Technology is transforming everything, and businesses are taking advantage of the digitization of the world. Travel and tourism agencies are also one of them, as they enjoy many perks. But they also have various threats of data breaches, identity theft, and from cyber scammers.
Digitization has sped up the onboarding process in travel agencies, which has made the customer traveling experience smooth. Document verification online is essential to secure and regularly maintain the system. An unsafe database can be prone to threats, and scammers can easily get the personal credentials of customers. Fraudsters are always searching for loopholes in security to exploit businesses, online document verification is a perfect technique to prevent scams. It will help to identify the forged documents that are being used to scam the companies by users.
Document Checker online utilizes advanced technology to onboard a new customer. It also enhances the travelers’ trust in the agency. The convenient onboarding express system also improves the company’s reputation. The document forgery not only damages the company but also forces the travelers to turn back from their destination.
According to the IATAs airline, of 25,000 passengers, one passenger boards a flight with an incomplete or counterfeit document. That one mistake from traveling agencies influences other customers badly and damages their reputation. Touring companies must ensure all papers are legitimate and authentic. Document verification service providers can assist them in this process by conducting all procedures efficiently and effortlessly.
The World Travel and Tourism Council (WTTC) expects that traveling agency growth will increase by 5.2% from 2022 to 2032, which will become a 2.7% increase in the global GDP and create 126 million jobs worldwide. The enormous revenue in the profit also makes it valuable for financial scammers. These cyber scammers are always looking to beat the system and get access to customer credentials. Personal information about traveling clients can be used in opening new bank accounts or dealing with illicit activities. They can also use that information to travel to countries where they are banned.
The business revenue attracts scammers, and after Covid-19, traveling and tourism businesses are priceless for fraudsters. Digitization forces businesses to change their traditional working behavior. Almost every industry is working with automation technology to make their business more convenient for customers. Unfortunately, most companies have no idea that it also makes them vulnerable to financial crimes. Document verification is compulsory to protect companies from financial fraud and comply with regulations.
In simpler terms, document verification is a process to reveal the identity of customers by checking their papers. Many business owners don’t know how to verify documents online. It is important to verify the identity as many of the fake identity scams are on the rise. Several financial companies are being targeted in the present times. So, everyone is taking good precautionary measures to avoid these kinds of scams. That’s why given below are the working steps of digital documentation:
Like traditional document attestation, the first customer must submit identity verification papers. However, they don’t have to visit the office for that. Clients can follow this process by only registering on document verification online platforms. Customers only need to give the necessary details, like name, date of birth, phone number, and address, to open an account. After registering, they can easily upload the required identity verification documents. Digital documents utilize automated technology to check the format of papers and ensure the provided documents are the same, which the company required for verification.
The document verification online software assorts the data and checks the authenticity of papers from visible security features like holograms, fonts, signatures, and others. To collect complex written data, it uses Optical Character Recognition (OCR) technology. It recognizes the text in the image and converts it into a soft digital format which can be cross-checked in the next step.
After collecting documents and sorting the data, in the next document verification, online software checks the correlation of data with provided information and various databases. The AML, CTF, and KYC procedures ensure the information does not match with blacklisted persons. It authenticates individuals are the same as they claim to be.
Document verification online is an automated technology that verifies the provided information and documents multiple times. Digital attestation processes ensure travel agencies are not providing their services to scammers. Additionally, verification of documents also provides confidence to companies that they comply with all regulations. Many companies use document verification for security purposes. Because document verification services provide many benefits to companies.
In traveling, businesses face to face recognition of customers is essential. Now with document verification online, traveling agents can verify the face and voice of customers with the help of a video call. They can schedule a live video call with customers before onboarding them. In that call, the company representative will assist the client on how to verify documents and cross-check pictures on paper and a live photo.
Facial recognition builds a trustful relationship with a customer. In case of errors, companies can check the document manually, and they can ask the client to resubmit them. Ultimately if the forgery of a document is confirmed, companies can report that to regulatory authorities and can assist them in catching the scammers. Using this, companies can save themselves from severe financial fraud.
In the end, as technology changes everything, security concerns are growing daily. Overall travel agencies need to comply with all regulations. Making sure that no one flees the net is crucial for them. Document verification online makes it easy and straightforward, which enhances business security and improves reputation. In simple words, Document verification services are used by many companies like health companies, Banks, and other govt like airports and private sectors. So many companies use it for this purpose. Undoubtedly, it has become important to verify the customers’ identity for safe onboarding and to avoid financial scams.
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