Verifiedocs.com - What is ID Verification? A Complete guide

 Verifiedocs.com - What is ID Verification? A Complete guide.


We can’t imagine going through any process without ID verification in any crucial procedures. Even registering for a number to a train ticket needs some kind of id proof hence increasing the popularity for authentication in most online websites. It’s a necessary part of Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. 


What is ID verification?

When we talk about ID verification, it usually is a process where a person claimed identified is cross-checked with data that can prove that authenticity. When we consider identification there are many documents that fall under this category some of which are social security cards, passports, birth certificates, driver’s licenses, and some others. This process is important because an id can be stolen or forged and a person can misuse it to its advantage so additional measures can be taken in case of any fraudulent activity. 


To be stronger, security institutions have employed a secret password question which is different for everyone and only the person of that identity knows the answer to it. In recent years, more technological means of verifying identity have become common, such as single sign-on (SSO) and other technological abilities that constantly confirm the identity of the user or customer. 


Though the identification process is a perfectly secure method still some criminals use complex schemes to do fraudulent activities which makes it more important for more powerful AML and KYC verifications required by the banks. 





What is electronic id verification? 

Electronic ID verification enables an individual’s claim their identity to be authentic by digital means. It is an easier way as individuals do not have to wait in line for hours to get the verification of documents. There are a lot of different tools to do so, each differing in its services. 


To make things simpler, Verifiedocs.com has explained in simple words what ID verification is all about and how it can be used to eliminate fraud and enhance the safety of the people.


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