Top 5 Benefits of Online ID Verification Process
The use of a robust identity verification system brings in a lot of benefits for organizations and business enterprises. From a quick customer onboarding process to the easy system login and optimum customer experience, using an efficient online ID verification system allows business owners a lot of advantageous opportunities.
Business enterprises of all industry verticals have started using ID scanning to access a system or application. Users are also happy with using biometrics for ID verification to gain access to a restricted area or a software application.
Let us discuss the top 8 benefits of adopting an online ID verification tool.
1. Verify User Identity Automatically
The identity verification process becomes easier with the implementation of online KYC. It checks against established and authenticated ID templates to guarantee that all necessary security checks (e.g., holograms, watermarks, font types, and so on) are present.
The online identity verification system allows faster data authentication and verifying user IDs with their database.
2. Check for Similarity
While running an online identity verification system, the system checks and authenticates if the person in the selfie is the same person who appears on the identification documents stored in the organization’s central database.
When an ID or selfie is unreadable, give your users the option to take another one. This will help you reduce abandonment rates. In addition, deploying a robust ID scanning tool can effectively block fraudsters from gaining entry to a system.
An online ID verification tool allows the organization to comply with KYC, AML, CCPA, GDPR, and various other privacy and financial services laws, rules, and guidelines. The customer’s data is stored using AES 256-bit encryption to ensure security. Ensuring PCI-DSS Level 1 data storage compliance ensures a robust data safety system.
4. Certified Liveness Examination
Perform liveness detection with the powerful face-based biometric technology and ensure to spoof-proof your system. Users are subjected to a brief liveness check, which serves as an effective fraud deterrent for many scammers. You can make your system robust with the right ID verification tool and prevent online fraud.
5. Best User Experience
Installing a robust ID scanning tool can reduce user friction and verification time. Also, they can conveniently log in to a system and use it to meet their requirements. You can increase the conversion rates by enhancing the customer experience.
The use of a powerful online ID verification can add a range of benefits to a business enterprise. So, if you want to take your business higher and achieve all your goals, then incorporate an ID scanning tool now.