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It also reduces card number theft from insecure forms and website spoofing, by verifying details through a live video stream.Jump past the break for the full press release, along with video overviews of Netswipe and Jumio, which recently secured .5 million in initial funding and is backed by Facebook co-founder Eduardo Saverin.

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Jumio Turns Any Webcam into a Credit Card Reader, Creating the World's Most Secure Way to Pay Online Company Launches Patented Netswipe Solution to Reduce Fraud for Merchants; Makes Online and Mobile Payments Easier and More Secure than Ever MOUNTAIN VIEW, CA – JULY 26, 2011 - Payment company Jumio today unveiled a new technology solution for businesses to increase security and ease of use for online and mobile credit card payments.

Jumio's patented Netswipe solution turns a webcam into a secure credit card reader that allows merchants to more easily and efficiently accept payments online.

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