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Accura Scan Unveils Suite of Identity Verification Products

identity verification

Accura Scan, a provider of digital know your customer (KYC) and user verification solutions, has unveiled a suite of identity verification products for American banks and telecom companies.

With its cutting-edge technology and commitment to compliance, Accura Scan offers a comprehensive suite of services that address the critical need for reliable and secure verification processes, the company said in a Monday (Dec. 11) press release.

Accura Scan’s ID Scanning solution incorporates advanced technologies such as optical character recognition (OCR), machine-readable zone (MRZ) and near field communication (NFC) verification, ensuring a seamless and secure verification process, according to the release.

One feature that sets Accura Scan apart is its iBeta Level 2 Compliant Liveness Check Solution and contactless Fingerprint biometrics, eliminating the need for additional hardware devices, the release said.

The company has achieved iBeta Level 2 compliance and certifications from the National Institute of Standards and Technology (NIST) and the General Data Protection Regulation (GDPR), per the release.

For American banks and telecom companies, Accura Scan’s technology offers numerous benefits, according to the press release. The Facial Biometrics Authentication provides a dual layer of security, verifying the identity of the person and ensuring their physical presence during transactions. This technology is crucial in preventing fraud and meeting regulatory requirements, the company said in the release.

Accura Scan’s solutions cater to diverse needs, the release said, encompassing fraud prevention, compliance, account opening, age verification, investor verification and customer onboarding.

The company’s technology is versatile and applicable across various industries, and can be especially helpful in sectors such as banking, finance, gaming, dating apps, telecommunication, travel, insurance and hospitality, per the release.

PYMNTS Intelligence has found that at a time when security is top-of-mind and data breaches are in the headlines, consumers don’t mind being authenticated across a range of daily financial activities and tasks.

More than 42% of individuals want to have their identities verified each and every time they pay for goods and services, according to “Consumer Behaviors and Perceived Security Across Devices,” a PYMNTS and Entersekt collaboration.