Digital identity verification involves comparing personal information sent over by an individual, whether that’s data on a ID document or biometrics, with verified data sets like government records. This process helps businesses ensure that the people they’re dealing with 심부름센터 are who they say they are.
It also helps companies comply with anti-money laundering (AML) and know your customer (KYC) regulations.
Customer Identification Program (CIP)
A Customer Identification Program (CIP) is a set of rules and procedures through which businesses verify their customers’ identities. This enables them to safeguard against financial crimes like money laundering and fraud while creating a smooth customer experience and building trust.
CIP rules require financial institutions to use both document-based and non-documentary methods to confirm a customer’s identity. This information is then cross-referenced against authoritative documents or databases. This verification process also requires that companies maintain records of all the information used to validate a customer’s identity.
Developing a comprehensive CIP involves meticulous planning and collaboration among key stakeholders. Businesses must conduct thorough evaluations of their operational needs, business perspective, risk appetite, and regulatory obligations to develop a tailored CIP that fits them. This will ensure that they meet their compliance requirements and can flag suspicious activities as they occur. In addition, a well-developed CIP will allow businesses to use a range of different ID verification methodologies, including phone number verification and email risk assessment.
Social Security Number (SSN)
The Social Security number (SSN) is a unique, randomly assigned numeric identifier that has become nearly universal in our society. Since its inception in 1936, virtually all U.S. citizens, permanent residents, and some non-citizens who work in the United States have obtained an SSN. The SSN is the basis for numerous Federal, State, and private-sector record-keeping and business systems. The simplicity and efficiency of using a single number that most people already possess encouraged the use of SSNs by government agencies and private enterprises as they adapted their business systems to automated data processing.
SSA has developed a variety of SSN verification systems for internal and external use. These verification systems verify whether the SSN and name submitted match SSA records. Unlike some other verification routines, these systems do not disclose additional information to the user beyond indicating whether the provided SSN is valid or not. In the private sector, companies often ask for SSNs and may decline credit or admission to those who do not provide them.
Driver’s License
A driver’s license verification is a type of identity check that checks an individual’s state-issued driver’s license to see if it matches the information they provided on their profile or application. Typically, this is done as part of a comprehensive onboarding process to help deter fraud and bad actors. For example, companies that sell age-restricted products often do in-person driver’s license checks at their physical stores to ensure that customers are over 21.
Under the Driver’s Privacy Protection Act (DPPA), certain information can only be released to a person if it is one of the allowed “Exempted Uses” under DPPA, such as in response to a warrant issued by a court of law. New York’s DPPA requires that photographs, social security numbers, telephone numbers, medical or disability information, and other sensitive information cannot be released under any circumstances. These restrictions can be found in DMPA section 2722.
Passport
The Passport is an official document issued to citizens by a government that certifies their identity and grants them the right to travel abroad. It contains secured graphic and text data about the holder. It also includes visas and stamps.
While the passport has a number of security features, it can still be tampered with or faked. As a result, a verification process is critical for preventing fraudulent activities such as identity theft and spoofing.
Passports that contain near-field communication (NFC) chips can be used for fast and scalable ID verification in many different industries. The technology is widely used: all iPhones since 2014 and many Samsung phones include NFC readers. These processes can help businesses avoid the expense of a manual review process and increase the accuracy of their verifications. This can help them protect themselves from bad actors while offering a great customer experience for legitimate customers. Persona’s ID verification software can check e-passports for NFC chip content and other identifying information in real time, without impacting the user’s experience.