What are verification services?

What are verification services?

Verification services are third-party providers that verify customer-provided information applicable to loan approval. This information might include fraud reports, credit, income, assets, and employment.

What is SGS authentication?

SGS is the abbreviation of Societe Generale de Surveillance S.A., translated as “General Notary Public”. SGS is the world’s leading inspection, verification, testing and certification organization. It is a globally recognized benchmark for quality and integrity.

What is Trulioo verification?

Identity Verification. Trulioo is a Canadian-based company that provides electronic identity and address verification of both individuals and businesses. Trulioo customers use the service to verify the identity of their own customers as part of ‘Know Your Customer’ verification.

What type of verification is used for information verification?

These methods include: ID Document Verification: Checks that the ID (e.g., driver’s license, passport, government ID) is legitimate. Biometric Verification: Uses selfies to establish that the person presenting the ID is the same individual whose portrait appears on the ID.

What are the reasons behind a customer verification process?

This verification method helps prevent identity fraud by requiring “knowledge” factors to identify the person making the purchase. In addition, this method also allows companies to verify the information provided by their customers, in order to prevent customer mistakes and erroneous deliveries of products or services.

Is Trulioo safety agreement legit?

Trulioo is a global identity and business verification company that provides secure access to reliable, independent data sources worldwide to instantly verify consumers and businesses online.

What is the process of document verification?

Document verification is the process of verifying the authenticity of a document. Officially issued documents, such as a driver’s license, bank statement, or other state/federal documents, are usually the most accepted, verifiable documents.

How do call centers verify customers?

Identity verification is an often overlooked process that call center agents undertake on every interaction they have with customers. Agents typically ask for a couple pieces of information like birth date or social security number and then verify that the answers provided match what they have in their system.