Digital Identity Verification for Payments

Safe and compliant money transfers and electronic payments

Top global payments companies, money wires, virtual currency exchanges, and other financial services providers are leveraging digital identity verification to enable seamless and secure transactions in the digital channel. Payments providers also integrate digital identity verification to better manage the risk of fraud and meet ever-stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements without jeopardising the customer's experience.

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Payments Identity Verification - Money Transfers

Money Wires

Payments Identity Verification - Money Transfers

P2P Payments

Payments Identity Verification - Payment Processors

Payment Processors

Payments Identity Verification - Virtual Currency

Virtual Currency

“Mobile Verify® helps us provide a fast and easy experience for our customers while ensuring that we’re complying with local laws and regulations.”

—Head of Online Risk, MoneyGram

Identity Verification Enables Global Payment Processor to Lift 92% of AML Restrictions

Global efforts to help fight the financing of terrorism and organized crime have turned into ever stringent AML regulations for money movement. Payments companies around the world leverage Mitek's identity verification solutions to help satisfy AML and KYC requirements. Learn how Mobile Verify has allowed a top global payments processor to seamlessly lift 92% of KYC-related temporary restrictions placed on customers.

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Fast, Compliant Money Movements

As financial institutions are required to meet ever more stringent Know Your Customer (KYC) compliance and Anti-Money Laundering (AML) requirements, it is imperative for financial institutions to find technological solutions that provide a smooth customer experience while reducing risk for the payments company. Digital identity document verification presents a frictionless solution for complying with KYC and AML regulations without inconveniencing customers.

Digital Identity Verification for Payments

Identity Verification Key to Mobile Payment Success

Payments providers looking to win and retain customers need to allow them to effortlessly transact in the digital channel. However, an increasingly regulated payments landscape is requiring stakeholders to conduct more stringent checks to meet compliance needs. Thought leaders from the payments industry use digital ID verification to bridge the gap between user expectations and regulatory requirements in a cost-effective way.