And, the winner is … Trulioo! Trulioo is thrilled to win the Judges Choice for Best ID Verification Solution at the CNP Awards for the second year in a row. The CNP Awards, an annual event honoring the products and solutions CNP merchants rely on, is put on by CardNotPresent.com.
According to eMarketer, eCommerce is growing at 23.7% annually and will account for over $2 trillion in sales this year. “CNP is a vital and growing industry,” notes Stephen Ufford, Trulioo’s CEO. “Balancing customer experience with security and fraud controls is the sweet spot for intelligent ID verification.”
The Best ID Verification Solution category is for the provider or solution that most effectively authenticates and verifies the identity of cardholders in a CNP environment through directory services, two-factor authentication, 3DSecure or other means. The Judges Choice is decided by a panel of five industry experts.
“As e-commerce and mobile payments continue to grow, retailers have a growing array of companies—new and old—bringing new technologies to bear to meet the challenges of accepting card-not-present transactions,” said CardNotPresent.com Editor-in-Chief D.J. Murphy. “That range of potential partners is reflected in this year’s CNP Awards. The CNP Awards have become the standard by which companies, programs and services around the world are being recognized and judged now and in the future.”
With Trulioo’s GlobalGateway, online merchants can decrease digital payment fraud by verifying the PII (Personally Identifiable Information) of the buyer. For example, a merchant can run verification checks against traditional sources such as full name, address, and date of birth, credit bureaus, government, utility files, and telecommunications data. They can also run checks on non-traditional cyber data such as email addresses to flag known fraudulent situations. By checking a customer’s provided identity information against trusted quality data sources, a positive ID verification can be quickly generated, keeping legitimate customers happy, while shutting out fraudsters.
Earlier this month, Trulioo launched ID Document Verification, a service that can authenticate identity documents such as a driver’s license or a passport. ID Document Verification augments Trulioo’s proven eIDV solution and helps reduce fraud and increase customer acquisition in situations where there is insufficient or invalid identity data.
For more information about Trulioo’s GlobalGateway platform, download our product brochure today!
CardNotPresent.com is an independent voice generating original news, information, education and inspiration for and about the companies and people operating in the card-not-present space—one of the only sources of content focused solely on this growing segment of the payments industry.