Identity Verification

Identity verification systems are a fast and inexpensive way for businesses to determine if consumers are who they represent themselves to be. Identity verification systems are used by internet retailers selling high ticket items to protect against loss from fraudulent transactions. Merchants selling age restricted products use identity verification systems to confirm buyers are of legal age.

Cybercriminals Target Internet Merchants

Merchants in high risk industries are frequently targeted by cybercriminals. High ticket items such as jewelry or electronics are alluring to fraudsters who use stolen credit cards to purchase goods. By the time a fraudulent transaction is discovered, the goods are long gone, shipped out of the country and unrecoverable.

Merchants are held liable for fraud by the credit card companies. It does not matter that merchants themselves are the victims of a crime. Merchants must absorb the financial loss of the fraudulent transaction.

Furthermore, fraudulent transactions are considered chargebacks on the merchant’s credit card processing statements. Chargebacks must be kept low in order to maintain credit card processing privileges. Fraudulent transactions increase chargeback ratios and can jeopardize credit card merchant accounts.

Identity Verification Systems Protect Your Business

Identity verifications systems are non-invasive and easy to use. For an amazingly low rate per transaction, businesses increase the likelihood that online transactions are legitimate and profits from purchases will be realized.

Any ecommerce business with average tickets of $500 or more will benefit from using identity verification to confirm the buyer is really who he says he is. Properly deployed, identity verification systems dramatically reduce the risk associated with doing business online.

Merchants selling goods or services where buyers must be of a certain age to purchase implement ID verification systems to comply with regulatory requirements. Money transfer services, brokerage houses, banks, and international corporations use identity verification systems to guard against money-laundering, fraud and threats from terrorism.

Identity verification systems combine a wealth of individual and business data into an easy-to-use interface. Databases are accessed with sophisticated programming technology yielding precise identity verification. Highly accurate analytics and detailed reporting produce robust results and ensures the safety of your business operations.

Identity Verification Quickly and Accurately

• Over 400 data sources deliver your results in a customized format.
• Interactive historical questionnaire. Multiple-choice questions can be presented. Only the true identity holder will be able to answer correctly.
• Screened against Office of Foreign Asset Control (OFAC) list.
• Compliant with the USA Patriot Act – “Know your Customer”.
• Turn-key seamless integration tool protects you and your clients.
• Improves efficiencies by auto-populating exiting application process.
• Standardizes full name, city, state, zip, and driver's license address as they appear in DMV database.
• Verifies and presents age and date of birth.
• Verifies driver's license is valid for state issued.
• Verifies address type- residential, multi-use, etc. as well as address and driver's license match.
• Checks for high risk status of address and phone.
• Verifies phone, name, and address match.
• Verifies Social Security number and name match as well as status- valid, deceased, etc.

The Right Source for Your Identity Verification System

Merchants are happily surprised to discover that our identity verification system offers more protection at a lower price than comparable product.

Businesses save 50% on powerful identity verification that other companies sell for twice the price. Special all-inclusive package includes complete identity verification and knowledge based authentication for total protection.

Case Summaries

• Internet Retailer. Despite his best efforts, the merchant found his chargeback rates from fraudulent transactions were on the rise. With an average sales price of $1000, chargebacks were expensive to absorb. The merchant also worried chargebacks would place his credit card processing account at risk. By implementing an identity verification system, the merchant cut losses from fraudulent transactions by 40% within 17 months. The merchant says legitimate customers accepted the verification system without question. Fraudsters left the site in search of easier targets.

• Online Adult Entertainment Company. The merchant has 45 different websites offering adult entertainment content. Age restrictions apply to the sales of adult content. The merchant implemented an age identity verification system required to by law to prevent minors from accessing the sites.

• Online Dating Site. The merchant implemented an identity verification system to confirm the identity members and protect against predatory behavior. The merchant says the response from members has been overwhelming positive. He lists the identity verification system as benefit in promoting the site to new members.