Jumio says use your webcam to swipe credit cards
News from Reuters:

Tue Jul 26, 2011 4:48pm EDT

Jumio, a secretive online-payments startup created by Jajah founder Daniel Mattes, is finally ready for its close-up. That’s a fitting metaphor, because Jumio is enabling online credit card payments made by scanning a card with a computer webcam.

Dubbed Netswipe, the technology allows online retailers to easily process a debit or credit card payment by having a user just hold up their card to their webcam. The video is encrypted and streamed to Jumio’s servers, which extract the card number and information and processes the payment.

If it sounds familiar, we’ve written recently about other recent mobile payment technologies that use a smartphone camera…………… continues on Reuters
… Read the full article

Related News:

Earnings Preview: Visa to report 3rd-qtr results
News from msnbc.com:

updated 7/26/2011 3:49:04 PM ET 2011-07-26T19:49:04

Credit and debit payment processor Visa Inc. is expected to report a hefty increase in its fiscal third-quarter profit after the market closes on Wednesday, thanks to heavier card use by consumers during the period.

WHAT TO WATCH FOR: Reports from the major banks that issue Visa cards and from companies that track consumer spending all point to more users reaching for plastic at the checkout during the April-to-June period. Credit card use increased even more than debit use, which bodes well for revenue growth at Visa, since processing …………… continues on msnbc.com

… Read the full article