Today, we released our Mobile Software Development Kit. The released SDK allows developers to add credit card scanning capabilities to their app.

The Netswipe Mobile Software Development Kit is a fast and easy way to implement reliable credit card capturing into mobile apps. There is no need for extra hardware, and it is available for iOS. Android will follow soon.

Jumio is pumping $5 Million into Start-ups.

“We decided to give away our SDK with $5 Million worth of scanning fees to support young Start-ups and the developer community. Developers are invited to implement the solution to offer a strong feature in their apps.”, explains Daniel Mattes, Founder and CEO of Jumio Inc. Mattes on the motivation behind the developer fund: “Even though we are not a typical Start-up anymore we very much carry the spirit and want to support up and coming enterprises.”

“Have you ever tried typing in credit card details on a mobile phone? Our SDK is a fast and easy way to implement reliable credit card capturing into mobile apps. Users don’t have to type in their card details anymore, they just quickly scan their card.”

More on the Netswipe Mobile SDK can be found here.

Jumio, the fast-growing payment and online ID verification company, today announced an additional strategic Series B investment led by Citi Ventures, a unit of global financial services company Citi. The company also announced that Ramneek Gupta, Managing Director at Citi Ventures, joined Jumio’s board of directors as an observer. The size of Citi Ventures’ investment is not being disclosed.

Jumio has raised $35.4 million to date. Other Jumio investors include Andreessen Horowitz and Eduardo Saverin, co-founder of Facebook.

Jumio’s patent-pending Netswipe solution turns any camera on a desktop, laptop or mobile phone into a secure credit card reader, allowing merchants to easily and efficiently accept online and mobile payments. Netverify, built with the same patent-pending technology as Netswipe, turns any camera into an ID reader. It is an easy and innovative way for website owners to confirm a customer’s identity in real time.  Jumio launched Netswipe and Netverify last year and recently announced a string of customer deals covering transaction volume of $154 billion.

“We are proud to have the trust and confidence of a major global bank,” said Daniel Mattes, founder and CEO of Jumio. “Citi saw a lot of potential for Jumio to innovate in the payment space. We look forward to further collaboration with Citi from a business development perspective.”

“The Jumio team’s innovative solutions for remote authentication caught our attention as soon as we heard about them,” said Citi Ventures’ Ramneek Gupta. “We believe their solutions have the potential to help the online and mobile banking industry overcome key challenges related to fraud and identity theft.”

“Like Citi, Jumio is working to make remote payments easier and safer for both consumers and merchants,” added Christopher Kay, Global head of Ventures and Incubations at Citi Ventures, “and we are excited to work with the company in developing these leading-edge capabilities.”

Next up? We will be announcing additional commercial deals with customers in the US and Asia later this year.

Things are looking good for Jumio. With last year’s launch of Netswipe and Netverify, we are now able to report an impressive Q1/2012, and have set our eyes onto worldwide expansion.

“We are seeing tremendous interest from the industry, and we are in discussion with almost every significant payment service provider in the States and Europe”, says Jumio founder, Daniel Mattes. As of end of Q1, high profile payment service providers like TSYS, Braintree, Payvision, SafeCharge, Financial Transaction Services (FTS), ccBill, Cardflex and Wirecard have signed reseller and distribution agreements with Jumio. These partners are going to distribute Jumio’s products worldwide, totaling a processing volume of $154 billion. “Jumio’s approach is unique and will set the standard for the future. Partnering with Jumio will also raise our own profile”, explains Yuval Ziv, VP of Business Development at SafeCharge.

Of the staggering $700 billion e-commerce market in the US and Europe, 49% are considered high-risk. Serving this $346 billion industry, which includes segments like digital goods, travel, online retail, gaming and gambling, requires the highest possible level of security. Simplified user experience and heightened security are relevant, not only in high-risk markets, but for the success of any online business. Amongst Jumio’s more than 1700 customers are companies like Western Union, Click A Taxi, Toptal, ICP, Vera&John, Bets4all, Model Citizen Fund and Bitinstant.

Alongside busy business development, Jumio invests significant resources to continuously increase security. Jumio is working closely with research centers and universities all around the world. “Security is the backbone of our industry”, says Mattes. “Sophisticated technology behind any recognition solution is crucial to keep the level of trust we have gained from our customers and partners.” Jumio operates a 24/7 anti-fraud team to ensure secure and swift transactions for both merchants and customers.

Next up? Expanding into the fast-growing Asian market this year. Stay tuned.

On Wednesday we introduced Netverify, our latest addition to the Jumio product line, and revealed the VC behind the $25 Million investment, Andreessen Horowitz. We are impressed with the media reaction and are proud to list just a few snippets.

