KYC
Adyen’s and NAVIT’s digital identification solution that facilitates the Know Your Customer (KYC) process for businesses.
What is Adyen?
Adyen is a payment service provider with a full banking licence and provides a financial technology platform. It processes payments for companies via credit cards, bank transfers, direct debit and other payment methods. In short: worldwide payments on every channel, data and financial management in a single solution.
Headquarters: Netherlands
Customer reference: Paypal, McDonalds, Microsoft, Spotify, adidas and many more.
Further information can be found on the Website
Why is KYC legally necessary?
The KYC process is necessary to verify who the customer is, Adyen and NAVIT are doing business with and verify legitimacy and authenticity of the provided information. Additionally, this process needs to be done to adhere to payment industry regulations.
How does KYC work?
The business identification consists of three checks - Company, Identity and Bank check.