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Negotiating Your Customer Identity Verification Strategy [Infographic]

By Dean Nicolls | June 27, 2018
Negotiating Your ID Verification Strategy

Look around the online world—from online banking to ridesharing to iGaming—and you’ll see an ongoing struggle to negotiate two often competing goals: driving up customer conversions and driving down online identity fraud.

A solution is needed.

(Spoiler alert: Our solution is detailed in this Online Identity Verification Buyer’s Guide. Go ahead and get your copy now.)

In 2017, identity theft hit an all-time peak, affecting 16.7 million individuals in that year alone. These stolen identities were used to open accounts, commit crimes, and swindle individuals and companies. The Wall Street Journal reports identity theft is estimated to cost businesses a staggering $48 billion each year.

It seems that every effort to remove friction from the click-to-conversion path creates opportunities for identity fraudsters to wedge their way in. Then again, adding steps to protect consumers and businesses often come at the expense of fast, frictionless onboarding processes. Rock. Hard place. Are you feeling stuck?

Is it possible to negotiate the twists and turns of increasingly scrupulous criminals while keeping good customers on the straight road to conversion?

Our latest infographic (look below) illustrates how you can detect “bad” customers and convert “good” customers with the right online customer identity verification solution. You’ll even discover what to look for in an ideal identity verification solution. Check it out here:

customer identity verification

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Identity Verification Best Practices for a Competitive Bake-Off

May 15, 2018
Increasing scrutiny from customers and regulators combined with increasingly scrupulous fraudsters means your online identity verification program must get real. Verifying the real life identity of your online customers is a growing concern and necessity of businesses across industries. A number of solutions exist to help companies identify the true identity of their online customers....
identity verification compliance

Compliance Acronyms in Your Customer Identity Verification Process

August 21, 2018
GDPR. AML. KYC. PSD2. CCPA…The acronyms just keep on coming and with them, increasingly stringent and complex requirements for businesses to meet. While delivered with good intention to protect consumers and the global financial system, these mandates and compliance edicts naturally add complexity to business processes. Our latest e-book, Compliance Made Simple, will help you...

10 Reasons to Get Identity Verification Right

November 28, 2017
If you’re shopping for an identity verification solution, comparing solutions is tough. Most of us are making the same claims, using the same vocabulary, and hoping you can tell the difference. There’s a fair amount of high level content about the features and benefits, but how can you truly separate the contenders from the pretenders?...

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This content from Jumio is for general information purposes only. Please consult your legal team for advice regarding your particular situation.

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