Tom Taulli at Forbes explains
How Jumio’s Daniel Mattes Raised $25 Million

Ina Fried at All Things Digital
Jumio Lands $25.5 Million in New Funding Led by Andreessen Horowitz

Darrell Etherington at BetaKit
Jumio Raises $25M, Turns Webcams Into ID Readers

Bloomberg‘s Danielle Kucera writes
Jumio Valuation Said to Be $100 Million After Andreessen Funding

Boonsri Dickinson at Business Insider asks you to
CHECK THIS OUT: Your Webcam Can Read Your ID Card To Verify Your Identity

Bill Klump at Daily Disruption,
Jumio Launches Netverify and Closes $25.5 Million Investment Led by Andreessen Horowitz

At FierceMobileContent, Jason Ankeny writes
Jumio launches Netverify, boosted by $25.5M Series B round

FinSMEs
Jumio Closes $25.5M Series B Funding

Dan Primack at Fortune,
Venture capital deals

Trevor Gilbert at PandoDaily,
Jumio Raises $25.5 Million

The Paypers
Jumio secures USD 25.5 mln in Series B funding round

Jonathan Marino at PEHub,
Jumio’s Great and Powerful Backer Revealed to be Andreessen Horowitz

Stephen E.F. Brown for San Francisco Business Times,
Jumio Raises $25 Million

Lisa Sibley for the Silicon Valley Business Journal,
Jumio raises $25.5M in Series B funds

SiliconTap writes
Jumio Lands $25.5M

Shane McGlaun at SlashGear,
Jumio lands $25 million to make web cams read IDs

TechCrunch has Leena Rao
Payments Company Jumio Raises $25.5M From Andreessen Horowitz; Will Hit $100M In 2012 Revenue

Bambi Francisco Roizen for Vator News,
Jumio backed by Andreessen Horowitz; targets $100M rev

Sean Ludwig at VentureBeat,
Jumio grabs $25M from Andreessen Horowitz to help merchants take credit cards via webcam

and from the Wall Street Journal
The Daily Start-Up: Andreessen Horowitz Backs Video Co. Jumio

Thank you very much for your continuing interest in Jumio. Stay tuned for more.

Big News.

Today we are announcing the close of $25.5 million in Series B funding.
Andreessen Horowitz led the round and General Partner Scott Weiss joined Jumio’s board of directors. Jumio’s earlier investors include Eduardo Saverin, co-founder of Facebook, TIBCO Software Inc., a global leader of enterprise software solutions and Peng T. Ong, board director at SingTel, founder of Match.com, Interwoven and Encentuate. Jumio was founded by Daniel Mattes in 2010 and has raised $32 million to date.

Jumio’s patent-pending Netswipe solution turns any webcam into a secure credit card reader, allowing merchants to easily and efficiently accept payments online, making it the first and only solution that enables online card-present transactions.  Additionally, Jumio offers a solution for mobile phones and tablets.
Jumio will use the new funding for team growth and product development.

Verifying a user online – Jumio introduces Netverify

Today we also unveiled Netverify, the company’s newest product for online merchants.
Built with the same patent-pending technology as Netswipe, Netverify turns any camera into an ID reader. It is the easiest way for website owners to confirm a customer’s identity in real time. Netverify eliminates the need for consumers to scan and fax copies of their ID. Instead, they simply hold their ID up to a camera (webcam, mobile phone, tablet), Netverify scans it and the merchant gets an instant verification.
Netverify is designed as a stand-alone tool when an online identification of a user is necessary or as back-up security measure in the sensitive online payment space. With Netverify users do not need any additional hardware.

“Netswipe has been very well-received in the market and Netverify is already making a difference for our customers. There is a real need for seamless, accurate and secure online payments and the possibility to identify a person online. Andreessen Horowitz’ confidence in and involvement with Jumio is a strong indicator of its potential for the market.” – Daniel Mattes, founder and CEO, Jumio.

“Daniel and the Jumio team understand the challenges facing online merchants when it comes to battling credit card and identity fraud because they’re dyed-in-the-wool entrepreneurs themselves and they have encountered the problems that Jumio aims to solve. Jumio’s technology is a huge leap forward for online payments with potential to transform even more industries.” – Scott Weiss, general partner, Andreessen Horowitz

“I am excited to be part of this company. Jumio’s approach is both technologically disruptive and user-friendly in a payments market which is desperate for consumer centric innovation.” – Eduardo Saverin, Facebook co-founder and director on the board of Jumio.

UK flagship The Times published a 20-page report on the future of payment today. Jumio is featured as one of the 10 hottest start-ups.

The promising start-ups on that exclusive list are seen as “operating in the right market at the right time, that could go on to eastiblish themselves as the Google and PayPal of tomorrow. [...] looking to make a big impression.”

We are working hard on leaving a lasting impression in the payment industry. Thanks for the mention, Times.

