ID Verification

The fastest way to digitally verify your identity

Paydentity™

Paydentity™ is an automated real-time electronic verification system. Using our patented PIV process, take the guesswork out of identification and verify yourself in minutes.

Built for merchants

PIV allows merchants to unlock the identity in a financial transaction and it is successfully used to prevent Card Not Present (CNP) Fraud. It also allows customers to seamlessly be onboarded in 3 to 5 minutes.

How does it work?

Paydentity™ incorporates our patented instrument verification(PIV) and customer identification in order to remotely link an electronic payment with a person’s identity to satisfy both Payment Services Direct 2 (PSD2) and Anti-Money Laundering & Countering the Financing of Terrorism (AML/CFT) regulatory requirements.

Payment Instrument Verification (PIV)

PIV is our patented technology that combines the verification fo the users identity with the authentication of their payment transaction to deliver regulatory compliance to an enhanced due diligence (EDD) standard.

Step by step process by Paydentity™, after a customer makes a payment using a debit card:

The transaction is randomly divided into two amounts creating a dynamic “secret”.

The customer logs in to their online banking and retrieves the dynamic “secret”.

Confirmation of the “secret” successfully identifies the customer.

This process is then linked to our Digital KYC, SCA and other Fraud Protection products.

Key Features

Strong Customer Authentication (SCA)

SCA for active transaction monitoring and/or payment authentication to assist with mitigation and elimination of CNP fraud.

PEP & Sanction Screening

PEP,LEA and Sanction Screening. We notify if there is a hit on sanction, law enforcement and our PEP lists.

Compliance Approved

Unique eKYC process assists AML/CTF regulated entities to meet customer due diligence.