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New Technology Turns Webcams Into Credit Card Readers, Improves Conversion Rates

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Software company Jumio today introduced a solution called Netswipe Scanning which will allow your subscription site customers to use their webcams as credit card readers. Basically the customer is prompted to hold up the credit card to his or her webcam and Netswipe scans it and inputs the data into credit card processing. Here are a few potential advantages of using this technology:

Reduction in fraud. Netswipe turns a "card not present transaction" into an "online card" present transaction. A...

 

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Kathy McCabe

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