Last week, Jumio bravely ventured into the airline & travel industry’s Lions Den. Just like Dragons Den, Shark Tank, or Zwei Millionen, Zwei Minuten only without the TV cameras.
Organised by the travel industry’s payments & fraud prevention association, Airline information (AI), the Lions Den was part of the AI Fraud Symposium and was attended by airlines & online travel agencies from all over the world. And lying in wait for the pitching companies were the top executives from one of the worlds largest hotel chains (Hilton) and the world’s fifth largest online travel agency (Odigeo, the worlds fifth large online travel agency that pretty much dominates the whole of Western Europe).
So one of the Jumio execs strode up to the stage and told the story of how Jumio can help solve two key challenges that the travel industry is facing, card fraud and transaction abandonment. And we’re happy to report that Jumio won both the audience vote and the thumbs-up from the Lions.
To explain why Jumio won, it’s probably easiest to point to the results that Travelocity enjoyed when they implemented Netswipe, Jumio’s payment card scanning service…
With Netswipe integrated into their app, Travelocity customers are able to scan their card details using their device camera instead of typing the old fashioned way. The results? Five times as many customers completed the payment process instead of abandoning half way through. Travelocity also found that customers that scanned their card details were more engaged customers than those that typed in their card details, and that customers that scanned viewed two & a half times more pages. And of course, our clients using Netswipe can enjoy a 67% reduction in fraud chargebacks.
Thanks to the Lions & the audience for voting for Jumio!