Proof of Address
Proof of address confirms that the address stated for the verification purposes
is actually a residence address and ties the user to a specific location.
Proof of address provides several benefits, including verifying an individual’s residence and establishing their credibility. It is often required for official purposes such as opening a bank account, applying for a loan, or obtaining a driver’s license. Additionally, it can help prevent fraud and ensure that individuals are eligible for specific services or benefits based on their residence.
Proof of address verification is crucial in verifying an individual’s identity and establishing their credibility. It plays a vital role in official transactions, such as opening a bank account, applying for a loan, or obtaining a driver’s license. This process helps to prevent fraud, ensure that individuals are eligible for specific services or benefits based on their residence, and further strengthens the verification process.
During the Proof of Address verification, we check the accuracy and authenticity of the provided document(s) to confirm the individual’s name and residential address. The document could be a utility bill, bank statement, government-issued ID, or any other official document that displays the individual’s name and address. The information is then cross-checked against public records and databases to ensure that the address is valid and the individual is who they claim to be. The process helps to prevent fraud, identity theft, and ensures regulatory compliance.
Fully-Verified supports a wide range of documents for Proof of Address verification, including but not limited to:
Please note that the specific documents supported may vary depending on the country and region.
The Proof of Address verification process typically involves the following steps:
Request: The business or organization requests proof of address verification from the individual or customer.
Submission: The individual submits the requested documents, which typically include a valid ID and a document displaying their name and address.
Verification: Fully-Verified’s technology and team verify the authenticity and accuracy of the provided documents. This process involves cross-checking against public records and databases to ensure that the address is valid and the individual is who they claim to be.
Result: Upon successful verification, Fully-Verified confirms the authenticity of the document and provides the business or organization with the necessary information for compliance or eligibility purposes.
Record-Keeping: Fully-Verified maintains a record of the verification for future reference or regulatory compliance purposes.
Overall, the Proof of Address verification process is designed to be fast, secure, and compliant, ensuring that businesses can verify the identity and address of their customers quickly and accurately.
Fully-Verified was created as answer to its founders collectively losing over $150 000 to various types of fraud in their eCommerce businesses.