What is Marketplace Fraud? - Socure Glossary

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The new standard for digital identity verification, providing real-time, predictive analytics for the most accurate and comprehensive identity verification and fraud prediction—all through one API.

Socure named a Leader in The Forrester Wave
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Eliminate the need for limited, single-point solutions and gain a holistic view of identity with the industry’s most comprehensive digital identity fraud prevention suite.
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Protect your organization with market leading data coverage, unmatched accuracy, demonstrable controls and world-class tools to efficiently manage your operations
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ID Document Verification

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Stop more fraud without sacrificing customer experience with the industry’s highest accuracy rates and fastest response time.

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3 Warning Signs That Your ID Verification Process is Robbing You of Revenue
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. Socure Account Intelligence
Verify the status and ownership of non-traditional accounts held at digital banks, credit unions, and regional banking institutions.

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Align policy with process, automate decisions, help ensure compliance, and efficiently scale growth.

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Prevent fraud across your portfolio, and demonstrate compliance in an evolving regulatory environment.

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Explore, monitor, and audit crucial KPIs to optimize your operations, ensure regulatory compliance, and proactively address emerging risks to your business.
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Industries Seamlessly onboard more good customers while preventing fraud—no matter your industry.

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Financial Services
Verify identities and stop fraud throughout the customer lifecycle, while meeting the most stringent compliance requirements.

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Marketplace
Strengthen the reputation of your ecosystem and instantly onboard more consumers and sellers without increasing risk.

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Sharing Economy
Ensure trust & safety while instantly onboarding more consumers, sellers, and gig workers without increasing fraud.

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Online Gaming
Maximize player conversion rates and reduce identity fraud losses while maintaining compliance.

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Buy Now Pay Later (BNPL)
Auto-accept more shoppers, attract more merchants, and protect your customers from identity fraud.

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Public Sector
Increase auto-verification rates of eligible individuals, improve program integrity, and eliminate manual reviews.

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Crypto
Verify identities faster and accelerate time to funding, trading, purchase, and storage.

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Workforce
Register and onboard more good applicants with passive identity verification.

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Sponsor Bank
Streamline BaaS management, enhance compliance, simplify partner oversight, and grow your customer base.
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Socure named a Leader in The Forrester Wave
Identity Verification Solutions Q4 2022
See More

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Marketplace Fraud

Marketplace fraud represents any fraud occurring on marketplaces or auction sites, such as fake listings that misrepresent items for sale (including the resale of stolen or illegally obtained goods) or merchandise that the seller never intends to deliver. The risks to marketplaces include financial losses in the form of chargebacks and degraded platform reputation.

New eCommerce Industry Research: 3 Key Fraud Concerns For the 2021 Holiday Selling Season

Buy Now, Pay Later Will Fuel Identity Fraud: 2022 Fraud Trend Series

What Businesses Can Do About a Trillion-Dollar Fraud Problem

Socure is the leading platform for digital identity verification and trust.

Its predictive analytics platform applies artificial intelligence and machine learning technology with trusted online/offline data intelligence from email, phone address, IP, device, velocity, and the broader internet to verify identities in real time.

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