Protect Consumers, and Your Business
The sharing company has empowered consumers with new opportunities to earn income, save money, and experience increased convenience by challenging the traditional models of business in many industries. Unfortunately, as with all platforms that empower consumers, the sharing economy has also provided a new outlet for fraudulent activity.
The rise of the sharing economy has also created new challenges for the regulation of these industries, including transportation, finance, investment, consumer goods and housing. Where federal regulations have been slow to address this new business model and the technology that powers it, local and state governments have rapidly begun applying compliance requirements across these many sectors. The result has been an inconsistent patchwork of regulations across states, counties, and cities that businesses powering the sharing economy must meet.
To protect your consumers, and meet the compliance requirements of these varied regulations, you must first be able to verify the identity of consumers on your platform, and where they are located. EVS can help verifying consumer-provided information, authenticating the identity of these consumers, and screening against applicable watch lists.