As a result, the Netverify solution aims to enable more convenient and reliable ID verification for customers executing money transfers at TransFast.com. By integrating Jumio’s ID and document scanning and verification technology into its current customer authentication process, TransFast.com significantly increases protection against fraudulent electronic fund transfers on its platform. The integration also provides TransFast.com customers with a faster, more convenient way to verify their identities prior to executing a transfer.
“We have seen exponential growth of customers leveraging online services to execute transfers in recent years and, with that growth, comes greater risk of fraud. With Jumio, we can reduce the risk of fraudulent activity in an environment that’s simple and hassle free for users—it offers the best of both worlds,” said Roshan Polepalli, director of marketing at TransFast.com. “Jumio’s real time scanning technology enables us to more efficiently identify and authenticate customers in in real time, rather than hours or even days, saving us time and money and helping our customers get their transfers through when they need to.”
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