What You Need to Know about Identity Verification
Identity verification is vital. since it enables companies to determine the real identity of their clients. In addition, the services vary depending on the, mode that the system use, for instance, some systems rely on physical identity documents such as passport.
It is good to note that the identity services can be used both online and in person. The following are some of the institutions that rely on the identification services, these include internet forums, wikis, and social networking sites. Companies can use the services to stop illegal activities such as underage signage, money laundering, harassments as well as scams. It is good to note that the services can also be used in financial instructions to assist them in their operations, for instance, they can be used in account opening of new clients.
It is better to understand how the verification software operate, the following is a guide. The first step of using an identity verification software begins by a client providing his or her personal information. One the client has provided the information, it is then fed into the system. The system then checks both the private and public database for a match on the information provided. Once the scanning is completed, the client will then be asked personal questions to determine if he or she is the true owner of the identity. After the client has answered all the questions, the system then displays results showing if the identity of the user has been verified or declined.
If the applicant fail the identity verification process, the institution can choose to repeat the process or send the client to the manual identification process. The manual verification process normally requires a client to provide a copy of their photo identity and a copy of their national ID followed by several questions.
Identification verification services are used in various industries before services are offered to clients. The purchase of some commodities require consumers to provide their identification information.
The identity verification services are used in banks to assist in determining people’s true identity before withdrawing or depositing cash and cheque or even in the process of opening new accounts. Furthermore, electronic identification services enables customers to deposit money more quickly.
Governmental institutions on the other hand, need the identity verification services to access confidential areas.
The services facilitate smooth work progress. The service is also user friendly. The services are also cost-effective; companies can use them to provide quality services at low cost. The identity verification services are essential to most business and to their clients.