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Identity
authentication has taken new meaning with the passage of the USA
Patriot Act. Section 326 requires financial institutions to
monitor all financial transactions performed by or through them
to detect those that involve any entity or person subject to the
Office of Foreign Assets Control (OFAC) laws and regulations.
VerantID software facilitates OFAC compliance.
VerantID
Personal Identification Verification Software (PIVS-Financial)
is integrated into COCC's core data processing products,
enabling compliance while simultaneously improving employee
productivity and protection from check fraud.
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Driver licenses can be scanned in seconds using a small
2" by 7" desktop scanner. Images are stored automatically,
eliminating the need to scan, crop and export driver license
images to the database.
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PIVS will OCR the license or read data from the PDF-417
2D barcode and in seconds automatically update
customer/member information from the license to the COCC
database.
To learn more
about VerantID visit their website at
www.VerantID.com |