Online Identity Verification Has Many Concerns
What is the Future of Online Identity Verification? Already, as online identity verification continues to drive forward by leaps and bounds, it is also worth looking what the future holds for this industry. Sadly, there is no crystal clear ball to hold, though some are predicting a bright future for this industry. With that said, let us take a look at what some of these predictions are.
First, with eidas and other upcoming technologies that support electronic signatures, identity verification may become a whole lot easier. An individual will be able to sign documents electronically which can then be verified by a third party company. This process may not happen overnight however. marketing will need to remember that while eidas is a relatively new technology, many of the benefits associated with it have been around for decades.
Secondly, with the implementation of the Fair Credit Reporting Act (FCRA) by the Federal Trade Commission, online personal identity verification will be even easier. marketing that all consumers will be able to verify their identities online for free within 15 minutes. Furthermore, anyone who requests proof of an identity for a credit or debit card will be able to do so for free. Therefore, a person will be able to verify their own identities and reports online without having to pay a dime.
Thirdly, we are going to see advancements in the on-board experience for both customers and companies alike. Currently, companies have to manually input information into a system which is then stored on a server. With the coming of on-board computer software, users will be able to verify their own identities within seconds which will help improve customer onboarding process and increase revenue.
Fourth, we are also going to see further advances in the realm of electronic medical records. Currently, all EMR's have been sent via fax. However, there are still some problems with patient privacy that can only be solved with electronic medical records (emr). marketing of electronic medical records is to provide health care providers with a permanent electronic storage locker for their EMR's, ensuring that all documentation is protected and can be retrieved in a timely fashion. In addition, as online identity verification becomes more prevalent, medical professionals will be required to implement stronger password requirements during patient signups.
Fifth, we are going to see further strides being taken in the area of verifying identities when it comes to the issuance of driver's licenses. Currently, every individual applying for a drivers' license has to go through the same process of submitting their social security number, birthdate, etc. This can prove tedious for many individuals when they are pressed for time or are already pressed for money. Luckily, the United States government has considered the problem and is working on a way to eliminate the need for social security number verification. So far, the only known alternative to this verification has been to require applicants to go through a waiting period between submitting their identity documents and receiving their license. However, officials are looking into ways to eliminate this step altogether, such as by using biometric technology that would allow a prospective driver to simply scan a barcode or sign their name electronically.
Sixth, there is a pressing need for accuracy when it comes to the area of identity verification. Currently, all EMR's have been sent via fax. As faxes may not always be handled correctly, or identity thieves have always been around, there is a real concern that someone could falsify one's information and end up obtaining a fraudulent EMR or other documents. By taking a few simple precautions, the United States government is attempting to make the online verification process more accurate and streamlined.
Seventh, we are also going to continue to make great strides in the area of user experience design. Identity verification process improvements are only going to be successful if users feel comfortable using them. This is why the Federal Trade Commission is spending a significant amount of time and money focusing on user experience design at identity clearinghouses.