Socure, a digital identity verification specialist, has recently announced its collaboration with Alacriti, a payments innovator. The partnership aims to provide a seamless and secure payment experience for customers by combining Socure’s advanced identity verification technology with Alacriti’s payment processing solutions.
Socure’s identity verification technology uses artificial intelligence and machine learning algorithms to analyze various data points and determine the authenticity of an individual’s identity. This includes analyzing government-issued IDs, social media profiles, and other online data sources to verify an individual’s identity in real-time. By doing so, Socure can help prevent fraud and ensure that only legitimate customers are able to access payment services.
Alacriti, on the other hand, is a leading provider of payment processing solutions that enable businesses to accept payments from customers through various channels, including mobile devices, online portals, and more. The company’s solutions are designed to be fast, secure, and reliable, ensuring that payments are processed quickly and accurately.
By collaborating with Socure, Alacriti can now offer its customers an added layer of security when processing payments. Socure’s identity verification technology can be integrated into Alacriti’s payment processing solutions, allowing businesses to verify the identity of their customers in real-time before processing payments. This can help prevent fraudulent transactions and reduce the risk of chargebacks and other payment-related issues.
The partnership between Socure and Alacriti is particularly timely given the current state of the payments industry. With more consumers turning to digital payments in the wake of the COVID-19 pandemic, there has been a corresponding increase in fraudulent activity. According to a recent report by the Federal Trade Commission, consumers reported losing over $1.9 billion to fraud in 2019 alone.
By leveraging advanced identity verification technology like that offered by Socure, businesses can help protect themselves and their customers from these types of threats. And by partnering with a leading payment processing provider like Alacriti, they can ensure that their payment processing solutions are fast, reliable, and secure.
Overall, the collaboration between Socure and Alacriti represents an important step forward in the evolution of the payments industry. By combining advanced identity verification technology with cutting-edge payment processing solutions, the two companies are helping to create a more secure and seamless payment experience for customers and businesses alike.
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