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Verime Ico Review: Facilitates easy and fast user authentication for merchants

About Verime

This privacy policy has been compiled to better serve those who are concerned with how their ‘Personally identifiable information’ (PI) is being used online. PI is information that can be used on its own or with other information to identify, contact, or locate a single person, or to identify an individual in context. Please read our privacy policy carefully to get a clear understanding of how our app collects, uses, protects or otherwise handles users’ Personally Identifiable Information. By using the Services, You acknowledge, consent and agree that Verime may collect, process, and use the information that you provide to company and that such information shall only be used by company or third parties acting under Verime direction, pursuant to confidentiality agreements, to develop, tune, enhance, and improve the Services.

Although Verime may attempt to notify you when changes are made to this Privacy Policy, you are responsible for periodically reviewing any changes which may be made to the Policy. Company may, in the sole discretion, modify or revise the Policy at any time, and you agree to be bound by such modifications or revisions. When you register with us, you provide us information about yourself – your name, email address, mobile phone number, physical address, Zip code and any other PI data etc., and sometimes financial information, such as Payment information which is stored in the form of Secure Payment Tokens.

If you correspond with Verime by e-mail, company may retain the content of your e-mail messages, your e-mail address, and platform responses. Additionally, company store information about users’ contacts when users manually enter contact e-mail addresses or transfer contact information from other online social networks. Verime also collect general information about your use of company services.

Basic Information

Name Verime
Language  English
Social Media Bitex Ico Review : first locally-embedded crypto-bankBitex Ico Review : first locally-embedded crypto-bankBitex Ico Review : first locally-embedded crypto-bank
Symbol VRM
Country  Singapore
Platform  Ethereum
Current price   0.0495743 USD
Hard Cap  ——–
Whitepaper Click Here For View Whitepaper
Website Click Here For Visit ICO Homepage

KYC Challenges

Slow: Manual KYC process is slow and outdated which increases friction between service providers and customers. Such identity verification methods have been causing a rise in customer drop off rates, costing service providers a lot of their potential revenue.

Expensive: There is a cost of maintaining a fully dedicated system to perform KYC.. Such systems and databases require putting substantial amounts of resources to ensure every new customer or client you have onboard, is genuine as well as verified.

Risky: Your identification traits submitted during verification, either online or offline are always susceptible to identity theft. If the personal information you have supplied gets into hands of cyber criminals, it can be manipulated and used for their malicious intents.

Tedious: The job of proving identity to every organisation which demands a KYC check is tedious as well as boring. Customers find it very inconvenient to carry the same set of documents, along with their photocopies, everywhere the service providers demand it.

Solution – D-KYC

To solve all the issues mentioned above, Verime have developed D-KYC, a digital identity verification platform to suit anyone’s and everyone’s verification needs. It performs KYC processes remotely and completely online without requiring customers to meet, fill out forms and submit documents. Providing customers with best in class customer on boarding functionality, VeriME offers identity verification services which are completed within seconds. The benefits?

Authentication Challenges

Not Secure: Current methods of payment authentication such as 2 factor/3 factor authentication are prone to many security threats such as Man-in-the-middle (MitM) or Man-in-the-Browser (MitB) attacks, thus failing to protect sellers and buyers.

Expensive: Current payment authentication methods involve many players. E.g. a 3D Secure authentication offered for Credit/Debit Card Payments involves the Issuing Bank, Acquiring Bank, Payment Schemes, ACS (Access Control Server) and MPI (Merchant Plug In) providers etc. thus making the solution quite expensive for merchants.

Inflexible: Present methods of authentication heavily rely on sending security codes through SMSs. These SMSs might not be delivered due to network error, or the mobile number not being in service anymore. Such scenarios pose a serious problems for the customers as they aren’t able to complete their purchases in time.

Inconvenient: 2 factor/ 3 factor authentication involves redirecting customers to a new page or sometimes shows errors with regards to page validity. These issues cause customers to drop off their purchases thereby increasing the basket abandonment rates.

Solution – D-Secure

Helping merchants & partners achieve seamless and secure authentication, Verime  offers D-Secure service which allows authentication of VeriME users within seconds thereby minimising customer drop-off rates . This solution would not only authenticate the customer, but also would provide full chargeback/dispute protection to VeriME partners and their Merchants. The benefits?

Mission

Verime are on a mission to Digitize KYC and Authentication processes, increase transparency with Blockchain, provide access anytime anywhere via personal mobile device and minimize time and cost for partners while maximizing customer experience. Verime vision is to become the leading unified decentralized VaaS platform in the Blockchain space and beyond.

Bringing a Change

Identity verification process has remained unchanged for last 40 years. With VeriME, Verime are bringing about a change by introducing blockchain based easy, fast and secure way of digital identity verification and authentication.

Making the Process Simpler and Safer

With Verime, you can complete the verification and authentication process from the comfort of your home. No excessive documents to make copy of, no documents to submit or go through.

Giving Consumers Peace of Mind

With Verime, you need not worry about your personal data falling into wrong hands. All copies of your personal details or documents present will be stored in an encrypted format and would never be shared with any third party, not even with Verime.

Achieving Highest Level of Authentication

Verime uses combined knowledge of Machine Learning, Blockchain, Cloud Computing and Artificial Intelligence to provide you the most accurate verification, greater than the accuracy achieved by traditional methods of humans.

Also check – Cyclean Ico Review: CyClean Join the Clean Cycle

Team

Membe

Pham Ngoc Tram Anh –  PR Manager

Parag Arora – Block-chain Engineer

Ha Thu trang – Project coordinator

Sanjeev kumar –  Co founder & chief strategist

Brenn Hill –  Block-chain Engineer

Dang Tuan Anh – Product manager

Also Read – Click Here for Read All ICO Review

[su_quote]This article is writing on 21 May 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- 918077121282[su_quote]

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