September 2013, Palo Alto, London & Malta – Jumio Inc., the fast growing online and mobile credentials management company, and WebSpace Commerce, today announced that Jumio has been selected as its technology partner to help sites running Magento reduce cart abandonment and increase checkout conversion.
WebSpace Commerce (WSC) is one of the leading developers and consultants for the global Magento open source ecommerce platform operated by 150,000 merchants. WSC will be working with Magento sites to implement Jumio’s Netswipe card scanning technology. Jumio’s Netswipe works as an integrated option in merchants’ checkout process to give shoppers a quicker checkout process by using their mobile device’s camera to scan their payment card instead of manually entering their information. By removing the payment friction inherent in card data entry, Jumio clients enjoy checkout conversion improvement of 20% or more.
“Mobile may well be the starting point for many shoppers but in general mobile is just not converting well enough. We have to think differently and create new ways to implement checkout and reduce payment friction for mobile devices. Jumio’s Netswipe is unique as it gives an innovative customer checkout experience and solves the abandonment problem that is building and building in m-commerce”, said Daniel Higgins, Managing Director at WSC.
“The latest research is showing that whilst 68%* of consumers are shopping via their mobile devices, 66%* of them are abandoning these transactions because of the mobile shopping experience. Jumio’s Netswipe turns a fiddly mobile checkout experience that takes on average a minute to key in card data and turns it into a slick 5 second checkout process. This is just one of the ways that merchants can reduce cart abandonment and make more revenue from their mobile channel”, said Bjorn Evers, Director at Jumio.
For immediate release:
Contact David Pope at Jumio: [email protected] or +44 7740 564 089
About Jumio
Utilising advanced computer vision technology. Jumio is a next generation credentials management company offering mobile & online payment and ID validation products designed to increase revenue by minimising friction in customer transactions whilst checking customer identity to help prevent fraud and meet Know Your Customer compliance requirements. Jumio’s products are widely used by leading retailers, marketplaces and financial institutions.
- Jumio’s Netswipe® enables merchants to easily integrate credit card scanning and validation into their mobile apps and websites. This results in increased revenue, reduced fraud and a superior customer experience than offered in traditional checkout pages.
- Jumio Netverify® is available for websites or mobile apps and supports real-time ID scanning and verification of passports, driver licenses and other documents to enable clients to 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.
About WebSpace Commerce
WebSpace Commerce (WSC) is a group of talented and experienced Magento developers & consultants, working across Europe bringing ecommerce expertise to merchants and agencies in the often complex world of ecommerce. WSC is led by MD, Daniel Higgins who is on the Magento Certification Advisory Board and shares the Magento team’s passion for high quality implementations.
About Magento
Magento offers flexible, scalable ecommerce solutions designed to help businesses grow and succeed online. The Magento platform is trusted by more than 150,000 businesses, including some of the world’s leading brands such as North Face, Nike and Paul Smith.
Magento offers a range of resources, support, and consulting services to help customers get the most from their Magento deployments, including education, training, and developer certification programs. The global community of partners and developers referred to as the “ecosystem” gives customers access to robust third-party extensions and certified professional integration help.
Magento is owned by eBay Inc., a global leader in commerce technology.