Know Your Customer Identity Validation Reading for Bank, Building Society and Finance Company Use
Finance companies require customers to provide their identification to prove who they are before financial transactions are made: this is fundamental to
the way in which regulated firms manage the
risk of fraud and comply with the money laundering laws such as the Proceeds of Crime Act, the PATRIOT Act and the ongoing Financial Action Task Force against Money Laundering (FATF) initiatives. Banks, building societies, credit unions, trust and mortgage companies are all affected.
Increasing sophistication of those wishing to pass themselves off with someone else's identity or address means that readers with the ability to read the advanced features of latest identity documents helps to prevent identity fraud efficiently and with a minimal disruption to the normal operation of the business.
Our devices read the full range of proof-of-identity and proof of address documents.
Customer Identity and Address Validation Reader Applications
- Banks
- Building societies
- Credit unions
- Trust companies
- Mortgage companies
- Financial and trading institutions
Customer Identity Validation Readers
OCR640 full-page flatbed passport and ID document scanner
A full page imager for passports & ID cards using colour, IR & UV lights to allow checking of the hidden graphical patterns on the data page. It simultaneously decodes the machine readable zone (MRZ) from documents complying to ICAO 9303 and an RFID option enables the device to simultaneously decode the contents of an e-passport or contactless smart card chip.
OCR640 full-page flatbed passport reader
LSR120 reads address barcodes to verify proof of address documents
Utility bills are commonly presented as proof of address. While fraudsters can easily falsify the address on documents, producing a fraudulent postal or customer barcode presents a problem or is often overlooked. The LSR120 provides the operator instant reading and interpreting of barcodes providing a straightforward additional check of the presented document.
LSR120 reads address barcodes to verify proof of address documents