Fast-growing mobile and online payment company Jumio Inc. today announced the release of an enhanced version of its Netswipe Mobile Software Development Kit (SDK) now with Boost 20/20(SM).
Adding this payment functionality to an app's checkout process drives a revenue boost of at least 20%, while only taking about 20 minutes to implement. Integration of the SDK is free, and Jumio has allocated $5 million in free scans for qualifying developers.
Enabling customers to scan a credit card in 5 seconds rather than attempting key entry on their mobile devices (taking an average of 50 seconds) significantly reduces customer drop-off at this critical point in the purchase process. Today, nearly half of all mobile transactions are not successfully completed at checkout; however, when customers are offered a card scanning option the payment completion ratio increases dramatically. Additionally, Jumio's enhanced SDK offers improved card reading performance and auto-focus, more security features and branding configurability for merchants. Card scanning is now available for Visa, MasterCard, Diners Club, American Express and Discover cards.
For developers, incorporating the SDK into their apps is an easy-to-execute process which is supported with complete online documentation. Jumio Founder and CEO Daniel Mattes elaborates: "Implementing the SDK takes less than 20 minutes, and for the revenue-focused developer this brief effort delivers an amazing ROI. We're gratified to see how popular it has become with a wide range of developers."
Jumio supports start-ups and the developer community with 500 free scans per month until the $5 million Jumio SDK Developer Fund is depleted. Larger-volume developers should contact the company to learn more.