How identity verification combats fraud and powers growth for BNPL providers
Buy Now Pay Later (BNPL) is growing rapidly due to customer demand, but online fraudsters pose a significant threat to today's providers. Discover why identity verification can ensure a swift, seamless, and secure process for businesses and customers.
Chris Hooper
As a result of customer demand, the Buy Now Pay Later (BNPL) sector is set to grow astronomically within the new few years. However, this attracts the attention of online fraudsters, endangering businesses and customers. Discover how identity verification offers the key to optimizing BNPL processes, minimizing the risk of harm.
Fast decisions
A 98% check automation rate gets customers through in about 6 seconds.
Simple experience
Real-time end user feedback and fewer steps gets 95% of users through on the first try.
Document coverage
An unmatched 10K+, and growing, government-issued IDs are covered.
More conversions
Up to 30% more customer conversions with superior accuracy and user experience.
Better fraud detection
Veriff’s data-driven fraud detection is consistent, auditable, and reliably detects fraudulent forms of identification.
Scalability embedded
Veriff’s POA can grow with your company’s needs and keep up with times of increased user demand.
