As part of the deal, IDology will provide identity verification and fraud prevention solutions within POS Portals P2 platform, a cloud-based CRM system aimed at Independent Sales Organizations (ISOs) both large and small.
IDology will help support POS Portal customers in identifying merchant applicants and meeting KYC compliance while driving acquisition, deterring fraud and improving the merchant on-boarding experience.
The P2 platform was designed for merchant acquiring in the payments industry and has experienced massive adoption industry-wide. Application onboarding, deployment integration and residual payouts are just a few of the many features that make P2 essential for any sales organizations targeting merchants.
IDology’s services enable businesses to electronically proof the identity and age of people in customer-not-present situations. The company offers different levels of identity verification including dynamic knowledge based authentication which relies on out-of-wallet challenge questions to determine the person’s identity.
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