IDMERIT

Global ID verification solutions in retail have become increasingly relevant in the retail and eCommerce industries. Cyber-attacks and fraudsters have become a common threat to large retailers and eCommerce sites, putting consumer data protection at the same priority as protecting a bank vault, if not a person's life. Using global ID verification solutions, customers can shop across international borders with the same trust they would have in their local market. Digital identity management must be automated while maintaining a global reach. Rise of ID Verification Solutions in eCommerce and Retail Sector Globally Increasing online shopping and retail eCommerce sales have made ID verification in the retail and eCommerce industry necessary as a digital payment option. With eCommerce seller identity verification, customers can research products, services, companies, and purchase items without leaving their homes. There are both negative and positive tradeoffs to this increase in conv...

Individuals, governments, and organizations face cyber threats every day. Traditionally, KYC cybersecurity was limited to antiviruses and firewalls. In recent years, the advent of cloud protection, ransomware, malware protection, and even identity protection can keep you anonymous online. With a growing number of consumers using online platforms and services, business leaders have to take steps to help protect their customers' information. KYC cybersecurity solutions are an important part of any company's cybersecurity strategy, as it helps businesses protect against cyber fraudsters who may be trying to steal customer data. As bank customers, we all have our fingers on the pulse of financial movements. Know Your Customer (KYC) and Know Your Business (KYB) are mere consumer terms, but they have forced compliance in the banking sector—online and offline. Banks cannot even open their doors without verifying the identity of their customers, whoever is compliant with anti-money lau...