London 15 July 2014 Jumio, Inc., the fast growing online and mobile credentials management company today announced that its Netswipe payment solution—which reduces payment friction by scanning, validating and extracting payment information in as little as five seconds—overcame sizeable competition to win a Mobile Innovation Award at a prestigious gala dinner at Grosvenor House, London.
“We are thrilled to be recognized at the first Mobile Innovation Awards for our mobile payments solution” said David Pope, European Marketing Director at Jumio Inc. “As expectations for speed, accuracy, and ease of use continue to rise, Jumio maintains its focus on bringing enhanced solutions to market that satisfy the needs of both the merchant and their customers.”
Comments from the Mobile Innovation Award judges outlined that the submission had shown Jumio to have taken existing processes and reinvented them from the ground floor up.
The Mobile Innovation Awards were launched in recognition of how mobile technology is changing every aspect of the way people do business and live their lives. The awards bring together payments and mobile industry leaders and policy makers together to recognise excellence in the use of mobile for commercial reasons in Europe, the Middle East and Africa.
David Pope continues, “These awards show just how important the mobile sector is becoming, not just in business but in our daily lives. Being recognised here shows that Jumio is making a real impact in the payments and mobile industries”.
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.
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