Online identity proofing service miiCard today introduced a number of new customers within the financial services industry across a wide range of applications that collectively demonstrate the continued need and push for trust online.
Named customers include Allre, Xpenditure, ClearAccount, Bittylicious, and btcQuick. Announced from the emerging payments and financial services conference Money2020, these new customers highlight miiCard's ability to prove a consumer's online identity to the level of an offline photo ID check, purely online and in just minutes.
"The web presents incredible opportunity for financial service innovation, but to fully realize this potential we must be able to trust the person on the other end of the browser," said miiCard CEO James Varga. "Selling your home entirely online or trading in new virtual currencies are examples of the powerful new services possible with true trust and verified identities."
Verifying the Bitcoin Economy
miiCard announced that it will verify user identity for new Bitcoin exchanges Bittylicious and btcQuick to the level of Anti-Money Laundering and Know Your Customer standards. As Bitcoin exchanges continue to move more mainstream, identity verification is a critical part of meeting these compliance standards.
Bittylicious is a UK-based Bitcoin exchange and wallet promising faster payments and transactions. btcQuick allows users to purchase Bitcoins with a credit or debit card. Both companies will use miiCard to prove user identity for currency exchanges and transactions.
Driving Online Real Estate Transactions
Allre securely and confidently connects homeowners and buyers to purchase and sell homes completely online and independent of real estate agents using the miiCard identity verification platform. Through miiCard, Allre is able to save homeowners time, money and stress by providing robust disclosure, contract, identity check, valuation and negotiation tools, but with no agent commissions.
Powering New Banking Services
miiCard confirms identity and certifies official bank statements for a number of next generation banking services, including the ClearAccount overdraft protection service and expense management company Xpenditure.
ClearAccount offers a fresh alternative to high cost and inflexible pay day loans by providing a controllable facility that can prevent unauthorized overdraft fees. ClearAccount will use miiCard as a quick and accurate way of verifying user identity, allowing immediate access to its unique revolving credit facility which operates as a safety net, automatically depositing funds to prevent customers from incurring unplanned and expensive unauthorized bank overdraft fees.
With miiCard, Xpenditure users can authorize automatic uploads of bank statements for seamless expense receipt matching and payment.
miiCard's patented Level of Assurance 3+ identity verification service leverages the authority and security inherent in a member's online financial accounts to prove identity to passport or photo ID standard. miiCard can also be used as a global Bring Your Own Identity (BYOID) service that gives individuals the convenience, control, ease and flexibility of a single trusted identity that can be used across the web. miiCard is available in ten countries and can verify over 350 million people today.