Jumio Inc. has released a software-development kit to allow programmers to use its payment card-scanning technology in mobile applications.
Jumio's technology, called Netswipe, uses a webcam or phone camera to read the details of a credit or debit card. Its new SDK, announced Wednesday, works with Apple Inc.'s iOS mobile operating system. Jumio also plans a version for Google Inc.’s Android phones.
Jumio's technology verifies a card's legitimacy by using a video stream instead of a still picture. The video stream allows it to examine how features such as the embossing and hologram react as the card is moved.
To encourage use of its technology, Jumio has set up a developer fund to cover $5 million of scanning fees. The fund is meant "to support young start-ups and the developer community," Daniel Mattes, Jumio founder and chief executive, said in a press release. The fund allows each developer to make 1,000 scans per month for free (
"Developers are invited to implement the [card-reading service] to offer a strong feature in their apps," he said.
This month, Jumio also announced that it received an undisclosed amount of funding from Citigroup in a Series B investment (
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