An e-commerce platform offering buy-now-pay-later and store credit at checkout needed to verify customer identity quickly enough to not disrupt the purchase flow, while still catching attempts to use stolen or fabricated identity details for credit fraud.
The Challenge
- Credit approval at checkout needed to happen in seconds, not minutes
- Fraudulent applications used real-looking but stolen identity details
- Any added checkout friction directly hurt conversion
The Solution
Veriqos' identity verification runs invisibly at the moment a customer applies for checkout credit, confirming PAN and identity details in real time against source records before credit is approved.
The Results
Credit approvals now complete within the checkout flow itself with no added wait, while fraudulent applications using stolen identities are flagged before approval instead of after a chargeback.
