Man submitting a mobile deposit of a check on his phone
  • Identity Verification

Identity Verification for Banks, & Financial Institutions

Identity verification has always been a part of the onboarding process when customers create an account at a bank or financial institutions. The process of ensuring the people who open accounts are who they claim to be is crucial for maintaining security and preventing crimes like fraud and identity theft, and is necessary for maintaining legal compliance.

Read Full Post

Two people using phones over coffee
  • Fraud Prevention, Identity Verification

A Simple Method of Verifying Identity through Phones

One-time authentication codes through SMS (text messages) have been used for a while as a method of ongoing authentication, but have traditionally been of little use for verifying the identity of a new consumer...

Read Full Post

Homerun
  • Identity Verification, Compliance

Hitting a Home Run

In part 1 I discussed how those in the Fantasy Sports industry (same theory can be applied to any industry) who aren’t playing by the rules are only going to aid the regulatory bodies (states and federal) in their overall scrutiny of the industry; and those regulatory bodies will have real-life scenarios to back their reasoning for the imposing of steeper fines, passing of stricter laws and worst of all, outlawing games of skill.

Read Full Post

Baseball Player Ready to Swing
  • Compliance, Identity Verification

1-2-3 Strikes...You’re Out!

The Fantasy Sports industry has seen its fair share of scandals in recent years such as the alleged “Insider Trading” between key players in the industry. Such disregard for the rules (and general un-sporting conduct) has made it more difficult for all businesses in the Fantasy Sports Industry, such as the temporary bans in some states and stricter compliance regulations all around.

Read Full Post

TaxPro
  • Identity Verification

Preparation Time for Tax Preparers and EROs

With the fall quickly approaching, it is again the time of year for Tax Preparers and Electric Return Originators (EROs) to prepare for the 2017 tax season. Tax professionals increasingly work with their clients on a remote basis (vs. In-Person Transactions), and this shift brings additional requirements for these tax professionals to remain compliant with IRS requirements.

Read Full Post