About Electronic verification systems
Electronic Verification Systems: Comprehensive Identity and Age Verification Solutions
Electronic Verification Systems (EVS) is a leading provider of identity and age verification solutions that help businesses enhance their security, comply with regulations, and prevent fraud. With over 20 years of experience in the industry, EVS has developed a suite of innovative products that enable companies to verify the identities and ages of their customers quickly, accurately, and securely.
EVS's solutions are designed to meet the needs of various industries such as financial services, healthcare, gaming, e-commerce, government agencies, and more. Whether you need to verify an individual's identity for account opening or transaction processing or confirm their age for age-restricted products or services like alcohol or tobacco sales online - EVS has got you covered.
Identity Verification Solutions
EVS offers a range of identity verification solutions that use advanced technology to authenticate an individual's identity in real-time. These include:
1. ID Document Authentication: This solution verifies the authenticity of government-issued IDs such as driver's licenses or passports by scanning them using optical character recognition (OCR) technology.
2. Knowledge-Based Authentication (KBA): KBA uses personal information like date-of-birth or social security number to verify an individual's identity by asking them questions only they would know the answer to.
3. Biometric Authentication: This solution uses facial recognition technology to match a live image with a photo on file from an ID document.
4. Watchlist Screening: This solution checks individuals against global watchlists for sanctions lists like OFAC (Office of Foreign Assets Control), PEPs (Politically Exposed Persons), etc., ensuring compliance with regulatory requirements.
Age Verification Solutions
EVS also provides age verification solutions that help businesses comply with laws related to age-restricted products/services such as alcohol/tobacco sales online/gaming sites/online dating sites/subscription-based content providers/etc.. These include:
1. AgeMatch: This solution verifies an individual's age by comparing their date-of-birth with data from multiple sources like credit bureaus, public records, and more.
2. AgeBand: This solution uses a simple yes/no question to verify an individual's age for low-risk transactions.
3. AgeScan: This solution scans the barcode on a government-issued ID to verify an individual's age quickly and accurately.
Benefits of EVS Solutions
EVS solutions offer several benefits that help businesses improve their security, compliance, and fraud prevention efforts. These include:
1. Enhanced Security: EVS solutions use advanced technology to authenticate identities and ages in real-time, reducing the risk of fraud or identity theft.
2. Regulatory Compliance: EVS solutions help businesses comply with various regulations such as KYC (Know Your Customer), AML (Anti-Money Laundering), CIP (Customer Identification Program), etc., ensuring they avoid penalties or fines.
3. Improved Customer Experience: EVS solutions enable businesses to onboard customers quickly and easily while maintaining high levels of security, enhancing customer satisfaction.
4. Cost Savings: By automating identity/age verification processes using EVS solutions, businesses can reduce manual labor costs associated with these tasks while improving accuracy rates significantly.
Conclusion
In conclusion, Electronic Verification Systems is a leading provider of comprehensive identity/age verification solutions that help businesses enhance their security/compliance/fraud prevention efforts while improving customer experience/cost savings significantly. With over 20 years of experience in the industry and innovative products designed for various industries' needs - you can trust EVS to deliver reliable results every time! Request a demo today!