As technology develops, the tourism industry is evolving. It has become easier for them to book any client journey by selling their services online, enhancing their customer experience.
Document verification online also makes it convenient to register clients digitally for travel agencies. Where the technology provides an advantage, it also makes it challenging to comply with all regulations. It also proliferates different financial and identity theft fraud types in the industry. Data breaches from unsecured databases, identity theft, and stolen credentials are common threats in the tourism business. Efficient online document verification software can eliminate these threats.
Identity verification can be beneficial for the traveling industry to eliminate these risks. Companies can follow the KYC ( know-your-customer) procedure to protect their business from fraud. According to the World Travel and Tourism Council, the travel and tourism businesses had a 3.9% growth and contributed a record $8.8 trillion and 319 jobs worldwide before Covid19 pandemic. After this misfortune, it recovered with a big bang. The travel and tourism industry earned $8.35 trillion in 2022 and will hit $9.6 trillion this year.
Business revenue is always a concern for scammers, as greater profit attracts more fraudsters. The same goes for the traveling industry, increased revenue makes it more valuable for scammers. Advanced technology forces most of the industry to shift their business digitally, especially after the natural disaster of Covid-19. Unfortunately, security concern also increases as the cases of financial fraud multiply. That’s why, in the past years travel agencies have been the preferred place for cybercriminals.
Protect Tourism Industry with Document Verification Online
Document attestation is essential in the tourism industry to protect them from identity theft fraud. The hotels and tourism agencies can check the fraudster before onboarding them. In basic words, document verification is a process to authenticate legitimate papers such as passports, bank statements, national IDs, business documents, etc. The document verification online process can be broken down into these steps:
In the first step, the travel agency owner collects the data of customers remotely, they only have to register on the online document verification service provider platform. It is simply done by granting some personal information. These can be named, date of birth, address, or phone number. After registering, customers can upload the required documents, which depend on the travel agency’s policies. These documents and information vary from the travel agency and state regulations. Companies can add attributes for the extra information like company policy to attach the marriage certificate and financial statement.
In traditional document verification, customers needed to visit the office and meet the tourism agent for paper authentication. The internet makes the process easier by replacing manual processes with document verification online. It saves customers’ time and makes it easy for tourism agencies to complete identity verification.
After collecting data remotely, it’s time to show the potential of document-checking online software. The verification documents utilize automated technology like the OCR (Optical Character Recognition), which will extract all complex written data on the papers into soft copy. Then, the legitimacy of this data check by cross-referencing this with various databases. The AML, CTF, and KYC procedures ensure the information does not match with blacklisted persons. Those who are involved in any criminal activity and authenticate individuals are the same who they claim to be.
The online document verification software utilizes advanced technology to check the data multiple times. It assists the companies in examining the provided information thoroughly with AI framework machinery. The robust technology provides mistake-free results and ensures compliance with all financial legislations.
The last and most important step is to confirm the provided data is not duplicated and that documents are not forged. This process authenticates security features and information of the papers, such as verifying fonts, signatures, holograms, and other attributes of documents. It will ensure the document is not counterfeit or fake.
After completing various validation checks, companies can schedule a video call to verify face and voice recognition. Document verification online is the perfect tool to ensure the security of tourism businesses. It utilizes advanced technologies to verify all the papers so a company can build a trustful relationship with the customer. Companies can simply decline their request if any error comes or documents are flagged. They can also proceed with that peculiar document in a manual process, where the human can check the problem and confirm the authentication of that document.
Conclusion of Documents Verification Online
As the traveling agency grows, security concern is also proliferating in the industry. The slow verification process demonstrates the worst business reputation and increases the bounce rate of the customers. On the other hand, document verification online with premium technology enhances security and improves companies reputation.