Payment service Stripe announces AI-based identity verification tool 'Stripe Identity', which can be used in situations other than payment
On June 14, 2021 local time,
Stripe Identity: Reliable Identity Verification
https://stripe.com/jp/identity
Stripe Newsroom: Stripe launches Stripe Identity, an identity verification tool to increase trust online
https://stripe.com/newsroom/news/stripe-launches-identity
Stripe goes beyond payments with Stripe Identity to provide AI-based ID verification for transactions and much more | TechCrunch
https://techcrunch.com/2021/06/14/stripe-goes-beyond-payments-with-stripe-identity-to-provide-ai-based-id-verification-for-transactions-and-much-more/
In recent years, with the increase in online economic activity, online businesses have become more responsible for verifying the age and identity of users, complying with the law, and preventing fraud and account takeover. Already, some startups, such as Veriff and Berbix, are growing as 'stripe for identity verification services' by providing tools for developers to integrate identity verification services into their platforms.
Meanwhile, Stripe also announced that it will enter the identity verification service by announcing 'Stripe Identity,' which allows businesses to verify the identity of users online. 'Companies have asked Stripe for an easy and quick way to verify their identity online,' said Rob Daly, Head of Engineering at Stripe Identity. 'Now, there are many from five startups. Every internet business, up to a multinational company, can now safely verify a user's identity in just minutes instead of weeks or months. '
Stripe Identity verification works by reading a user-submitted 'government-issued photo ID' photo with computer vision and machine learning algorithms. In addition to the ID card, there is also an option to check using 'selfie photos taken on the spot' and prevent fraud using the stolen ID card.
All information collected is encrypted and sent to Stripe, so companies deploying Stripe Identity do not risk managing sensitive personal information on their servers. This allows businesses to verify user identity faster, easier, and more safely without increasing effort and risk.
The architecture that builds Stripe Identity is based on the technology that Stripe, which handles hundreds of billions of dollars a year, has developed to prevent fraud over the last decade. 'We understand from experience the effort needed to build a rigorous and secure system for global identity verification,' said Delia Pawelke, Head of Global Risk Strategy and Onboarding Policy at Stripe. Stripe Identity gives all users access to an advanced compliance infrastructure. '
Of course, Stripe Identity can be used in combination with payment services, but even online services that do not use Stripe can use Stripe Identity to verify the identity of the user. Discord , a chat tool, Peerspace , a service that rents and borrows temporary event space, and Shippo, a service that simplifies delivery operations, are already using Stripe Identity in advance to improve reliability and verify the identity of suspicious users. , It is useful for preventing account takeover.
According to the official website , there are restrictions on the government-issued ID that Stripe Identity can confirm, and at the time of writing the article, Ireland, the United Arab Emirates, the United Kingdom, Italy, Estonia, Australia, Austria, the Netherlands, Canada, Cyprus, 33 countries: Costa Rica, Switzerland, Sweden, Spain, Slovakia, Slovenia, Czech Republic, Denmark, Germany, New Zealand, Norway, Finland, France, Belgium, Portugal, Malta, Latvia, Lithuania, Lichtenstein, Romania, Luxemburg, Hong Kong, and the United States. It seems that only documents issued by the government of New Zealand can be checked.
When TechCrunch, a tech media, contacted Stripe, he said that Stripe Identity usage fees would be charged on a transaction-by-transaction basis, but he declined to answer detailed fees. Stripe will unveil a detailed roadmap for Stripe Identity at its online event, Stripe Sessions , starting June 16th, local time.
Stripe Sessions
https://sessions.stripe.com/
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in Web Service, Security, Posted by log1h_ik