Many companies are shifting to digital and it's more important than ever to ensure that clients have a good relationship. Not only is it crucial for sharing information, but it is crucial to Know Your Customer (KYC).

However, much of the information provided by the client has to be double-checked. It's a huge mistake to get the information and then call it a day it is not able to be confirmed. Identity sms verification service, such as iDenfy's, revolve around validating the authenticity of ID documents however, not the phone numbers. The product line of the company has been enhanced with phone verification. Let's take a look at how it functions and how it can be utilized to aid businesses in fighting fraud and save money.

What is Phone Verification?

Most likely, you're quite familiar with it. Phone verification is used in many industries to confirm that the phone number provided by the customer is legitimate and accessible. It also serves as an another method of confirming the client's identity.

It's not a new concept online sms verification service and has been around for many years. It's so widespread that it's been in use for a long time. Concerns of individuals about their personal data being used for marketing purposes have resulted in a variety of new methods of spooking the system. It's natural for companies to rely on the number of their customers to send crucial information. It includes emails as well as marketing new products. Information is lost if the phone number isn't valid. This is a wasteful usage of time and resources.

It is equally important to confirm the number of the customer in order to combat fraud. Criminals have been known to not divulge their real contact numbers which shouldn't come as a shock to anyone. Even if the phone number appears legitimate and accessible There are a few aspects that be used to determine the level of danger. These and other aspects were considered when iDenfy created its solution.

How Does It Perform?

The process itself is simple. When a company has to confirm the customer's telephone number, they will email the person a one-time passcode (OTP) via short message, or "text to speech" message if SMS isn't possible. The customer must enter the password into the appropriate field.

This process can be modified to serve a variety of uses. The company could utilize the process as an extra fraud prevention tool after a failed deep phone test or incorporate the system as part of the process for secure onboarding. iDenfy's products include:

Global coverage

Mobile & Landline support

Unique OTP in only seconds

Automated onboarding

Security regulation that requires two-factor authentication

The solution can be adapted to include verification of phone numbers. The so-called deep phone number verification and verification will look over multiple data points on the number and determine a trustworthy risk score associated with the number. This will assist in deciding what additional actions to do. It's a helpful tool for identifying fraud patterns early stage. Here's how it functions.

Posted by: Onlinephoneverification at 09:02 AM | No Comments | Add Comment
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