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I.D VERIFY & VALIDATION SERVICES
Identity fraud has become a serious problem for On-line merchants. The transition from traditional business with customer present transactions to customer not present transactions has created opportunity for identity theft. The necessity to implement validation parameters that can verify and validate profiles is increasingly important.
The News Desk
Added: 01/03/2009
In 2006 the number of debit transactions exceeded the number of credit transactions for the first time in history reaching 26.5 billion transactions in 2006.
Identity theft, payment processor system breaches and online intrusions into credit card files are at an all-time high.
Alternative payment services are growing at a rate, which a new report by Packaged Facts estimates to be 33% over 2006, reaching $37.3 billion in 2007.
Many small retailers and online businesses do not qualify for merchant processing services due to bank restrictions and credit card processing policies.
The cost of purchasing or renting POS transaction equipment is too expensive for many small and home-based retailers.
Banks are increasingly denying services to small, independent payday loan, check cashers and car title loan companies. These are capital-intensive businesses with high return on investment.





