In the gaming industry, any property can be exposed to a number of fraudulent activities such as under-aged gambling/drinking, fake credit cards/checks, and money laundering. Larger gaming operators with highly complex businesses involving restaurants, bars, nightclubs, retail stores, hotels, and theme park operations are clearly exposed to more fraud as well as increased regulatory scrutiny. In response, most operators have established an internal fraud department with a variety of procedures in place that have helped mitigate risks and lower the overall financial impact of fraudulant activity. Yet, counterfieters and criminals seem to have the ability to employ various methods to bypass most systems.
At Veridocs, we believe fraud mitigation starts with a robust ID validation and verification system. The Veridocs system sets itself apart from competing solutions by taking the patron management process beyond simple ID validation. At its nucleus, the Veridocs solution is powered by a revolutionary software that seamlessly as a standalone unit or can work with the operator’s existing IT infrastructure. Once deployed, security personnel can perform all of the following immediately at the entrance/check-point of the property:
- ID Authentication
- Know Your Customer (KYC)
- Watch Lists with Alert Functions (VIP, OFAC, Self-Exclusion)
- AML/MTL Automation
- Under-Aged Screening
The system performs the following In less than 10 seconds:
- Scans and validates government issued identification documents (ID)
- Checks an evolving library of over 2,500 worldwide documents
- Simultaneously scans and compares data from both sides of the ID
- Validates all built-in security features: holograms, watermarks
- Extracts information from embedded media: barcode and magstripe
- Compares embedded media to physical information of the ID
- Ensures machine readable zone (MRZ) format is correct
Extracts and displays biographic, image and ID specific information
- Interfaces with patron loyalty systems, check guarantee, POS and hospitality systems, as well as other third party compliance solutions.
Simultaneously checks patron against both internal and external watch lists
- OFAC (Office of Foreign Assets Control), Patron Loyalty, Self-Exclusion, Property & State barred and Regulatory required lists
Stores data in standard SQL database, if needed, for use enterprise-wide
The Veridocs solution not only mitigates your financial, reputational and regulatory risks, but increases operational efficiencies through enhanced communications between Cage & Credit, Pit, Slot Floor, Patron Loyalty, Security and Surveillance functions. With the Patron ID Validation and Verification solution from Veridocs, all staff guesswork is alleviated and the security system’s reliability is enhanced, resulting in an incident-free and safer establishment. Cost-savings yielded from bolstered safety alone for some customers has produced a 100% ROI in just 30 days!