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Why is Verification essential for E-Commerce?

Verification is essential for E-Commerce to protect sensitive data, ensure secure transactions, and maintain trust between consumers and businesses, driving growth and convenience in digital commerce.

  • Enhanced Security: Ensures the protection of sensitive customer data, reducing risks of fraud and data breaches.

  • Trust and Credibility: Builds trust with consumers by verifying that merchants and products meet quality and legal standards.

  • Compliance with Regulations: Helps businesses comply with legal and industry standards, avoiding penalties and ensuring smooth operations.

  • Improved Customer Experience: Verifies authenticity, ensuring customers receive the right products from reliable sources, leading to better satisfaction.

Key Solutions

Statfin offers an end-to-end verification suite, ensuring secure transactions, compliance, and growth.

Background Verification (BGV)

Ensures merchant legitimacy and trust, securing the marketplace.

Digital KYC (D-KYC)

Verifies identities of merchants before transactions.

Anti-Money Laundering (AML)

Detects money laundering activities to prevent fraudulent transactions.

Field Verification Reports (FVR)

Confirms the physical presence and operational legitimacy of merchants.

Negative Database (NDB)

Cross checks blacklists to ensure secure e-commerce transactions.

Investigation Bureau Reports (IBR)

Investigates merchants and individuals for dispute history on e-commerce platforms.