webcam id card scanner

Jumio, California based technology start-up, announced it managed to raise $25 million to develop a technology capable of reading identification documents with off the shelf web cams. Yesterday we wrote about a new scanner that can read both contact and contact less cards which also covers smart phone based payment apps. Last year Jumio presented a technology allowing to use webcam just as it was a credit card swiper called NetSwipe. NetVerify is NetSwipe equivalent for identification documents. Both products combined offer merchants positive identification of clients and help reduce fraud. Sensitive personal information is not stored on the computer as it’s transmitted instantly over a secure channel.
Founder of Jumio is Daniel Mattes, Austrian origin entrepreneur living in the Silicon Valley. In the past he took part in Austrian e-government projects, acted as a business angel and co founded Jajah, VOIP service company acquired by Telefonica in 2009. Born in 1972 he graduated in Computer Science & Economics at the University of Linz in Austria.
Previous project of Jumio was funded by Facebook co-founder Eduardo Saverin. The current project is mainly funded by Andreessen Horowitz is a venture capital firm well known for investment in social media such as Facebook, Groupon, Twitter and Zynga. Scott Weiss of Andreessen Horowitz will sit at the board of directors of Jumio as a result of financing deal.

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