Jumio’s patent pending Netswipe solution turns any webcam into a secure credit card reader that allows merchants to more easily and efficiently accept payments online.“Jumio bridges the gap between the security and trust of credit card payments at the point of sale and the availability and convenience of modern day online transactions,” says Jumio founder and CEO Daniel Mattes.

“Consumers love the ease-of-use and the smooth experience associated with completing a transaction.

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Business owners can implement Jumio’s Netswipe service into their payment process to reduce fraud and increase sales due to a heightened user experience.“During our pilot phase, we have conducted a customer survey with a focus group who have used Netswipe.

Amongst other impressive numbers, the churn rate decreased significantly from 52% to 21%.“ (Mattes)With the launch, Jumio has introduced three products for merchants that simplify the online payment process: Netswipe Start, Netswipe Scanning and Netswipe Processing.

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