Why Identify Verification Solution Technology Matters

    Written by admin. Posted in Bank account verification software, Enrollment fraud solutions, Ofac api

    Technology grows every single year with new developments that expand this amazing industry. Now, it intersects with plenty of other industries with the most significant being none other than the economy. Now, credit fraud is being fought off by thoughtful implementations with premier technology like identify verification solution.

    A study has revealed that most people are unaware of identity theft after they review a credit report. This is horrifying because it means that an identity can be stolen without you even knowing it. In just a year of 2017, 17% of all identity theft fraud came from credit card fraud. As a result, identify verification solution is so important. Here are more facts below:

    Identity Theft And Fraud Are Huge Problems

    It is not that hard for a criminal to steal someone’s identity. Now, with all of the technology used to check credit card accounts, bank accounts, and more financial accounts makes it a little bit easier. After all, ha