News, Education and Events Decoding Digital Payments & Fraud

News, Education and Events Decoding Digital Payments & Fraud

Equifax, Jumio Partner for Mobile Wallet Conversion and Verification – April 7, 2014

Equifax, Jumio Partner for Mobile Wallet Conversion and Verification

April 7, 2014

Equifax, Jumio Partner for Mobile Wallet Conversion and Verification Consumer data aggregator Equifax has partnered with Jumio to develop a series of solutions aimed at securing mobile transactions. Atlanta-based Equifax, one of the “big three” consumer-credit reporting agencies, and ID verification technology provider Jumio said they will start by introducing a solution to increase mobile conversion rates by integrating Equifax 1-Touch and Jumio Netverify and Netswipe technology to auto fill mobile payment forms with personal information. The companies will integrate that solution into Equifax’s mobile wallet offering enabling consumers to upload a credit card to the wallet using the phone’s camera.

“The partnership with Jumio will bring our mobile commerce capabilities to the forefront of a very dynamic, cutting-edge industry,” said Anand Krishnaswamy, vice president of Mobile Commerce for Equifax Inc. “Consumer identity verification, device authentication and credit card origination can now be done in real-time with just the tap of a finger.”

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Daniel Leibovitch