Summary is AI-generated, newsdesk-reviewed
  • iDenfy's KYC integration enhances Adobe Commerce security, preventing fraud with identity verification.
  • E-commerce businesses face account fraud, making advanced security measures crucial for protecting users.
  • iDenfy offers global document verification, maintaining 99.99% accuracy for secure online businesses.

iDenfy, a global player in the realm of identity verification and fraud prevention, has unveiled its latest integration on Adobe Commerce, previously known as Magento.

This new integration aims to assist online businesses by adding a sophisticated security layer to their platforms, particularly benefiting enterprise merchants with a more intuitive onboarding process. This system helps minimise account fraud, protect users, comply with ever-evolving regulations, and enhance the overall shopping experience.

E-commerce fraud: A growing concern

The threat of e-commerce fraud is a significant challenge for online businesses globally, with international merchants losing billions each year to account takeovers and identity theft.

In the United States alone, such frauds are anticipated to account for 35% of total fraud incidents by 2025. As digital commerce expands and international transactions become commonplace, verifying user identities has become as crucial as selling the products and services themselves. Ensuring that businesses can authenticate users at pivotal points in the onboarding process is essential in today’s digital economy.

Advantages of Adobe Commerce

Adobe Commerce is a highly adaptable platform designed for enterprise-level businesses

Adobe Commerce is a highly adaptable platform designed for enterprise-level businesses, enabling them to build, manage, and upscale customised online stores.

It supports multi-site and multi-brand operations and provides personalised shopping experiences through integration with systems such as ERP and CRM, all underpinned by Adobe’s cloud infrastructure and advanced AI tools. This technology facilitates secure, high-performance digital shopping experiences accessible across various devices and global markets.

Strengthening identity security

iDenfy's verification solutions are tailor-made for Adobe Commerce users who require enhanced identity security to prevent fraudulent activities on their online platforms.

The service verifies user identities using government-issued documents, which are easily recognisable through their biometric facial markers. Domantas Ciulde, CEO of iDenfy, emphasised the company's commitment to helping online businesses grow securely and remain compliant while ensuring fast customer onboarding. Users simply need to undergo face verification and present an ID card to complete the process.

Accuracy and fraud prevention

The system can verify over 3,000 document types from more than 200 countries and territories

iDenfy maintains a team working continuously to ensure a 99.99% accuracy rate in processing face recognition data from real users. 

The system can verify over 3,000 document types from more than 200 countries and territories, reducing the possibility of identity theft, fraudulent accounts, and criminal activity. The service is designed to thwart attempts using 3D masks, fake images, and other forms of fraud, with users having the flexibility to use any digital device for verification.

Mitigating high-risk activities

Account takeovers and the creation of multiple accounts for exploiting referral programs and loyalty points are just some of the high-risk activities that iDenfy helps mitigate.

Its identity validation technology is crucial during account registration, high-value purchases, withdrawals, and accessing premium services. Ciulde noted the challenge e-commerce companies face in balancing customer experience with security and encouraged the adoption of robust identity verification and fraud protection solutions that do not disrupt the customer journey.

Facilitating global expansion

Businesses spanning over 100 countries utilise iDenfy’s KYC, KYB, and AML screening solutions, benefitting from faster onboarding, reduced manual reviews, fewer false positives, and adherence to global regulations.

The integration offers merchants fully configurable workflows, including the ability to set risk-based rules, document-type filtering, country restrictions, and implement custom verification steps like address proof checks, simplifying geographic expansion.

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