Know your customer (KYC) as an anti-fraud measure

Online merchants must include the know-your-customer process as part of their anti-fraud system. This helps to correctly identify online buyers, helping alleviate the fact that they're not physically present at the time of purchase.

By verifying your customers, you will be able to more easily identify the real users from the fake ones, thus avoiding fraudulent orders and the consequences of chargebacks. In addition, thanks to Critical.net, you can discourage future criminal attacks on your online business.

No matter how scammers try to hide their identity, we go one step further.

How does the Know Your Customer (KYC) procedure work?

Know Your Customer (KYC) begins with collecting data and verifying that customers are who they say they are. When using KYC as an anti-fraud system, we verify the following customer information:

• Email
• Personal information
• Credit/debit card information
• Billing data
• Information about the device which made the purchase
• Other

How does Critical.net help you in the KYC process?

Among the benefits and advantages of having a service that helps you Know Your Customer (KYC) for risk analysis in your orders, we provide you with the following:

Process optimization: Speed ​​up the risk analysis process in your orders and thus reduce the number of manual reviews, automating the process.

Fast information: real-time data analysis of each order so you can make the best decisions on time. 

Avoid scams: reduce the odds of your business being classified as high-risk in the eyes of banks or financial institutions, and avoid interrupting your business operations. 

Savings: avoid overspending due to the consequences related to chargebacks.

Now that you know what a KYC is let us offer you a set of solutions to verify your client's identity in a way that adjusts to your business needs.