Authentication, as the name suggests refers to the confirmation of the authenticity of someone or something. Document verification is the act of establishing or confirming the authenticity of a specific document. In this technological era, many modern innovations have been introduced and have significantly changed human lives in many ways. However, the point to be noted is that with such advancement, the ways of fraudulence and malice have also significantly improvised and updated. Criminals have come out with numerous ways to by-pass the security systems and checks. These have to be continuously monitored to ensure that data theft and forgery are not only minimized but eradicated from the grass-root level.
Identity verification is a complex, time-taking process and customers nowadays customers don’t have the time or resources to deal with the government, consulate, and embassy offices. But now the verification has also automated and the job is now done by artificial intelligence systems rather than manual labor. This not only saves time but other valuable resources as well. There are many methods to authenticate identity such as:
- Face Verifications
- Document Verification
- Address Verification
- 2 Factor Authentication
- Consent Verification
Document Authentication Services
This is one of the most important steps in identity verification. Once the customer has provided his/her biometric verification, it is important to verify the credibility of the information provided. The customer is required to provide a government-issued identity document to match and tally the personal details provided by the customer beforehand. If the personal information matches, the document authentication system approves the document and moves to the next step successfully. However, if the information is incorrect, the authentication is rejected and more documents are required for the completion.
There are four basic steps in the document verification process. First, the customer displays the identity document in front of the device’s camera. Then the relevant information is extracted by the software using OSR technology. Next, the document is analyzed with the help of artificial and human intelligence. Finally, the verification details are successfully sent to the client. If all of these steps are successfully completed, there will be no issues in the authentication process. However, if there is a problem and the steps are not completed, the customer has to provide another document to verify the information to complete the authentication process. The authentication is either done by a webcam or a mobile phone’s camera. So it is important to ensure that the camera of the device is in working order. This is all done in order to minimize the risk of identity theft and fraudulence.
The document authentication process can detect both major and minor faults in the documents. It can detect errors and faults in forged documents, counter feed documents, stolen documents, camouflage or hidden documents, replica documents and even compromised documents.
What was a long and time-taking process initially, has since the introduction of document authentication systems revolutionized the process to seconds with the click of a button. People from across the world can authenticate their documents according to their convenience. People mostly confuse authentication with verification. The major difference is that verification is mostly done just once, however, authentication can be done repeatedly.
Although only government-issued documents are used for the authentication process, the following are accepted by most verification providers:
- Govt ID Cards
- Passports
- Driving Licenses
- Credit/Debit Cards
Fraudulent transactions have hazardous consequences not only for banks and financial institutions but for businesses and individual customers as well. Costs due to identity theft are passed down at every level and it eventually affects the end-user. Hence it is important for businesses to contact reliable identity verification service providers to secure their transactions and to attain long term business sustainability. Common examples include Shufti Pro, Onfido, Smarty Streets, OneSpan, AU10Tix, Trulioo, Jumio, etc.
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