Jumio The New Wave Of Digital Payments

There is a new digital payment startup that is hitting the market. It is called Jumio, which is carrying some milestones for the first quarter of this year after releasing its main mobile payment product Netswipe in 2011.  Jumio has written reseller and distribution agreements with many high-profile payment service providers. The best part about this service is that Jumio's Netswipe allows online retailers to process Internet and mobile payments by having customers swipe their credit cards via any webcam. Its Netverify products use the same technology to turn its webcams into online ID identification readers. The company's new partners include Braintree, Paybision, TSYS, SafeCharge, ccBill, Financial Transaction Services, Cardflex and Wirecard, which all will be selling Jumio's product. Jumio's new partners represent a total payment processing volume of 154 billion dollars, which is an incredible amount even on a global scale. But mainly Jumio is eyeing Asian markets as its target. The company has raised $31.5 million dollars so far from its investors including Facebook co-founder Eduardo Saverin and Silicon Valley VC firm Andreessen Horowitz. This sounds like a very promising digital payment business to be on the look out for in the near future.



References:
http://thenextweb.com/eu/2012/04/13/digital-payments-startup-jumio-signs-154b-worth-of-global-distribution-partners/

Social Security Checks No longer In the mailbox

Starting next year, the check will no longer be in the mail for millions of people who receive Social Security and other government benefits.The federal government, which issues 73 million payments a month, is phasing out paper checks for all benefit programs, requiring people to get payments electronically, either through direct deposit or a debit card for those without a bank account.

The changes will affect people who get Social Security, veterans' benefits, railroad pensions and federal disability payments. Tax refunds are exempt, but the Internal Revenue Service encourages taxpayers to get refunds electronically by processing those refunds faster than paper checks.

About 90 percent of people who receive federal benefits already get their payments electronically, the Treasury Department says. New beneficiaries were required to get payments electronically starting last year, and with a few exceptions, the rest will have to make the switch by March 2013.

How will these affect the older generation ??

http://news.yahoo.com/dont-wait-social-security-check-mail-120053910.html

Fortune telling ATM

 A palm reading cash machine might not tell you your fortune, but it will, at least, dispense some of it. Ogaki Kyoritsu Bank in Japan has revealed that it will introduce the nation's first ATM that lets you withdraw money just by scanning your palm. Customers will need to pop in to a branch to provide some manual verification -- and of course a palm scan -- then you're away. The bank hopes this will help people access their cash in the event of losing your card, or a natural disaster

http://www.engadget.com/2012/04/11/japanese-biometric-atm-reads-your-palm-tells-fortune/