Zumigo Recognized for Delivering Technology Innovations for Securing e-Commerce Transactions with Merchant Payment Validation Service
SAN JOSE, Calif. — July 7, 2015 — Zumigo Corporation, a leader in mobile device location and identity verification, today announced that it has been chosen by AlwaysOn as one of the AlwaysOn Global 100 “Companies to Watch” winners. Inclusion in the AlwaysOn Global 100 “Companies to Watch” signifies leadership among Zumigo’s peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players in the Global Silicon Valley.
Zumigo was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz. Zumigo and the Global 100 Companies to Watch will be honored at AlwaysOn’s 13th annual Silicon Valley Innovation Summit at the Computer History Museum on July 8 – 9. This exclusive event gathers the brightest minds for a lively exchange on the top trends, along with identifying the most promising entrepreneurial opportunities and investments in the global tech industry.
“The AlwaysOn Global 100 are the best-of-breed private companies in consumer and business-to-business applications, and cloud and mobile infrastructure sectors—representing the fastest growing and most highly valued new companies on the planet,” explained AlwaysOn founder and editor, Tony Perkins. “The consumer companies continue to explode, along with the mobile boom, and the proliferation of billions of other connected devices that make up the long heralded ‘Internet of Things.’ The business market continues to be reinvented by a new generation of big data and analytics companies and new efficiencies in cloud technology and services.”
The AlwaysOn Global 100 Companies to Watch winners were selected from among thousands of domestic and international technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2015 list. A full list of all the AlwaysOn winners can be found on the AlwaysOn website at www.aonetwork.com.
“AlwaysOn is a leading business media outlet, and we are pleased to be recognized for our advancements and innovation from companies across the globe,” said Zumigo Founder and CEO Chirag Bakshi. “Zumigo is differentiated with its innovative mobile identity and location technology that spans global networks. Customers turn to us to help them identify and authenticate users and reduce fraud they are facing with e-Commerce today.”
Zumigo’s Assure Payments™ solution verifies the purchaser’s identity against mobile billing records delivered through Zumigo’s partnership with mobile operators and Equifax. This verification includes matching the credit card ownership details against the owner of the mobile device identified to the shopping cart. In addition, Zumigo can identify the real-time location of the mobile phone to be compared against the IP address, as well as the shipping and billing address of the purchaser. When all of these relevant data points match, merchants can be assured of a lower-risk transaction while identifying higher-risk ones for additional scrutiny or denial.
Zumigo also supports the tremendous growth in smartphone-based mobile commerce. By enabling merchants to augment their existing shopping carts with secure automated form population, cart abandonment can be reduced along with fraud. With just a few pieces of identifying data, the phone owner’s name, address and payment credentials can be loaded into the shopping cart.
AlwaysOn is the leading business media brand connecting and informing the entrepreneurial community in the Global Silicon Valley. Founded by Red Herring founding editor Tony Perkins in 2003, AlwaysOn’s mission is to continue to lead the industry by empowering its readers, event participants, sponsors, bloggers, and advertisers like no other media brand.
Zumigo is pioneering a new generation of mobile services predicated on providing a richer experience for customers through more relevant, context- based information. Its global solutions support marketing to customers with location in context, and securing financial transactions using mobile infrastructure. Zumigo is led by veterans of the mobile and financial industries with years of experience in developing and managing mobile solutions for some of the world’s largest carriers and enterprises. Headquartered in San Jose, Calif., Zumigo is a venture backed company. For more information, please visit www.zumigo.com.
Zumigo is a registered trademark of Zumigo Corporation in the United States and other countries. All other trademarks are the property of their respective owners.