Step 1: Biometric Verification
User takes a selfie; liveness detection confirms a real, present person at the moment of the account event.
What are account verification services?
Account verification services help confirm that an account and its payment details are valid and belong to the person claiming them. They’re often the first line of defense against bad data and failed transactions—and, when paired with identity verification, they become a stronger layer against fraud.
What does account verification do?
Account verification helps confirm ownership or control of an account, reduce fraud and chargebacks, and support safer transactions by catching invalid or mismatched details before money moves.
What is an example of account verification?
Examples include verifying a bank account during onboarding, confirming ownership during account recovery, validating payout destinations after a change, and stepping up checks for high-risk actions like large transfers or withdrawals.
Why do account verification services matter in financial services?
In financial services, account verification services support KYC and AML, confirm that accounts are truly owned or controlled by the right person, and reduce fraud losses on payments, transfers, and payouts.
How does CLEAR1 support account verification services?
CLEAR1 adds multi-layered identity verification on top of existing account verification services—combining biometrics, documents, device signals, and trusted data sources to confirm the real user behind each high-risk event and enabling reusable identity for faster reverification over time.
