JumioJumio is a next generation company that offers ID scanning and validation plus a payment processing for web transactions as well as for mobile. He process is designed to reduce fraud, to increase revenue for web based and mobile clients, the process minimizes customer transaction friction. The products easily integrate with mobile apps and website transactions to enhance the customers experience in the digital marketplace. Jumio's' products are utilized widely in many marketplaces, retailers and also financial institutions. The computer vision technology that is use by Jumio consists of two product lines: Netverify'® offers businesses and customers a real-time of ID verification that uses customers passports, government ID cards, drivers licenses, utility bills, bank statements, insurance cards, and has been utilize in over 90 countries worldwide.
Types of businesses that utilize this cutting edge technology
- Financial Institutions
- consumer market places
- It supports IOS and Android devices and any computer or laptop that has a webcam.
- Transaction completion rates are increased by more than 20%.
- Reduces charge-back and fraud transactions as customers present the actual credit card to complete any purchase.
- It is very fast and efficient, the scanning of the card take only 5 seconds, compared to a transactional key entry which takes about 60 seconds
Mobile app an Websites can enable Document and ID scanning:
- Compare a users live image to the scanned ID with Jumio's unique Face Match
- Saving in time and money
- Elimination of manual document handling
- Authentication of customers that meets industry regulation as well as internal policies
- Reduction of charge-backs and Fraud for purchase transactions
- User experience for customer an business that is easy for your customers and reflects well on your business.