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What is Microbilt ID Authenticate?

ID Authenticate offers a robust solution for businesses to confirm that an individual engaged in a transaction is the rightful owner of the Personal Identifying Information they are providing. This verification process includes asking users a range of out-of-wallet questions, which are knowledge-based and known only to the legitimate identity holder. By leveraging personal information such as Social Security Numbers, names, and addresses, ID Authenticate constructs various inquiries related to the individual’s previous residences, asset ownership, and other specifics that only the true identity bearer would recognize. Once the individual responds to these authentication prompts, ID Authenticate computes an authentication score that reflects the accuracy of the answers given, allowing businesses to determine if the individual is indeed the rightful identity holder. This approach not only bolsters security measures but also fosters confidence in transactions by ensuring a thorough and dependable identity verification process. Ultimately, ID Authenticate serves as a vital tool in the fight against identity fraud, reinforcing the integrity of business interactions.

What is Cedar Rose eIDV?

Identity Verification is the method of validating the authenticity of an individual’s or a business’s details, and it is progressively managed by private companies through Electronic Identity Verification (eIDV) technologies. This approach acts as a risk mitigation instrument that allows for the swift confirmation of identities, applicable to both Know Your Customer (KYC) and Know Your Business (KYB) needs. Sectors like banking, financial services, payment processing, digital wallets, and e-commerce commonly adopt this innovative technology. By connecting our API to your existing systems, you can tap into a comprehensive database that includes information on over 160 million individuals and more than 12 million businesses. The verification process entails reviewing the supplied information, resulting in one of two outcomes: a match, confirming the identity, or no match, indicating that the information could not be verified. To conduct a KYC or KYB assessment, users must submit specific verification information, which may involve details such as the name of the company, the individual's name, identification number, and address, all adapted to the particular regulations of their jurisdiction. This efficient verification procedure not only bolsters security but also greatly simplifies the processes of customer onboarding and meeting compliance requirements, ultimately fostering a more secure and user-friendly environment. The growing reliance on these systems underscores the importance of maintaining trust in digital transactions and interactions.

Media

Media

Integrations Supported

OpenTransact

Integrations Supported

Salesforce

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

€500

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
On-Site Training

Training Options

Documentation Hub

Company Facts

Organization Name

Microbilt

Date Founded

1978

Company Location

United States

Company Website

www.microbilt.com/product/id-authenticate

Company Facts

Organization Name

Cedar Rose

Date Founded

1997

Company Location

Cyprus

Company Website

www.cedar-rose.com/solutions/eidv

Categories and Features

Identity Verification

Not specified

Categories and Features

Identity Verification

Not specified

KYC

Not specified

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