However, AU10TIX, a subsidiary of security solutions developer ICTS International, points out that until recently, fighting identity fraud online in regulated markets such as banking, financial services, gaming or car rental relied on manual examination of customer submitted images of ID documents.
Slow, costly and often inaccurate manual handling of large volumes of ID images is well recognized as sore point and major bottle-neck for online service providers. In the fast moving - short patience online universe, manual ID image processing translates not only to easier fraud but also to loss of business due to slow response time and higher chances for data entry and qualification errors.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now