Keeping Minors in Restricted Space: The Importance of Age Verification in Digital Space
Age verification lies firmly with the website provider that is becoming a growing concern for countries as well as organizations. By enforcing age verification procedures on their website, children won't be able to purchase age-restricted products or services.
Humans had always used technology for its positive and negative implications. In today's era, as the world became more digital, society saw its fair share of advantages and disadvantages. There is hardly anyone without an urge to go online and explore multiple sites, irrespective of their source.
Stemming-up from the digital world, frauds, and scams have become a common practice in the digital world that cornered youth into doing their bidding. Youth neglects the bigger picture while surfing online. They leave tracks of their information online that is picked by fraudsters with malicious intent.
According to Comparitech, “almost 1.3 Million children have their identities stolen each year”. Children nowadays are involved in playing games online, watching tv, and making purchases online. Multiple activities on various sites could compromise children’s safety online that can make child identity theft a serious concern for public and private entities.
Thus, an age verification service was a much-needed requirement in the contemporary world. Age verification solution has become quite useful in screening minors of all ages, thereby helping children not fall victim to online dangers.
With new verification methods replacing the old, AI integrated with age match tools prevents minors from checking into age-restricted websites. Although the identity verification tech continues to evolve with advanced features, children find new ways to cheat their way into the system.
The Importance of Age Verification in Digital Space
Age verification tools are largely incorporated by companies dependent on securing their customer's identities. Merchants can give limited access to minors with an online verification system that helps organizations in keeping-up with KYC and AML compliance.
“Are you 18, yes or no?” We are all familiar with this type of two-factor age verification check that no one tends to take seriously - especially those who should. Merchants relying on old verification methods online have continued to compromise their integrity. Some latest additions to the age verification system have outsmarted minors against age-sensitive products and services.
How Age Verification Software Works?
Age verification software identifies and verifies a person’s age to authorize them for making a purchase. Usually, a person is required to share their identity card that is automatically checked by identity verification software. Facial recognition, AML, and KYC Screening, document verification, age match, and address verification or a combination is usually required to verify a person.
Document Verification: Children visiting an online website are usually checked for some ID, whether it's a tobacco website or a gambling website. The age verification service authenticates a hard copy identity document (passport or national ID) to verify the age of a person.
Address Verification: Address verification helps businesses to fight against fraudsters and compliance fines. It requires managing the chargeback fraud to improve customer experience.
Facial Recognition: With AI-based facial recognition software, it's easier to identify fake image detection, liveness detection, microexpressions analysis, anti-spoofing checks, and human attribution analysis.
KYC Analysis: KYC analysis runs a person’s background check to verify if they have committed any criminal offenses in the past.
Industries that Require Age Verification
Some Industries that offer age-restricted products or services are required by law for age verification to confirm a person's identity.
The gaming industry has seen the most growth in recent years. “The gaming industry in Europe is expected to generate EUR 180 billion by 2021”, as stated by IDnow. Every year gaming companies bring more users onboard, where compliance has become an issue at present. To ensure maximum security, regulatory authorities have enforced strict age verification requirements in many countries.
Germany is quickly moving towards a new Gambling Treaty that would go into effect in June 2021. Gaming companies would be required to conform to the new rules, regulations, and license requirements after enforcing the new treaty.
Alcohol and Tobacco Stores
Minors are restricted from drinking or smoking by the law. In the USA and other countries, each country has their own legal drinking and smoking age. Since everything became digital, underage products and services are found all over the internet. It has become easier for minors to purchase alcohol online by showing their parent’s ID. With some latest features incorporated in identity verification tools, underage individuals have to go through age verification checks that match pictures on the ID with a screenshot of the person's face.
However, advances in age verification would continue to grow stronger as laws and regulations become strict. Check and verification of minor's identity before purchasing anything would be necessary for all organizations.