The day after we launched Netswipe we started working on improving and extending our service. We are proud to present a universal payment solution, the result of ongoing research, customer feedback and market observation. Our motivation was clear: Increase security, improve customer satisfaction.

Introducing Netswipe Form and the Netswipe Fraud Detection Suite!

Scanning the credit card with your webcam is revolutionary and it is what Netswipe stands for. Our new Netswipe Form now also allows the customer to type in credit card details the traditional way – neccessary when device or software restrictions don’t allow the use of a camera.

(Click to enlarge)

Secondly we developed an elaborate management tool that allows merchants to set security measures in the payment system, depending on transaction volume or behaviour. For example, if you want to ask for extra verification for more expensive purchases, you can now ask your customers to additionally scan their card. Or you can set a maximum number of transactions. Or limit the amount. Or restrict… well, the list goes on. We have defined seventeen different parameters that you can individually set. We are calling this the Netswipe Fraud Detection Suite.

We put extra information, including detailed implementation guides, on our website. Check out the new Netswipe today.

Last week Jumio founder and CEO, Daniel Mattes, followed an invitation to speak at the CTIA conference in San Diego.

Daniel used the prestigious event to introduce and demonstrate Jumio’s newest and as of yet finest product, Netswipe Mobile, in front of more than 2,000 attending guests and a global audience of more than 1mio people.

Netswipe Mobile is the first app that turns a phone into a card reader – a process that requires no extra hardware. Merchants will be able to accept credit card payments wherever and whenever they want to.

Netswipe Mobile will be available on the Jumio website and from app stores on Oct 28th. You can pre-order the app here.

Here are a few pretty good write-ups on the Netswipe Mobile presentation.

Venture Beat

ReadWriteWeb

PC World

InvoiceASAP Unveils First Fully Integrated Mobile Invoicing Platform Using Jumio Netswipe for Secure Online Payments
Fast, Feature Rich Platform Includes Media Attachments, Archiving and Integration With Major Accounting Programs to Instantly Define Mobile Invoicing Category

InvoiceASAP today introduced the first fully integrated Mobile Invoicing Network for the modern mobile workforce at both the small-to-medium (SMB) and enterprise business levels.

InvoiceASAP’s proprietary cloud-based invoice engine enables true on-the-fly mobile invoicing capabilities and seamlessly integrates Jumio’s Netswipe secure online payment technology to deliver the fastest invoice to payment experience. Users benefit from full backwards compatible read and write capabilities into multiple accounting systems and business platforms. The InvoiceASAP platform also features an industry first archiving and media tagging system that allows users to attach photos as supporting documentation, with geo tags and voice memos to launch soon. The platform is launching first on Apple iOS, with releases planned for Android and BlackBerry this fall.

“This completely changes the speed at which the game is played,” said Paul Hoeper, founder and CEO of InvoiceASAP. “We have revolutionized the process of mobile invoicing and account integration, while at the same time freeing customers from the hassle of manually entering credit card data for payments. Together, InvoiceASAP and Jumio give mobile professionals the fastest and easiest way to invoice customers and accept payment.”

How it works

InvoiceASAP is a free mobile application that will work instantly upon download. Users can create mobile invoices, estimates, sales orders and sales receipts on the fly that can be sent directly to a customer for viewing within a web browser. For a small monthly subscription upgrade of seven dollars, invoices can be customized, stored and integrated with accounting software and business platforms automatically.

The InvoiceASAP Mobile Invoicing Network is built upon the company’s cloud based invoicing engine. Subscribers use a web-based managed system to customize their invoices with logos and fields, manage email addresses, enable payment, and more. The website will also warehouse all documents and media attachments. Customers are directed to invoices and related media files on a hosted InvoiceASAP webpage where they can save the invoice, print it, or make a payment.

Online payments are fulfilled using Jumio Netswipe technology, which turns any webcam into a secure card reader. Customers briefly place their credit card in front of their computer’s webcam for secure scanning and streaming — no photos are taken and no data is stored on the computer. Payments through Jumio are recorded by the InvoiceASAP Invoice Delivery System and seamlessly integrated throughout backend accounting and business software systems.

“This is an incredibly easy and intuitive way to manage invoicing throughout an organization with complete synchronization from the salesperson in the field through accounting, all from a mobile device,” explained Hoeper. “The InvoiceASAP cloud based invoicing engine allows for infinite scalability as one of the earliest true enterprise level mobile applications.”

About InvoiceASAP
InvoiceASAP is a San Francisco and New Orleans-based provider of integrated invoicing solutions. InvoiceASAP enables the modern mobile workforce through the world’s first and only Mobile Invoicing Network. The company is also recognized for its pioneering work building proprietary software connectors that enable full integration and synchronization with the world’s leading accounting programs. Founded in 2010, the company is angel funded.