![]() In addition to hindering fraud, Netverify also decreases customer churn, lowers transaction times, improves renewal rates, and increases app usage and customer conversions. With a dataset of 80 million total verifications, and a massive database of fraudulent IDs and identities, Jumio's Trusted Identity as a Service platform and authentication technologies are helping reduce fraud across industry sectors where verification of customers' identities is essential – including financial services, sharing economy services, retail, travel and online gaming. ![]() According to the company, Netverify flags more than 95 percent of detectable fraudulent transactions while allowing over 99.9 percent of valid customers to complete their transaction. ![]() Processing more than 200,000 verifications every day, Netverify combines computer vision technology, machine learning, and biometrics with human verification experts to catch criminals in the act. That's the genius behind Jumio and its Netverify solution suite, which helps companies conduct secure real-time web and mobile transactions by confirming the authenticity of customers' faces, documents and ID credentials from over 200 countries mere seconds after they are placed in front of a webcam or smartphone. ![]() Even though the image looks just like the person whose identity is being stolen, the authentication engine still flags the action as fraudulent activity because it knows the image is a duplicate. Picture this: A clever fraudster prints out an enlarged copy of a stolen driver's license, hoping to fool a company's facial recognition security system. For a complete overview of SC Awards 2018 please click on the Book of the Night link above. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |