Age Restricting Venues
Age restricted venues refers to any business who is required to regulate products based on the age of the buyer. Markets include: bars; nightclubs; package liquor stores; lottery; tobacco; casinos; etc. Veridocs offers an age verification services that enables you to quickly scan an ID and store the biographical data (photo included) along with time, date and location of the transaction to aid as an affirmative defense when needed. Veridocs offers standalone, integrated or mobile solutions.
Money Service Business (MSB)
Identity theft afflicts as many as ten million Americans annually and in today’s economy, this number is steadily increasing. Retail money centers are the largest target for fraudulent transactions due to false identity. Organized crime and extremist organizations have devised elaborate schemes that not only have a negative effect on consumers, but on a business’ bottom line.
Veridocs coordinates all of your MSB applications in a single user application. Veridocs automates your BSA requirements while providing real-time identity validation, compliance, and reporting services – all created to help mitigate risk, improve efficiencies and to ensure you Know Your Customers. LEARN MORE >
Banks & Credit Unions
Identity theft afflicts as many as ten million Americans annually and in today’s economy, this number is steadily increasing. Financial Institutions are one of the largest targets for fraudulent transactions due to false identity. For this reason the Federal Trade Commission has instituted the Red Flags Rule (RFR). This rule requires financial institutions, and creditors, to implement policies and procedures that protect them and their customers from identity theft.
By utilizing the Veridocs Banking Solution you will mitigate your risk when:
Opening new accounts
Transacting business with non-account holders
Processing unique transactions
Cage & Credit
Veridocs provides the greatest value in “know your customer” anti-fraud identification assurance, identity theft protection, and the processing of cage and credit transactions. Our data management and image capture capabilities allow cage personnel to build fully-documented system records with all necessary support for Title 31 and Bank Secrecy Act reporting requirements. All documents and events captured at the cage will be available, upon appropriate access authority, to personnel at transaction stations throughout the property or enterprise.
Compliance procedures vary widely within organizations as they relate to personnel requirements, providing the ultimate in “know your customer” provisions of anti-money laundering processes, player/patron reporting, and vendor-related transactions. Veridocs provides the foundation for accurately associating events with the appropriate individuals, aggregating transactions that might result in threshold triggers for reporting purposes and producing reports that will highlight the need for further action.
Veridocs can enable your organization to extend the compliance presence into the functional areas without the presence of additional personnel and ensure that there is uniform application of policies and procedures.
Underage access is a growing concern in entertainment venues everywhere. Many markets, such as casinos, bars and nightclubs are heavily fined for underage access, and stand the risk of losing their gaming, liquor and/or business licenses. Veridocs’ identification validation feature, when deployed at entry podiums, provides your business with the first line of defense for age restriction, self-excluded or denied patron access and has proven to reduce fines by as much as eighty percent (80%), and alleviated turnover in staff for allowing underage access.
Veridocs can interface to your Players Club to provide many benefits. By capturing new players’ data from the identity validation process at your Players Club enrollment stations, automates the data entry portion of new patron sign-up, expediting the process eliminating long lines. The patron’s image can be stored for future verification in the event the card is lost or stolen.
During the identity validation process Veridocs will automatically check on player enrollment in your current Players Club database, allowing you to automate the enrollment process and passively grow your player club enrollment levels.
By using Veridocs and integrating it effectively, you can achieve all of these benefits with less intrusion, fewer errors, improved throughput, and a lower level of player inconvenience.
Security & Surveillance
Security and Surveillance team integration is a key component of our system functionality. All identity validation processes that result in a warning or failure condition alert the surveillance team through the Veridocs alert messaging system to establish a heightened state of awareness for any further actions required by security depending on local policy.
Physical security is a discipline required throughout the property for various functions that range from guest and patron access through vendors arriving at your loading docks. Veridocs provides the ultimate resource in identity validation at each access station and supplies the infrastructure to network all access points in real-time.
Veridocs extends your control and capture of transaction documentation to your front line of gaming activity. Positioning our system in your pit locations will allow for local age and identity validation, electronic image capture of marker transactions, access to existing image documents for pit personnel, and messaging awareness for any events or changes in status that need to be immediately communicated to pit personnel.
Player club data can be captured via the pit and transmitted to the player club staff for automated enrollment and delivery of member cards to players without interruption of their existing play. Game protection is enhanced by true identification of players of interest.
Title 31/BSA Compliance, Monitoring & Reporting
Veridocs offers a comprehensive Title 31/Bank Secrecy Act service to enable you to improve your ability to identify and track a patron throughout their property. Patron ID information can be authenticated and captured to auto-populate existing applications. Secured ID biographical data, photo and MRZs delivers a “clean” patron record decreasing data entry errors and exposure. Your team will have the ability to easily attach a surveillance photo to the patron file along with simple drop-down menu descriptors to definitely track all unknown patrons. This enhanced feature provides more accurate reporting of multiple transactions for the same person.
Veridocs also delivers a full audit trail by patron for the day’s activities in an easy to find and download location for auditors, regulators and compliance team for known and unknown patrons. The real-time tracking of Multiple Transaction Logs (MTL), Suspicious Activity Reports (SAR) and Currency Transaction Reports (CTR) enables you to monitor all casino transactions from a single System. Alerts can be generated when a patron is approaching the filing requirements alerting the user to obtain proper ID. Veridocs indicates IDs that have met a filing requirement earlier that day and instructs to use to collect ID scan based on missing information or time thresholds.