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How payments companies can streamline customer onboarding and ensure secure, compliant experiences.
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The Confirmation of Payee service enables people to check the bank account name of a payee to help ensure they are sending money to the correct account.
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Under DAC7, digital platforms are required to report income earned by sellers on the site including sales, rental income, capital gains or fees.
Liveness detection can ensure biometric data is from a living person and not a static or fraudulent representation.
Biometric verification also can use identity documents as a reference and a live selfie as biometric capture to enable quick, accurate remote onboarding.
Trulioo works with customers continuously to improve verification workflows to maximize performance, reduce friction, and improve value.
Business Verification (KYB)
Effective Know Your Business (KYB) solutions gathers and verifies company information to help ensure the legitimacy of a business account.
The ability to integrate KYC and KYB workflows saves time and money, improves accuracy and potentially reduces onboarding time.
Crypto platforms can grow confidently with identity verification systems that can rapidly onboard customers while achieving regulatory compliance.
The identity verification solution market is complicated. Organizations must untangle the complexities of different use cases, technologies and partners.
Multiple factors can affect document verification performance, including image-capture conditions, customer risk profiles and regional variations in available data.
Identity document verification can deliver accurate, reliable results so good customers onboard quickly and bad actors can’t gain access.