With the emergence of the Covid-19 crisis worldwide, millions of people have registered on various online platforms. The major concerning element regarding minors in recent times is that they are gaining access to digitally age-oriented services and products frequently. Since fraudsters are utilizing clever tactics for finding new illicit avenues to make their fraudulent activities more believable, it has become crucial to fight back and protect minors from exploitation. Multiple industries are facing troubles as they are unable to provide customers with a secure onboarding process. Minors are getting addicted to using these virtual platforms in which they are prone to many risks due to the ineffectiveness of the age gates. To extensively combat these issues, an online age verification procedure needs to be implied to restrict minors from the risks of monetary and cyber scams prevailing in the digital market.
How can KYCC help during an Online Age Verification Solution?
Verifying the age of the minors has become a necessity for companies who deal in selling age-restricted products to their customers. By complying with the global KYC/AML regulations, these businesses can save themselves from costly penalties and lawsuits. By enabling the process of Know Your Customer’s Customer, termed KYCC, many businesses can keep track of with whom their customers are dealing externally and obtain the information about their age particularly. As per Shufti Pro News, this will help them in securing their financial environment and would provide a seamless experience to its users.
What is the Compelling Procedure to Digitally Verify the Age of the Customers?
Age verification online is a simple yet effective procedure that ensures that the information obtained from the user is authentic including the data about their age. This process to get age verified usually constitutes of 3 primary steps which are listed below:
- Submission of Personal Information: The initial step to verify age of the users is to fill in the information in the displayed form asking for details regarding the name, date of birth, and other relevant identity data.
- Uploading a Secondary Document: A supporting document consisting of identity information is required to be uploaded which could stand out as proof of evidence for the user. The system scans the important details using the digital software of OCR. Major details are compared to detect any alterations been made to the document.
- Fetching the Verification Results: Once the system has identified the client without any errors, the verification results are presented in front of the end-user while saving them in the client’s back office by making an API call.
Tricks used by Minors to Dodge the Age Verification Process
Usage of the Credit/Debit Cards of Parents
The shopping experience has been transformed around the globe since the arrival of covid-19 with in-person payments changing to cashless online transactions. Minors can easily buy age-restricted products such as alcohol, and e-cigarettes by inserting details about the credit card information of their parents. They are often attacked by scammers by using an anonymous profile luring them to buy the product. To eliminate this problem, digital age verification solutions can be used as barriers to limit minors from buying such products. It further determines whether the person utilizing the credit card is actually who they claim to be in the real world or not without any suspicions.
Using the Parent’s Identity Documents
Several online gaming, gambling, and dating sites verify the identity of the individual before onboarding them. This helps them in obtaining details about the age of the user. Many minors use the identity documents of their parents to get access to these websites and camouflage their identities to manipulate the system. Using the digitally encrypted age verification solution can permit to combat such exploitations as their advanced systems will ask the user to upload their selfie to proceed with the process.
Manipulating the Manual Age Checks
Customers used to register while sliding through the age checkboxes implied by many websites in the past times. They have proven to be fatal since minors can easily dodge by placing a fake tick in those required age boxes which makes it unable for the system to detect. Online age verification act as an age guard in protecting minors and due to its reliability many businesses are investing in them just like Shufti Pro Fundings.
Wrapping it Up
Minors have become advanced and try to manipulate the verification process using different techniques. Manual age verification was suppressed as it took long periods while customers were also not impressed. The situation become worse during the covid-19 pandemic which called for an AI-based age verification solution. By asking for facial ID proof and identity documents, it has become challenging for minors to exploit the process of authentication making it the best solution for the protection of minors.