Jumio soon to offer software-only mobile card processing

In a couple weeks, Jumio will start offering a software-only product for mobile credit card processing

Jumio plans to soon introduce a new kind of payment processing service that uses cellphones but doesn't require any additional hardware.

"We have created software that turns any smartphone with a simple download into a credit card terminal," said Daniel Mattes, CEO of Jumio, during the keynote on the final day of the CTIA Enterprise and Applications conference in San Diego.

Jumio already offers a service that lets online retailers accept credit card payments from users who hold their credit card in front of a webcam to make the payment. On Oct. 28, it will start distributing software that enables merchants in physical stores to process credit cards in a similar way but using a mobile phone instead of a computer.

A shop owner who uses the mobile Jumio app will download the software to their smartphone, which could be an iPhone, Android device or BlackBerry. When a customer presents a credit card, the shop owner launches the application and types in the purchase price and name of the item being bought.

The software then connects to Jumio's secure payment server and shows the image from the phone's camera. The shop owner aims the phone's camera at the credit card and the software identifies that it's valid. The shop owner must then enter the CVV code from the back of the credit card and the payment is complete.

Jumio uses computer vision technology to determine that a credit card is real, and not simply a high-quality photograph of one, Mattes said. The technology isn't taking a photograph of the card but an encrypted video stream that uses a computer vision algorithm with 3D analysis to identify that the object in front of the camera is plastic. It also analyzes holograms if there are any on the card, he said.

"We have very high accuracy that this really is a card," he said.

The service will compete with other mobile payment processing systems offered by companies including Square and Intuit. Those services, however, require users to plug a small piece of hardware into their phones that is used to swipe the magnetic stripe on the card. Jumio may attract users because it doesn't require any new hardware.

Nancy Gohring covers mobile phones and cloud computing for The IDG News Service. Follow Nancy on Twitter at @idgnancy. Nancy's e-mail address is Nancy_Gohring@idg.com

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags mobileDaniel MattesJumio

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Nancy Gohring

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Luke Hill


I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?