Lack of ID document standards, language barriers pose fraud detection challenge: Regula

A lack of standardization among identity documents is the most common among several challenges facing businesses when they attempt to verify the identities of foreigners, according to a survey from Regula. The challenges are being experienced by many companies, given that 92 percent of businesses verify more foreign ID document than domestic ones. Lack of unified document standards was cited as a significant challenge by 41 percent of respondents.

The survey was completed earlier this year with 750 fraud …

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