Riley Kennysmith | July 26, 2011 | 490 views | Add a Comment
Categorized under Daniel Mattes, Eduardo Saverin, Jumio, Maarten Linthorst, Mark Britto, Netswipe, Zain Khan

Jumio’s Netswipe technology is about to revolutionize online credit card payments. The tech scans credit cards with webcams and uses the encrypted video to assess whether the card is real (plastic, raised letters, et cetera) and to record the card number and info. Users then enter the security code via keyboard and the transaction is complete! GigaOM reports that creator Daniel Mattes found a 36% reduction in fraud costs and 2.3 minutes saved per transaction when the Netswipe tech was tested in a six-week trial.

Amit Chowdhry | November 22, 2010 | 747 views | Add a Comment
Categorized under Badgeville, Felix Investments, Joe Lonsdale, Maynard Webb, Pejman Nozad, Zain Khan

Badgeville is a service where you can check-in to websites. Similar to Foursquare, you can earn badges for checking in to certain websites for a specific amount of time. Badgeville has raised $2.5 million in Series A funding. Investors in this round of funding include Maynard Webb (eBay COO), Joe Lonsdale (Palantir Founder), Pejman Nozad, Zain Khan, Felix Investments, and senior execs from PayPal, Chegg, Shopping.com, Drugstore.com, and Warner Music. Badgeville is working with over 1,500 companies to offer them real-time analytics about people visiting their website. Partners that signed up include Comcast Sports, Philly.com, and The Next Web. [TechCrunch]