IDVerse, formerly known as OCR Labs Global, proudly announces its collaboration with Mastercard by becoming a key participant in the Mastercard Engage partner program. The focus of this partnership is to provide Mastercard customers with a cutting-edge, fully automated identity verification solution.
What is IDVerse’s Solution?
In a rapidly evolving digital landscape, IDVerse’s technology is set to revolutionize the accessibility of Mastercard services across a diverse range of connected devices. By actively addressing AI technology bias and embracing generative AI, IDVerse is championing inclusivity and combating discrimination based on race, age, and gender. This strategic move positions IDVerse at the forefront of global fraud prevention, staying vigilant against emerging threats like synthetic media and deepfakes.
Key Features of IDVerse’s Inclusion in Mastercard’s Engage Partner Program:
- Zero Bias AI™ Technology: IDVerse introduces identity verification solutions tested with Zero Bias AI™, ensuring inclusivity and preventing discrimination related to race, age, and gender.
- Seamless Integration: Mastercard customers can experience swift and seamless integration of automated digital identity verification systems, streamlining customer onboarding processes.
- Operational Efficiency: Businesses partnering with IDVerse can expect an efficiency boost, with a significant reduction in manual review requirements for identity verification, achieving an impressive 99% accuracy rate.
The collaboration aligns with the evolving needs of consumers in an era where connectivity is paramount. With 8.4 billion connected devices worldwide, Mastercard’s Digital First Card Program aims to enhance digital payment experiences comprehensively. As a technology integration partner, IDVerse will play a pivotal role in supporting Mastercard customers in 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 digital 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 has successfully connected businesses with over 150 technology partners, facilitating the deployment of innovative solutions for more than 500 million consumers using Mastercard products and services. IDVerse’s participation underscores the program’s dedication to driving technological advancements in the digital identity verification landscape.
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