Jumio Launches New Netverify Features for Reliable Authentication and ID Scanning
Jumio, a credentials management company for online and mobile devices, announced a series of exciting updates to its successful ID authentication product, Netverify.
The ID scanning service is being used in over 120 countries worldwide for heightened verification when handling customer and client transactions.
Netverify supports a wide range of personal identification documents, such as passports, driver’s licenses, utility bills and bank statements. Capturing such IDs are done through a website or mobile device equipped with a scanning app.
Daniel Mattes, CEO of Jumio, said, “Continued instances of fraudulent transactions, hacks, and breaches have created the need for better ways to authenticate consumers.”
The release includes Enhanced ID Image Capturing Technology, which allows identification scanning from multiple angles. Businesses can expect more accurate readings, as well as higher scan acquisition and conversion rates with the new feature.
In addition to developments in image capturing, Netverify’s facial recognition components are also set to receive fresh updates. Liveness Detector will now be embedded in the product for increased sensitivity to movements during the camera scanning process.
The technology has been proven to help decrease risks associated with fraud, ensuring individuals are correctly verified under subpar conditions.
Other general upgrades to the service were highlighted in the official press release: “The Netverify update also boasts front-side optical character recognition, improved extraction of 2D Barcode Scanning for U.S. driver’s licenses, better blurriness detection, and an enhanced user interface.”
For merchant solutions, BAM Checkout can be used to lessen the friction associated with making purchases on smartphones.
“Our mission is twofold: to create a transaction environment that minimizes the likelihood of identity fraud and to improve the consumer experience while doing so,” mentioned Mattes.
Top-level investors currently funding Jumio include Andreessen Horowitz, Citi Ventures, and Facebook Co-Founder, Eduardo Saverin.