| In this digital age, it is now expected that even the | | | | her native government. Spring boarding from this |
| smallest of business start-ups have some form of | | | | official, confirmable document, your international |
| online presence and, therefore, a connection to the | | | | identity verification tool should be able to confirm the |
| global marketplace. The Internet, innovations in online | | | | identity of an international customer by using reliable |
| payments and the convenience of global distribution | | | | data source providers to match information to his or |
| make an international customer base an expectation | | | | her passport. |
| for most businesses. However, although e-commerce | | | | Compliance Standards |
| has made international transactions an everyday | | | | International money laundering conventions are |
| reality, it has also made international security | | | | present and require administration and compliance just |
| measures a necessity. | | | | as those present in the U. S. PATRIOT Act and Bank |
| While methods of online security can easily be | | | | Secrecy Act. Provided that your business is seen as |
| standardized, it is important for the business owner | | | | applicable by the United Nations, it is important that |
| to consider the wide variety of identifying credentials | | | | any international identity verification services you |
| used by consumers all over the world. An | | | | choose to employ meets or exceeds the standards |
| international identity verification toolset should not | | | | for international money laundering prevention |
| only verify consumer identity using reputable data | | | | compliance. |
| sources and globally applicable credentials, but should | | | | Integrative Components |
| also do so in a way that satisfies international | | | | A high-performance identity verification tool should |
| conventions and keeps business running smoothly. In | | | | not only efficiently verify information and meet |
| this article, well address why these are important | | | | applicable federal and international requirements, but it |
| points to consider when protecting your international | | | | must still maintain a user-friendly interface that |
| business against fraud. | | | | neither slows down the transaction process nor |
| Unique Credentials | | | | obstructs the end-user experience. Ideally, an |
| Your international consumers identifying information is | | | | international identity verification program should |
| as unique as his or her country of origin. However, | | | | integrate flawlessly into your current security |
| every individual capable of traveling or conducting | | | | measures and allow for customization to fit the |
| business abroad can be issued a passport by his or | | | | unique procedural needs of your business. |