iDenfy, a leading identity verification solution provider, has recently applied for a patent for its Address Verification service. The patent has been published in 158 countries by the World Intellectual Property Organization (WIPO) with the aim of offering a secure and optimized alternative to traditional Proof of Address verification methods.
The Address Verification tools developed by iDenfy involve sending a physical letter containing secure credentials to the user-provided residential address. Once the letter is received, customers can use these credentials to initiate the identity verification process, confirming their identity and physical access to the address. This innovative approach combines physical and digital layers to increase the accuracy and reliability of verifying key onboarding information such as full name, date of birth, and residential address.
The goal of iDenfy’s Address Verification technology is to help businesses combat fraud, prevent document forgery, and streamline the onboarding process. By offering a secure verification alternative, the method enhances fraud prevention and compliance with regulations, while also improving user success rates. Additionally, it allows companies to scale globally without being limited to a specific region.
iDenfy remains committed to meeting the evolving needs of clients and users while ensuring compliance with regulatory requirements in the industry. The patented Address Verification service is set to revolutionize the way businesses verify their clients’ data, offering a more secure and efficient alternative to traditional methods. For more information on iDenfy and its innovative solutions, please visit their detailed profile in the industry-specific Company Database.
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