Bobcaygeon, ON (PRWEB) December 19, 2012
Solid Trust Pay -- leading online payment processor and e-wallet service provider Solid Trust Pay announced that it has integrated Jumio’s Netverify system into their verification process to significantly reduce processing delays and provide members with faster access to their funds. Jumio provides next generation online and mobile credit card payments validation and ID verification products for retailers, financial institutions and governmental agencies.
Know-Your-Customer (KYC) policies and document verification are an integral part of any ecommerce provider’s fraud protection process. Solid Trust Pay (STPay) routinely requests verification documents from members requiring increased account privileges or spending limits, but manual verification of identification documents is time consuming. In an effort to reduce verification wait times, Solid Trust Pay has recently partnered with Jumio to provide faster document verification with Netverify.
Jumio’s Netverify system works seamlessly with STPay’s verification process. Members using the Netverify option to upgrade their accounts will either capture an image of their ID using a webcam or upload a copy. Netverify checks the documentation for fraud or tampering, allowing STPay to upgrade customer accounts at a fraction of the time and cost required to manually process the same information. In addition to being PCI compliant, Netverify also uses 256 bit encryption to protect document transmission. This encryption is matched by STPay’s own standards to ensure secure transmission across both platforms.
Although Netverify works with most browsers and tablets and can verify documentation for over 60 countries around the world, there may be some members who are unable to utilize this system. For those few members unable to use Netverify, SolidTrustPay will continue to accept mailed, uploaded, and emailed documents as an alternative.
Solid Trust Pay is thrilled about the new integration with Jumio’s Netverify system, and is looking forward to providing customers with fewer processing delays and quicker access to their funds.