ID Document Verification: What Is It & How Can It Prevent Digital Fraud?

Melissa AU Team | Australia, ID Document Verification | , , ,

Until the COVID pandemic, there were many people who preferred visiting the bank to make transactions rather than making online transactions, shopping for groceries in the market rather than through an app and so on.

The lockdown forced everyone to embrace digitization and learn to move with technology. Companies too have had to work towards making themselves more accessible to customers.… Read More

Phone Verification – Verifying Emails Isn’t Enough

Melissa IN Team | Phone Verification | , , , ,

Personalization is key to improving customer experience. And, in order to personalize a customer’s experience on a website or application, you need the customer to log in. Most online players allow people to create accounts by logging in through their emails or phone numbers.

When a customer logs in to a website or an app, the first thing most companies do is verify the person’s identity through email or phone verification. Verification is a necessary step to minimize the risk of fraud. At the customer’s end, signing in through an email and a phone number are identical. However, there is a difference in their efficacy. Read more “Phone Verification – Verifying Emails Isn’t Enough”

Role of Technology in Fraud Detection within the Indian Banking Sector

Melissa IN Team | FinTech, India | , , , ,

The increasing levels of fraud have put every country on high alert. India, being a developing country, is not far behind, when it comes to being a victim of fraud. Since banks are the forces that drive the financial sector and the money market, they are most prone to frauds, putting them on the radar for forgery and cyber fraud.… Read More

Electronic Identity Verification Reduces Ecommerce Fraud by 90%

Author | eIDV, FinTech, Identity Resolution, United Kingdom | , , , , , , , , , , ,

Ecommerce companies never seem to get ahead of sneaky fraudsters. Z1 Motorsports was no exception. Even after adopting an intensive 7-minute process to verify its customers, the company still suffered annual losses of $250,000, plus labor costs. Z1 realized something needed to be done – the automotive parts retailer called on Melissa for help with digital identity verification. After just one year, the etailer’s fraud and chargebacks were slashed by 90%, and verification time dropped to a minute!… Read More

Fraud Prevention for Ecommerce Merchants Part 1

Blog Administrator | Ecommerce | , , ,

Ecommerce is booming. And experts say there’s more online
spending to come. In fact, the National Retail Federation announced it expected
sales to jump 3.7% to $630.5 billion in 2015. Higher than the ten year average
of 2.5%. Retail
sales in the first half of 2016 performed at a solid pace, growing close to
4 percent on a year-over-year basis and will surely continue.… Read More