KYC is short for Know Your Customer. It is a type of customer verification process that involves confirming the identity of your customers when doing business with them. We have a KYC procedure in place to ensure that our customers and clients are who they say they are. It also helps these us to get to know our customers, and ensure that they’re involved in any untoward or illegal activities, such as money laundering or bribery.
Implementing KYC stops online fraud before it can happen. It typically involves providing one or more documents to confirms their identity. These documents can include:
Government ID
Drivers License
Passport
Utility Bill
Credit Card
To prevent fraud in your online business, a KYC solution is the way forward. Whatever solution you go for, by making identity verification a priority, you can be safe in the knowledge that you are protecting our business and safeguarding our customers.