio’s technology immediately validates the consumer’s credit card, serving as an integral part of its clients’ fraud prevention processes. Jumio’s solution is fully PCI compliant with 256 bit encryption in card data transmission. RentPaidOnline utilized Jumio’s Netswipe Mobile SDK to incorporate this functionality into their mobile platform.