Card.io,
a new San Francisco-based startup led by two former AdMob employees,dstti Mike
Mettler and Josh Bleecher, is introducing a revolutionary idea that could
transform mobile commerce: make it easier to pay. But how the company has
accomplished this is a feat that will feel more like magic to the everyday
mobile user. With card.io, you simply hold your credit card up to the phone. The
software then "sees" the card information using the phone's camera and the
payment is processed. No typing required!
To get the technology into
the hands of those who need it most, card.io is targeting iOS developers at
launch, specifically those in the e-commerce, local, ticketing, travel and daily
deals space.
Card Scanning is Very Accurate, Says Company
The
company has been in existence for only nine months, six of which were spent
building card.io's core technology, the computer vision and machine learning
algorithms which it uses to read the numbers of a credit card. Unlike several
other check-scanning and business card scanning software programs, card.The
Haunting rubberextrusions
Movie Reviewio doesn't use humans to verify the accuracy of scans - everything
is programmatic. Of course this means that the scans themselves have to be
highly accurate, and Mettler says they are.
However, the company
wouldn't provide exact percentages here, only that the "vast majority" of scans
should be accurate. But that's where the machine learning aspect comes into
play. The more data that's processed, the better the software performs because
it learns and improves over time.
Cardio flow iphone
Once the
credit card information is entered, the developer can then continue to process
the payment using their own merchant account as usual. Although card.io will be
looking for merchant partners going forward, that's not the service it's
offering today. Also of note, all the data card.io handles is secured using 128
bit-SSL and the service never stores card images on the phone or on the
company's servers.
Going After E-Commerce, Not Point-of-Sale
Card
info cardio
Using technology to input the credit card details into a
mobile device may seem like a step backwards when positioned alongside other
upcoming mobile advances like NFC, a wireless technology that lets you pay for
real-world goods with just a tap.
But NFC requires a special chip in
handsets, and currently, few phones on the market offer this. It's still years
out from mainstream adoption. Meanwhile, everyone has credit cards and these
plastic, physical cards won't disappear anytime soon. Most importantly, card.io
is not trying to compete with NFC or other innovations at the point-of-sale -
it's going after the e-commerce market.
With a new software development
kit (SDK) available now, the iOS (iPhone, iPad and iPod Touch) developers
accepted into the company's private beta can integrate the technology into their
own app. Initially, as noted above, card.io is most interested in developers
working in the e-commerce, local, ticketing,DHgate factory portal provides
Boking Industry promotionalusbonsale
Manufactory profile travel and daily deals space.We offer advanced technology
products and services for zentai
garage control, It is already working with a few companies here, including
MogoTix for event tickets, TaskRabbit for local services and SamaSource for
donations.
Card.io received $1 million in seed funding in January, led
by former eBay exec Michael Dearing of Harrison Metal.green ghds-one of uk new
rubbersheets . GHDS Other
investors include Jeff Clavier and Charles Hudson of SoftTech VC, Manu Kumar of
K9 Ventures,Reviews symptoms linked to oilpaintingsupplie such as
fibromyalgia. Alok Bhanot (former VP, Risk Technology at PayPal), and Omar
Hamoui (CEO/founder of AdMob).
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