TRAXX Payments has enlisted Acuant’s KYC solutions

From: RegTech Analyst

Payment processing provider TRAXX Payments has tapped identity verification business Acuant to create a seamless digital know your customer (KYC) process for its clients.

The deal will see TRAXX take full advantage of Acuant’s AssureID and FaceID solutions to replace its manual process of visually inspecting documents submitted with an automated, more accurate verification process.

“Our team found the integration process simple and the SDK extremely helpful. Acuant’s team was quick in responding to our queries and assisted us in resolving any issues” said Derek Han, managing director of TRAXX.

“TRAXX can now replace the manual process of visually inspecting documents, a task which is not only time consuming but also dependent on the skill of the human inspector. Acuant has afforded us a great convenience by not only eliminating the need for both parties to be present at the same location, but also at the same time.”

Yossi Zekri, president and CEO at Acuant, added, “We are thrilled to partner with TRAXX to solve the very real problems of establishing trust and optimizing KYC workflows. In this time of increasingly digital transactions and fraud, businesses have to keep up with secure solutions that employ automation. Our goal is to make this as easy to implement as possible and to provide world-class support.”

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