Jumio Inc. has expanded its ID scanning technology to support Apple and Samsung's digital wallets, enabling scanned payment cards to be used within other mobile apps.
The Palo Alto, Calif.-based online and mobile technology maker has developed Port, a wallet infrastructure that merchants can integrate with their mobile app on a checkout page or on the back end of a physical point of sale system.
"The most successful wallets in the future will be driven by merchants, not other providers," Jumio CEO Daniel Mattes said during an Oct. 9 presentation. Jumio plans to make Port available to merchants early next year.
Jumio's camera software allows mobile devices and webcams to read the details of payment cards or photo IDs. It can be used to enroll a credit card in a mobile wallet or to provide additional authentication to a high-risk transaction.
After scanning a card, iPhone users will tap the "Save to Passbook" button to store their scanned credentials for future use, Mattes says. The consumer can then complete transactions in a merchant's Port-enabled mobile app by tapping a "Pay with Passbook" button.
A similar process takes place at a physical point of sale, with the mobile phone delivering its payment message to the Port application in the merchant's network. In this way, Port is similar to cloud-based wallets from PayPal and Square, which allow consumers to pay in stores from an app that accesses pre-enrolled credentials. (PayPal owns card-scanning tech from its acquisition of Card.io.)
Port technology verifies the payment card and ID as legitimate when they are scanned, Mattes says. A key facet of Port is its ability to detect fake driver's licenses or passports, if those IDs are required, Mattes adds. The only numbers the consumer must key in on the phone during the initial scanning process are a payment cards CVV code.
Consumers using iPhones will be the first with access to the technology. Jumio plans to support Samsung Wallet, which is similar to Apple's Passbook, at a later date.
"The current absence of a comprehensive device-based wallet offering that is securely integrated into the merchant apps at the point of transaction is what has hindered mobile wallets from reaching the critical tipping point," Mattes says.
The Port technology builds on Jumio's Web-based Netswipe and mobile-based Netverify applications, which can scan and verify seven types of credit cards and IDs issued by more than 90 countries.