jumio

Chris Nuttall

The start-up Jumio has emerged from stealth mode to take a swipe at credit cards, with a payment method that uses a webcam or a phone’s camera. Netswipe involves holding up a credit card to a camera, where its details and authenticity are recognised by Jumio’s software. The code on the back of the card is then entered by PC mouse-clicking or smartphone touchscreen-tapping an on-screen keypad. 

Tech news from around the web:

  • Eduardo Saverin, the co-founder of Facebook, has taken the lead in a fresh round of financing for Jumio, the one-click mobile and online payments system, TechCrunch reports. Mr Saverin put up more than half of the round, about $6.5m, alongside other private investors.