Jumio has announced the launch of Jumio PORT, a new secure embedded wallet infrastructure designed to integrate with mobile OS utilities such as Apple Passbook, and the recently-launched Samsung Wallet.
With PORT, consumers can make one-click purchases and transactions requiring identity verification, without having to download a standalone wallet app, as is the case with most digital wallet offerings today. PORT builds upon the utility of Jumio’s Netswipe and Netverify products, leveraged today by leading online and mobile merchants to enable frictionless credit card and ID scanning and validation for seven types of credit cards and IDs issued by more than 90 countries. PORT will be available to merchants in late Q1 of 2014.
“Unlike today’s digital wallets that function solely for mobile payments, and require consumers to download individual merchant apps, PORT enables efficient transactions in both digital and real world environments, mirroring the full functionality of a traditional wallet,” says Jumio CEO Daniel Mattes. “The current absence of a comprehensive device-based wallet offering that is securely integrated into the merchant apps, at the point of transaction, is what has hindered mobile wallets from reaching the critical tipping point.”
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