At Socure, we’re committed to the continuous improvement of our ID+ solution for consumer verification. Soon, clients will need to take action in order to ensure continuous service as we make updates to our product.
Version 2.5 of our ID+ digital identity verification solution has yielded incredible results in fraud reduction (as high as 90%+), increased acceptance (95%+) and manual review optimization (down to less than 5%). As a result, version 2.0 of the AuthScore and EmailAuthScore APIs will be deprecated over the coming months.
Version 2.0 Deprecation Schedule:
April 28, 2016: KYC verifications from version 2.0 will no longer be available
July 31, 2016: All functionality of version 2.0 will be fully deprecated. As of this date, API calls will no longer return ID verification data
Remember, Socure can be your single-source for KYC/CIP, with GBLA and DPPA compliant data covering over 97% of the US population. Optionally, expanded global watchlist data (sanctions and enforcements, adverse media, PEP, state-owned entities) is now available as well.
Upgrading to version 2.5 is easy and free. Contact your Solution Engineer to learn more!
Johnny is the co-founder and CEO of Socure. As an industry expert on fraud prediction, authentication, and KYC/CIP/AML verification, he has helped to craft the ID+ solution into a powerfully predictive tool for tier-one financial institutions to better understand digital identity and onboard new customers. Socure is the second company he's co-founded, having also led international teams for growth ventures marketing to organizations large and small, across 6 different continents.