Melissa’s Identity Verification utilises a range of industry-leading services including contact data quality, ID & document verification, biometrics, watchlist & sanctions screening, and age & death validation to meet your KYC and AML compliance needs. Easily tailor our solutions to your specific sign-up process and risk management requirements to ensure a smooth customer onboarding experience while ensuring you have the accurate information to remain compliant and protected from fraudulent activity.
Identity verification is ensuring in real time that you are dealing with real people by matching their data with reliable sources locally and globally. This is generally performed prior to onboarding a new client so that businesses can safeguard themselves from potentially fraudulent activity, adhere to customer due diligence compliance and know your customer (KYC) regulations.
The types of identity checking methods vary with compliance requirements, use cases, and type of industries the identity verification process is being used for.
For example, the most common is Proof of Address (PoA), which requires a name and address to ensure your customer lives where they claim.
Other identity verification methods are more stringent, requiring a match across at least two different sources (2+2 matching), ID document verification, which uses biometrics to match a person’s passport or driver's licence with a selfie taken on their smartphone, or anti-money laundering (AML) checks, where a person is screened against global sanctions and watchlists.
There are several different ways to carry out digital identity verification, which differs depending on what identity verification tool a business is utilising. This can be comparing a person’s unique characteristics like facial biometrics with verified data held by an officially recognised source, such as a passport or drivers’ licence, to having a person’s name and contact details checked against local and global reference sources to confirm a confidence score or pass check.
Digital identity verification can be used in almost any situation that requires a person’s identity or ID to be shown in person. Countless industries leverage digital identity to confirm the identity of their customers and partners they may be doing business with to safeguard themselves from growing fraudulent activity and gain peace of mind in knowing who their customers really are.
The key advantages digital identity verification offers over manual checking is the convenience that users can verify themselves in the comfort of their own home; additionally, the procedure is usually quick and easily performed in a 1-2-3 process. Digital ID checking methods are also more cost-efficient for organisations to run in comparison to operating manual ID checks. These methods rarely require any downtime or maintenance and are always updated with the latest technology so businesses can stay one step ahead.
Through our single scan feature, individuals and entities can be checked against global data sets and real time reference data. The results returned will provide a wealth of information that will aid in the onboarding and due diligence processes for new or existing customers.
Melissa eIDV tools also have the capability to batch scan helping businesses save time during the onboarding process by simultaneously checking a large number of individuals against their chosen ID checking method or all ID checks included in Melissa complete eIDV service.
Melissa’s electronic identity verification (eIDV) tools now come in a no code, out the box service which takes out the hassle of integration and lengthy set-up procedures. Just simply create an account via our online portal and gain instant access to our eIDV service.