What is online identification?
Online identification is a procedure used by myPOS to verify the identity of its clients. This process is designed to be quick, simple, and user-friendly, ensuring that clients can easily complete their identity verification using the myPOS mobile app.
Steps and Requirements:
1. Required Documents: To complete the identity verification, clients need to have a valid driver's license or a passport with a picture. It is important to present the actual document, not a copy.
2. Verification Process: Clients will be guided through the process via the myPOS mobile app. The app will request permission to access the smartphone’s camera and microphone to take a photo of the document and a selfie.
3. Simple and Efficient: The process is designed to be intuitive, with clear instructions provided at each step to ensure a smooth experience. This helps in minimising the time and effort required to complete the verification.
4. Additional Security: The process involves several layers of security, including data encryption and secure storage on servers located in Luxembourg. Only authorised verification personnel can access the submitted personal details, ensuring high levels of data protection.
By utilising online identification, myPOS streamlines the onboarding process for new clients while maintaining compliance with regulatory requirements such as the EU Fourth Money Laundering Directive. This approach not only enhances security but also improves convenience for users.