{"id":390244,"date":"2020-12-01T06:03:14","date_gmt":"2020-12-01T11:03:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=390244"},"modified":"2020-12-01T06:03:14","modified_gmt":"2020-12-01T11:03:14","slug":"traxx-payments-pte-ltd-selects-acuant-for-leading-kyc-solution-to-provide-secure-transactions-and-streamline-its-payment-services","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/traxx-payments-pte-ltd-selects-acuant-for-leading-kyc-solution-to-provide-secure-transactions-and-streamline-its-payment-services\/","title":{"rendered":"TRAXX Payments Pte Ltd Selects Acuant for Leading KYC Solution to Provide Secure Transactions and Streamline its Payment Services"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">LOS ANGELES, Dec.  01, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XnTnfx1VQPxhC0Nnip1ZUZgDnH1WD5TyvZAlCLa5IWlEJ4gLhXmhillPsnjE4vZAvgpXNXuGcmps8V6B2KXP-g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Acuant<\/u><\/a>, a leading global provider of identity verification solutions, today announced it was selected by <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=whbyMTOnlhKGA3SZBvCWQSmJbIOAyLS04Ov4rqPhxWzv0WeRDUGMCQNXUrxRN_wq1mL9S1dggtfiIiz5AFHMXw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">TRAXX<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6PgonZXZz6uff75aVY1jORgGMDCKLztJ5stssfj2sTrTbf6fanoQJfakzZMk0l3S8671lZaN9oh7VO5D1iIiWw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"> Payments Pte Ltd<\/a>, a global payment processing service provider, to create a seamless digital Know Your Customer (KYC) process for its clients. Utilizing Acuant\u2019s <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XpNKadRevBaidsPfjv4EDJgGpE3DoqMBTspe3Epx47zBEj-PCPOHWqGPqaft6DUsESTFLDDClwdhRlUIwKXUnujNZtU1PqCNtQPK9JPp6t_y3FM4UOgaTvPyVanHG0fw\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>AssureID<\/u><\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MwMNlRddmiEmTUpa29N3P_HJQ7S0OQrs-7wW69aCHq8ETQ7oXqLt_H4vMq6L4tsDQ-neHAqlPfrbWHMGjdpQ1lj2lMTFmdpFxFJRY6WlHNmK5xbnxNCyYjaS8B5AMZd4\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>FaceID<\/u><\/a>, TRAXX has replaced its manual process of visually inspecting documents submitted with an automated, more accurate verification process. This has allowed TRAXX to adapt its payment method in a constantly evolving landscape, providing faster, smoother and safer transaction processes for customers.<\/p>\n<p>TRAXX securely connects merchants to customers. To ensure the highest transaction quality, it analyzes and optimizes their processes, implementing anti-fraud measures to ensure secure transactions. TRAXX offers its services globally to clients such as Visa and Mastercard, and traditionally relied on its clients to send their KYC screen packages physically and digitally. With <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ptWKvdwKbNU2vpse-psA_ZxbTkzGEio514LPhu_s3UqHs3ifJS5IiEi215OLDuenDA4Ci7hu7GwsiIEWZRpe_A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">TRAXX.ID<\/a>, it now offers a seamless, cost-efficient screening service, increasing the operational efficiency of a company&#8217;s transaction process.<\/p>\n<p>TRAXX chose Acuant over other vendors due to the simplicity of its implementation process and powerful solutions. Acuant smoothly integrated document authentication and biometric facial recognition match with a liveness test into TRAXX\u2019s digital KYC platform. Acuant\u2019s customer service was also a deciding factor, citing the teams&#8217; quick response time.<\/p>\n<p>\u201cOur team found the integration process simple and the SDK extremely helpful. Acuant\u2019s team was quick in responding to our queries and assisted us in resolving any issues\u201d said Derek Han, Managing Director of TRAXX. \u201cTRAXX can now replace the manual process of visually inspecting documents, a task which is not only time consuming but also dependent on the skill of the human inspector. Acuant has afforded us a great convenience by not only eliminating the need for both parties to be present at the same location, but also at the same time,\u201d Han concluded.<\/p>\n<p>\u201cWe are thrilled to partner with TRAXX to solve the very real problems of establishing trust and optimizing KYC workflows,\u201d said Yossi Zekri President and CEO at Acuant. \u201cIn this time of increasingly digital transactions and fraud, businesses have to keep up with secure solutions that employ automation. Our goal is to make this as easy to implement as possible and to provide world-class support.