Fraud Prevention Blog

Compliance & Fraud Prevention in Remote Onboarding for Banks

Posted by Sean Trundy on Tue, Jan 24, 2017 @ 07:29 AM

TABLE OF CONTENTS
Remote Banking
Mobile Client Onboarding is the Next Frontier
Mobile Identity Authentication
Known Fraudster Checks

Topics: fraud prevention, ID authentication, mobilverify, identity authentication, ID authentication app

Why AAMVA Verification is not a foolproof ID Authentication method

Posted by Stephanie Cho on Tue, Oct 20, 2015 @ 01:07 PM

A criminal that has your information can take over your life in a variety of different ways: he could take out a loan in your name, he could empty your bank account, or he could even rent a car and simply not return it, leaving you with the bill. The possible uses of a stolen identity are varied and numerous to the savvy thief, but before he can truly put the stolen identity to use, he’ll need to have a physical identification card ready in order to ‘prove’ his identity whenever it is questioned. And thanks to the REAL ID Act, ‘proving’ his identity may have gotten a bit easier…

Topics: authenticating driver's licenses, counterfeit ID, ID Verification, ID authentication, counterfeit