World-leading digital ID verification company IDVerse (previously known as OCR Labs Global) today announces joining the Mastercard Engage partner program to offer a fully automated identity verification solution to Mastercard customers.
IDVerse’s technology enables Mastercard to reach a wider range of connected devices by reducing AI technology bias towards newer devices and operating systems. IDVerse is taking the lead in training deep neural network systems through generative AI, actively combating discrimination based on race, age, and gender - whilst staying ahead of global fraud trends such as synthetic media and deepfakes.
IDVerse’s inclusion in Mastercard’s Engage partner program translates into:
• Access to Zero Bias AI™-tested identity verification ensures inclusivity and safeguarding against discrimination related to race, age, and gender through generative AI technology.
• Swift and seamless customer integration and onboarding with automated digital identity verification systems.
• Efficiency boost and reduced operational expenses with a notable decrease in manual review requirements for identity verification, leading to 99% accuracy.
Today, consumers are more connected than ever before. The surge in demand for enhanced digital functionalities reflects this shift, with 8.4 billion connected devices worldwide.1 Mastercard is creating solutions for the new consumer reality and improving experiential banking.
The Mastercard Digital First Card Program enables digital payment experiences for consumers - from card issuance and usage to financial management and benefits, with an optional physical card. As a technology integration partner, IDVerse will support Mastercard customers in quickly building and deploying identity verification solutions at scale.
Libby Robinson, Head of Partnerships at IDVerse, added, “We are immensely proud to join the Mastercard Engage Program. Partners in the program will benefit from IDVerse's robust global document coverage and compliance certifications that ensure the highest standards in our offerings. Our fully-automated identity verification solution, powered by Zero Bias AI™-tested technology, embodies the future of secure digital onboarding. Through this collaboration, IDVerse is committed to empowering Mastercard customers to seamlessly automate digital identity verification (IDV) and navigate the complex balance between security and user experience.”
Mastercard Engage connects businesses with qualified technology partners. Since the program's inception, more than 150 Mastercard Engage partners have helped their customers deploy innovative solutions for more than 500 million consumers using Mastercard products and services.