Making online shopping safe with Address Verification

From having smart home facilities to self-service kiosks in the public,
the haste to shifting businesses online grows increasingly rapid with the more technology humans incorporate into their lives. People are more inclined to take the digital route to do basic human tasks such as shopping The ever-growing list of reasons to embrace the digitization also comes with an increase in cybercrime threats as going digital is like a coin with two sides. As it provides more convenience to them to order their desired items from the comfort of their homes.

In order to fight the waves of cybercrime threats, law enforcement agencies and governments worldwide put forward regulations and compliances people and businesses especially must follow. Marketplaces, in particular, are required to perform stringent checks on their users as they register accounts or choose to make a purchase. However, traditional methods of identity verification become inconvenient for online businesses as it would be difficult to physically screen users especially if they reside in countries or cities other than where the marketplace operates from.

As technology provides facilities to its users, this also includes enabling trouble-makers with online methods of committing crimes. And with part of the technology-using global community consisting of those not so experienced with the digital ways, they become the ideal targets for these cybercriminals to execute various kinds of fraud through schemes such as phishing and ransomware. Once a criminal gets their hands on a victim's personal information, it opens doors to commit many kinds of fraud such as identity theft, credit card fraud, tax evasion, medical fraud. .., etc.

But technology's influence stretches as far as to provide cutting-edge means to dealing with such issues in the form of online identity verification with online address verification Be a method designed for online shopping use cases. It works by requiring the user to present a proof of Their Identity in front of their camera. Any official document would be sufficient such as an ID card or passport, etc. For address verification, a secondary document may be needed to prove the person's address which could be their tax or utility bill.

The software scans the documents using AI and OCR to extract the necessary information. This information is then processed and cross-matched with the user's location or the address they have provided in their user information. Once the information checks out, the person is verified with The information sent to the business's backend database for further verification.

The process takes place for less than a minute and is extremely accurate and efficient in The process takes place for less than a minute and is extremely accurate and efficient in verifying the information. However, verification may fail in the possible scenarios where the address information on the document is older than three months, the information does not match the entered user information or the document does not provide complete information. The information. However, verification may fail in the possible scenarios where the address information on the document is older than three months. , the information does not match the entered user information or the document does not provide complete information.

Providing such highly efficient and thorough security checks not only helps prevent various kinds of frauds related to online shopping such as credit card fraud and chargebacks, but it also provides customers with a safe and positive shopping experience where their ordered products are ensured to reach them once Their address is verified. Fraudsters are barred from the opportunity to make fraudulent purchases with the stolen information they use which saves the victim, the business, and bank their money.

If a business wishes to make their products and services available online business, they best make regulatory security checks in place in order to make successful sales and deliveries to their customers. It saves them the trouble of losing customers due to poor service in the form of failed And with customers having the facility to shop from their smartphone and other devices, they may use their geolocation which adds another layer of accuracy for the business in proving the address of a customer.