BlockNotary’s new app uses Tierion to combat fraud and simplify signups for Pay-Me, a Russian mobile payments processor with over 30,000 installed devices. Currently, new Pay-Me customers must visit an office for an interview with a customer service rep. Blocknotary replaces this in-person visit with a video interview conducted via a mobile application. Tierion is used to collect the data and create a verifiable record of the entire process.
Demonstration Video (1min)
Why is this needed?
Russian criminals steal credit cards and use mobile PoS terminals to launder money. In response, Pay-me requires new customers visit an office for an interview and pass a background check before shipping a PoS device. Blocknotary’s Video Interview application let’s customers verify their identity and conduct an interview from their location. The customer’s statement of intentions and the information needed for a background check are collected. This makes the onboarding process smoother for new customers and allows Pay-Me to ship a PoS device before a background check is complete. Additionally, Pay-me gets a tamperproof record of the entire process that can be verified using blockchain. This record can lower Pay-Me’s legal liability and be useful to police that are investigating fraudulent activity.
“Recording a video of yourself during the registration process helps prevent fraud. As CEO, I’d like to make it as difficult as possible for criminals to use Pay-Me to conduct illegal activities,” said Pay-Me CEO, Vladimir Kanin.
Blocknotary’s first product is an IOS application that allows you to notarize photos, documents, and videos in the blockchain. Download the Blocknotary IOS app.