The feature makes identity verification as effortless for a business as payment acceptance
Stripe announced the launch of Stripe Identity. Source: stripe.com
Stripe has announced the launch of Stripe Identity, the way for internet businesses to securely verify the identities of users from over 30 countries.
Identity is built on the same infrastructure that powers Stripe’s own global onboarding compliance and risk management. That means that the verification tooling Stripe originally built for itself is now available to Stripe’s users as well.
Stripe Identity’s low-code integration option allows businesses to start verifying identities in minutes, with a verification flow fully hosted by Stripe. Alternatively, without any code at all, fraud and risk teams can generate verification links to assess suspicious transactions or high-risk users.
The information collected is encrypted and sent directly to Stripe, eliminating the need of managing sensitive, personal information on the business’s own servers.
To prove their identity, users take a photo of their government ID and a live selfie, which Stripe’s advanced machine learning then matches to the ID. Businesses can also request that users key in additional information to be checked against third-party records.
The entire verification process for an individual user can be completed in as little as 15 seconds.
We’ve reported that the UK to implement contactless corridors for border checks.
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