TreviPay - The New B2B Authentication Standard: The Shift Toward Automated Digital Identity Verification - July 2022 - Discover how automated identity verification helps firms protect their revenues and customers

The New B2B Authentication Standard: The Shift Toward Automated Digital Identity Verification

Study: Half of Retailers Turned Away New Customers Over Concerns About Fraud

The findings come in PYMNTS’ “New B2B Authentication Standard” report, a PYMNTS and TreviPay collaboration which draws on insights from 150 business executives who say they are forced to shut the door on new customers because they lack proper fraud controls to weed out the fraudsters.

Inside the July Report

  • 36%: Share of firms that use proactive and automated solu­tions and consider all methods to verify new business clients’ identities equally important.
  • 15%: Share of organizations that say using search engines to verify a new business’s address is the most important verification method.
  • 50%: Share of firms that implement automated solutions for digital identity verification and are satisfied with their current solutions

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