Best practices for customer verification | The Startup Magazine

The internet is a great tool for business, transforming how companies interact with their customers and providing new channels to sell products, provide services, and make money. Unfortunately, the internet is also great for criminals looking to exploit businesses for their own gain.

Global estimates for online payment fraud in 2022 reached $41 billion (USD), more than double the figure from the previous year. With that in mind, if you’re running an online business, you need to consider implementing customer verification best practices

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