Authenticating customer IDs and credit cards
Jumio, an applied computer vision technology, is integrating its real-time ID authentication and credit card verification technology into a mobile application and development platform by mobile technology company, JMango, as part of a new partnership (view press release). Jumio’s solution will enable online merchants to authenticate customer IDs or verify their credit card with a camera scan using a mobile camera or computer webcam. The company claims that by asking customers to display their credit card or ID almost eliminates the risk of fraud and makes verification ‘secure, simple and seamless’ for the customer.
JMango’s role will involve enhancing and extending the reach of Jumio’s verification technology to mobile operating systems by integrating Jumio’s verification technology into the JMango mobile development platform. There are plans to release the first SDKs developed by JMango shortly. As part of the deal JMango will become a primary reseller of Jumio’s verification technology and expects to announce several new deals soon.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