\u201d<\/p>\n<p>\n        <strong>About Acuant<\/strong><br \/>\n        <br \/>Acuant&#8217;s\u00a0Trusted Identity Platform\u00a0powers trust for all industries with automated\u00a0identity\u00a0verification, regulatory compliance\u00a0(AML\/KYC)\u00a0and digital identity solutions. Omnichannel deployment offers\u00a0seamless customer experiences to\u00a0fight fraud and\u00a0establish trust\u00a0from any location\u00a0in seconds. Patented technology is powered by AI and human assisted machine learning to deliver unparalleled results and operational efficiency. Acuant gives you\u00a0real time,\u00a0actionable insights to detect suspicious behavior while expediting trusted identities. With\u00a0leading partners in every\u00a0major\u00a0industry\u00a0and\u00a0completing\u00a0more than\u00a01billion transactions in over 200 countries and territories,\u00a0Acuant\u00a0is the leader in global coverage. To learn more visit\u202f<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=a5sUOezIYB0xc7zoWGTJBMQjT8Li-ZE4gOHGoivx01w37RKrG90VnDtMtYUWOxvZbuOFzUOxaGYNVq4i6ezjuWDgDwTvO0RxvB1WvPd7bXo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/www.acuant.com<\/u><\/a>\u00a0<\/p>\n<p>\n        <strong>Contact<\/strong><br \/>\n        <br \/>Malini Gujral<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xOOv054vtUr4sZMeacGcLOa2ym4XgrYHaEZeSyXDFhIBo1fCwTmrfb_f4KrAVdn5YiE269RT8hz4yI3sDgHPHV-BEJJGWD-imavlNynq3yU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">marketing@acuant.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NDE5MiMzODQ5MzM3IzUwMDA3NTQ5NQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/86ca79c9-f2ec-4240-945e-51d9e95d04af\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, Dec. 01, 2020 (GLOBE NEWSWIRE) &#8212; Acuant, a leading global provider of identity verification solutions, today announced it was selected by TRAXX Payments Pte Ltd, a global payment processing service provider, to create a seamless digital Know Your Customer (KYC) process for its clients. Utilizing Acuant\u2019s AssureID and FaceID, TRAXX has replaced its manual process of visually inspecting documents submitted with an automated, more accurate verification process. This has allowed TRAXX to adapt its payment method in a constantly evolving landscape, providing faster, smoother and safer transaction processes for customers. TRAXX securely connects merchants to customers. To ensure the highest transaction quality, it analyzes and optimizes their processes, implementing anti-fraud measures to ensure secure transactions. TRAXX offers its &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/traxx-payments-pte-ltd-selects-acuant-for-leading-kyc-solution-to-provide-secure-transactions-and-streamline-its-payment-services\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TRAXX Payments Pte Ltd Selects Acuant for Leading KYC Solution to Provide Secure Transactions and Streamline its Payment Services&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-390244","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TRAXX Payments Pte Ltd Selects Acuant for Leading KYC Solution to Provide Secure Transactions and Streamline its Payment Services - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/traxx-payments-pte-ltd-selects-acuant-for-leading-kyc-solution-to-provide-secure-transactions-and-streamline-its-payment-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRAXX Payments Pte Ltd Selects Acuant for Leading KYC Solution to Provide Secure Transactions and Streamline its Payment Services - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, Dec. 01, 2020 (GLOBE NEWSWIRE) &#8212; Acuant, a leading global provider of identity verification solutions, today announced it was selected by TRAXX Payments Pte Ltd, a global payment processing service provider, to create a seamless digital Know Your Customer (KYC) process for its clients. Utilizing Acuant\u2019s AssureID and FaceID, TRAXX has replaced its manual process of visually inspecting documents submitted with an automated, more accurate verification process. This has allowed TRAXX to adapt its payment method in a constantly evolving landscape, providing faster, smoother and safer transaction processes for customers. TRAXX securely connects merchants to customers. To ensure the highest transaction quality, it analyzes and optimizes their processes, implementing anti-fraud measures to ensure secure transactions. 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Utilizing Acuant\u2019s AssureID and FaceID, TRAXX has replaced its manual process of visually inspecting documents submitted with an automated, more accurate verification process. This has allowed TRAXX to adapt its payment method in a constantly evolving landscape, providing faster, smoother and safer transaction processes for customers. TRAXX securely connects merchants to customers. To ensure the highest transaction quality, it analyzes and optimizes their processes, implementing anti-fraud measures to ensure secure transactions. 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