Overview#

Electronic Identity Verification (eIDV) is the use of information in public and private databases to quickly confirm whether an individual is who they claim to be based on personal information such as their name, date of birth, Social Security number, and address.

The result of trying to confirm an individual’s identity could be a match, nonmatch, or partial match.

Electronic Identity Verification is used by Bank and other financial Organizations to minimize fraud and comply with

• Know Your Customer laws
• Anti-Money Laundering laws
• Customer Identification Program
• Countering the Financing of Terrorism (CFT) laws.

eIDV is also used by insurance companies, governments, retailers, casinos, lawyers, employers, job recruiters, and real estate agents as part of their due diligence processes.

More Information#

There might be more information for this subject on one of the following:

• EIDV
• Web Blog_blogentry_031017_1

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• [#1] - eIDV (Electronic Identity Verification) - based on information obtained 2017-10-03-