Friday, January 28, 2011

Is Jumio One of the "Hottest Payments Startups of 2011"?

January 27th, 2011 from the Jumio Blog

Jumio has been dubbed one of the “hottest start-ups of 2011” and are currently in the final stages of development. Today, they announced parts of their high profile advisory board.
The board reads like a who’s who of Internet pioneers.
“We are extremely pleased that our ideas and technology attract such talent. It shows me that we are right on track with our approach to make online and mobile payments easier and more secure.” (Mattes)
says Daniel Mattes, founder and CEO of Jumio Inc.
Daniel invited – amongst others – Internet pioneers Zain Khan (formerGoogle executive), Mark Britto (former Amazon executive) and Maarten Linthorst (former NASA partner):
Zain Khan, former Google executive known as the “Ops guy”, built Googles impressive infrastructure from the scratch in 1999. Zain, turned private investor, says about Jumio:
“It’s mainly the technological brilliance and the complexity that lies in this payment solution that excites a tech-person like me. Add a proven team and the product is bound to be successful.” (Khan)
Mark Britto, board member of Bill Me Later (acquired by eBay) and founder of accept.com (acquired by Amazon) was responsible for building the main payment infrastructure for Amazon, sees Jumio as the solution to one of the few remaining Internet problems:
“The challenge of fully securing online payments has been an ongoing one. Jumio is perfectly prepared to solve the problem.” (Britto)
Maarten Linthorst, who paved the way for the Internet as we know it back in 1969 for NASA when he interconnected the first two servers to become the ARPANET, who also developed the X25 protocol which is used for every credit card transaction worldwide, believes that
“Jumio will revolutionize the way we think about online payment – both from a technological and a social point of view.” (Linthorst)
Bjorn Evers, former CEO of one of the largest online gambling groups worldwide, sees
“Jumio as a definite game changer and the answer to online payment fraud.” (Evers)
Our mission is to make payments simpler, faster, more convenient and – above all – more secure. Daniel dishes out the numbers.
“$191 billion are the annual costs caused by credit card fraud in the United States, time to act. With our advisory board of brilliant minds, we are well prepared.” (Mattes)



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