ReadID is an NFC-based identity verification technology that renders traditional document fraud obsolete. It communicates directly with the cryptographic chip embedded in passports and national identity cards, making it impossible to be subject to fraud. With the surge of AI-generated deepfakes or synthetic identities, ReadID is the best way to fight against deepfakes: they don’t have chips in their fake IDs.
This process is what makes ReadID award-worthy when it comes to fraud prevention. It verifies a document’s authenticity based on cryptography by validating the digital signature of the issuing state. The encrypted data on these chips is impossible to clone or tamper with. This fundamental security advantage is why ReadID has achieved a perfect record since its creation: zero false accepts across millions of high-assurance transactions. It effectively neutralises the threat of document forgery and deepfakes at their source.
This level of security is delivered without compromising user experience. The verification process takes less than 20 seconds and achieves a 96% successful conversion rate, blending the highest level of assurance with a frictionless flow.
As Signicat’s latest report on fraud, ‘Battle in the Dark’, reveals, 59% of businesses surveyed are facing a rise in identity fraud in the last year. In response, ReadID offers not just an improvement but a definitive solution. It provides absolute, verifiable trust in a digital identity, making it a critical and innovative technology for any secure transaction.
