Features & Benefits

Equifax myVerified pass is a secure framework that can help accelerate customer conversion while ensuring operational resilience and facilitating privacy compliance.

  • Reduce the liability

    By utilising Equifax Exchange or myVerified Pass, you can receive verified claims (e.g. "This person is over 18") without the burden and security risk of storing the actual document. This helps reduce ‘data honeypots’, lowering your exposure to data breaches and associated legal risks.

  • Lower compliance & operational costs

    Utilising Equifax Exchange or myVerified Pass can help you to meet regulatory obligations such as Know Your Customer (KYC) more efficiently. It might also reduce the overhead costs of managing sensitive personal information (PII) and physical document storage, while maintaining a full audit trail for regulatory compliance. By turning identity verification into a reusable asset, you can cut long-term friction, drastically reducing recurring re-verification costs across different customer touchpoints and journeys.  
     

  • Empower customer consent

    Build trust by giving customers full visibility into what information they share and with whom. Customers use their mobile device to grant granular consent, allowing them to share only what is necessary for the transaction.

  • Reduce fraud risk

    Biometric scans authenticate users in real-time as documents are uploaded. Our advanced liveness detection works to distinguish real users from digital forgeries by helping detect sophisticated presentation attacks, such as 3D masks and video replays.

    The Biometrics services used by myVerified pass leverages deepfake  technology to expose AI-generated fakes that manual reviews often miss, ensuring a low false accept rate, thereby increasing security.
     

  • Streamline identity verification workflows

    Scale your verification tiers to match your specific risk appetite and compliance needs. Instead of manual reviews, leverage our automated system to request specific levels of information return.

    • Privacy-First Tier: Instant age verification with a simple Pass/Fail result and no PII shared.
    • Standard Tier: Confirms the Identity Proofing Level (IPL1 to IPL 2+) to meet government and industry standards or to adhere to any specific risk policy of your business.
    • Full Assurance Tier: Provides verified attributes including Name, DOB, Age checks and Email. Our verification tiers cross-reference identities against high standard, Australian government-issued documents, including AU Driver's Licence, AU Passport, Medicare, and Immicards. This gives you the flexibility of zero-knowledge options to verify key facts like age or identity level without ever touching or storing sensitive raw documents. 
       
  • Accelerate onboarding

    Improve conversion rates by allowing customers to verify themselves in minutes. Accepting reusable identities, can help reduce friction and lower drop-off rates, helping streamline your customer onboarding from application to approval. For returning users, accepting reusable, verified claims can cut identity verification (IDV) time to a few minutes, helping you capture abandoned revenue traditionally lost to tedious, high-friction registration forms.