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Jumio Partners With EFX Financial Services' New RentPaidOnline Service With In-App Credit Card Scanning
PALO ALTO, CA, Feb 19, 2013 (MARKETWIRE via COMTEX) --
Jumio, Inc., the fast growing online and mobile identity
verification and payment company, today announced that
RentPaidOnline(TM), 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 phone's 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.
About Jumio
Jumio(R) Inc. offers next generation online and mobile
credit card payments validation and ID verification products for
retailers, financial institutions and governmental agencies. Designed
to increase revenue, reduce fraud, and streamline customer
experiences, Jumio utilizes patent-pending computer vision technology
to validate and facilitate transactions while providing unprecedented
levels of consumer convenience and data security.
Jumio's Netswipe(R) enables customers to scan their cards in online
and mobile checkout resulting in increased revenue and reduced fraud
for the merchants. Netverify(TM) supports real-time ID verification
in over 60 countries to help clients 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, Europe and Asia.
Press Contact:
Jenny Davis
Email Contact
925-935-2558
SOURCE: Jumio
http://www2.marketwire.com/mw/emailprcntct id=5CFD5239886D3B75
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