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Table of Contents

Lead Story

CNP fraud: Evolving strategies for an evolving market

Patti Murphy

News

Industry Update

Farewell to Kenneth T. Elderts, respected leader and friend

Chip and PIN debate roils retail, payments sectors

EMV advances beyond compliance

Office Depot sues Delaware for audit overreach

Features

GS Advisory Board:
The state of mobile today - Part 3

Banks ripe for disruption

Jeff Thorness

Views

What's in your payment mix?

Dale S. Laszig
DSL Direct LLC

Wake up and certify more EMV terminals

Steven Feldshuh
Merchants

Bankers' issues are our issues

Brandes Elitch
CrossCheck Inc.

Education

Street SmartsSM:
Bid farewell to traditional job security

John Tucker
1st Capital Loans LLC

The good, the bad, and the payday loan

Brett Husak
National Bank Services

Going beyond data breach reporting in the United States

Fran Sachs and Lorie Schrameck
CSR Professional Services Inc.

Company Profile

TransPay Processing

New Products

Real-time ID scans to limit fraud, boost conversions

Netverify
Jumio Corp.

Free, cloud-based tablet POS

Zero POS
retailcloud

Inspiration

Embrace pauses during presentations

Departments

Letter from the editors

Readers Speak

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

August 22, 2016  •  Issue 16:08:02

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New Products

Real-time ID scans to limit fraud, boost conversions

Product: Netverify

Jumio Corp., a global technology provider based in Palo Alto, Calif., with offices in Austria, India and the United Kingdom, created Netverify, a real-time identity verification solution that uses computer vision technology in smartphone cameras and webcams to capture and verify user credentials. Verification takes approximately 60 seconds from start to finish and works on Windows, iOS and Android operating systems. The solution combines human expertise with advanced technologies to detect anomalies in images and documents, the company stated.

jumio

"Computer vision is a branch of technology that makes computers see," said Philipp Pointner, Vice President Product at Jumio. "Computers can derive valuable data from digital images and learn to recognize nuances in documents, including holograms, font sizes and facial recognition."

Jumio Chief Executive Officer Stephen Stuut said, "With 30 million verifications to date, we have a body of knowledge and know what to look for in an image or document. We can also read the information inside NFC chips; this technology is used by many European issuing authorities in national ID cards and passports." He added that Netverify can recognize documents issued in more than 100 countries and is constantly adding new document types to its knowledge base, including non-Latin character documents.

Following are additional solution features the company pointed out:

Timely resource for merchants, consumers

Netverify's computer vision technology is designed to improve online and mobile checkouts by using computer vision technology to extract and auto-populate data from payment cards and ID documents. Its enhanced security and intuitive user interface can upgrade the mobile shopping channel by reducing shopping cart abandonment and improving fraud detection, Jumio said.

Jumio is continually adding new document types to its platform to expand services and create a better user experience. It has reseller arrangements with leading companies interested in providing additional services and support to their merchants.

"When you consider how many IDs merchants have to process on any given day, and how many security questions consumers have to answer to confirm their identities, Netverify can remove all of that friction, reduce fraud and chargebacks and significantly improve the user experience," Stuut said.

Website: www.jumio.com Contact: sales@jumio.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM | Humboldt Merchant Services | Wirecard