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Identity-proofing Services

Companies issue accounts and credentials to people through identity-proofing services that confirm a person's identity based on information aggregated from publicly available and proprietary data sources. These services are used to validate identity for risky transactions, such as accessing sensitive, confidential information or transferring funds to an external account.

What Small and Midsize Businesses Need to Know About Identity-proofing Services

A customer enters their biometric data and documents into a device to establish their identity. Then, the system matches the documents with information from a national identity database or a trusted system of record, such as a corporation's human resources department. Businesses use identity-proofing services to establish the identity of employees as well as customers, creating more security for personal data and for sensitive corporate information. This reduces the chances of information hacking.

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