• About Us
  • Privacy & Policy
  • Contact
The Magazine Times
  • Home
  • News
    • All
    • Business
    Cell Phone Repair Store

    10 Reasons Why to Consider a Cell Phone Repair Store in Toledo

    Emergency Boiler Repairs London

    Socool Aircon Services Company: The Best Reviews

    PayPal

    Why PayPal’s Stock Price Will Soar in 2022

    Bitcoin Forex Trading: How You Can Profit

    FBS Review

    Forex Business Solutions FBS Review

    What You Need to Know to Pick the Best Lawyer

    What You Need to Know to Pick the Best Lawyer

    Trending Tags

  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup
    Elden Ring

    Elden Ring: Stillwater Cave Optional Dungeon Guide (Winger Sword Insignia)

    Basic Considerations To Keep In Mind Before Buying A Laptop

    3 Common Mistakes To Avoid While Buying A Laptop

    Wireless Earphones

    Things To Check Before Buying Truly Wireless Earphones

    Right PDF Editor Tool

    How to Pick the Right PDF Editor Tool in 2022?|UPDF is Top

    Toggle Light Switches

    A Comparison of Rocker and Toggle Light Switches

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Sports
    Malenia the Blade of Miquella

    How to defeat Malenia the Blade of Miquella?

    Diablo 2 Resurrected

    Diablo 2 Resurrected Poison Javazon Build Guide | D2R Amazon Build Guide

    College Dorm Party

    What to Expect in Your College Dorm Party?

    Things you should know about Mackinac Bridge

    Things you should know about Mackinac Bridge

    Which are the best story books in 2022?

    Which are the best story books in 2022?

    Early life of The Great Khali

    Early life of The Great Khali

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health & Fitness
    • Travel
    Disability Insurance

    Disability Insurance for Professionals

    Male Muscle Growth

    Top Tips For Male Muscle Growth

    10 Fun, Healthy Snacks for Kids to Make

    Tips to improve your memory

    Best Beard Oil

    What Do You Need To Know About Selecting The Best Beard Oil?

    Best gift card options

    Best gift card options for kids

    Pest Control

    Things You Must Know About Pest Control.

    Trending Tags

  • Review
     Cheapest NBA 2K22 MT 

    Guaranteed dark matter packs are included in the NBA 2K22 version of MyTeam

    Disneyplus com/begin – Enter Code for Smart TV

    Disneyplus com/begin – Enter Code for Smart TV

    Roof Racks For Adventure Vehicles: 7 Benefits

    Danger Warning for Diesel Owners

    Adminlinked.Com: Is It Real or Fake?

    Adminlinked .Com: Is It Real or Fake?

    Yayoins Review

    Yayoins Review: Is Yayoins legit or Not?

    Is Feogi Legit

    Is Feogi Legit – Get an Honest Review About Feogi.com

  • Celebrity
  • Digital Marketing
  • Education
No Result
View All Result
  • Home
  • News
    • All
    • Business
    Cell Phone Repair Store

    10 Reasons Why to Consider a Cell Phone Repair Store in Toledo

    Emergency Boiler Repairs London

    Socool Aircon Services Company: The Best Reviews

    PayPal

    Why PayPal’s Stock Price Will Soar in 2022

    Bitcoin Forex Trading: How You Can Profit

    FBS Review

    Forex Business Solutions FBS Review

    What You Need to Know to Pick the Best Lawyer

    What You Need to Know to Pick the Best Lawyer

    Trending Tags

  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup
    Elden Ring

    Elden Ring: Stillwater Cave Optional Dungeon Guide (Winger Sword Insignia)

    Basic Considerations To Keep In Mind Before Buying A Laptop

    3 Common Mistakes To Avoid While Buying A Laptop

    Wireless Earphones

    Things To Check Before Buying Truly Wireless Earphones

    Right PDF Editor Tool

    How to Pick the Right PDF Editor Tool in 2022?|UPDF is Top

    Toggle Light Switches

    A Comparison of Rocker and Toggle Light Switches

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Sports
    Malenia the Blade of Miquella

    How to defeat Malenia the Blade of Miquella?

    Diablo 2 Resurrected

    Diablo 2 Resurrected Poison Javazon Build Guide | D2R Amazon Build Guide

    College Dorm Party

    What to Expect in Your College Dorm Party?

    Things you should know about Mackinac Bridge

    Things you should know about Mackinac Bridge

    Which are the best story books in 2022?

    Which are the best story books in 2022?

    Early life of The Great Khali

    Early life of The Great Khali

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health & Fitness
    • Travel
    Disability Insurance

    Disability Insurance for Professionals

    Male Muscle Growth

    Top Tips For Male Muscle Growth

    10 Fun, Healthy Snacks for Kids to Make

    Tips to improve your memory

    Best Beard Oil

    What Do You Need To Know About Selecting The Best Beard Oil?

    Best gift card options

    Best gift card options for kids

    Pest Control

    Things You Must Know About Pest Control.

    Trending Tags

  • Review
     Cheapest NBA 2K22 MT 

    Guaranteed dark matter packs are included in the NBA 2K22 version of MyTeam

    Disneyplus com/begin – Enter Code for Smart TV

    Disneyplus com/begin – Enter Code for Smart TV

    Roof Racks For Adventure Vehicles: 7 Benefits

    Danger Warning for Diesel Owners

    Adminlinked.Com: Is It Real or Fake?

    Adminlinked .Com: Is It Real or Fake?

    Yayoins Review

    Yayoins Review: Is Yayoins legit or Not?

    Is Feogi Legit

    Is Feogi Legit – Get an Honest Review About Feogi.com

  • Celebrity
  • Digital Marketing
  • Education
No Result
View All Result
The Magazine Times
No Result
View All Result
Home News Business

Knowing your customer are an important sign to boost your business.

The Magazine Times by The Magazine Times
November 28, 2021
in Business
0
Knowing your customer are an important sign to boost your business.
0
SHARES
68
VIEWS
Share on FacebookShare on Twitter

Knowing your customer is the first step to boosting your business and the reason to improve the product quality. The best part of building a relationship with the client.

Every business owners want to boost our business and increase sales. KYC ( Know Your Customer) is the most important role in brand awareness and generating leads.

This protection saves from gambling and fraudulent people. The important things are to get more sales and provide customers with better trust in a business.

Understanding customers is a basic key to giving them good service which in turn show the good result with better customer relationship. Build the new sales through positive responses and recommendations.  

What is KYC?

KYC in business stands for Know Your Custome. Basically, these are services which I use for knowing about your customers and business. No matter what industry and field you are in, first to know industry and clients for business growth.

Every business needs these services because these are all very helpful for business growth. The marketer wants to know about the audience to judge the clients and target the right audience.

Understands customers’ profiles and needs. 

Know about a customer who engages with your business. The first step is to know about the client profile and see clearly about the profile. Because you can take an idea about, that is customer passion, hobbies, interest and passion consumer who attract our business.

You know about the audience, what’re your needs and the painful things for improving your product. Many business companies avail these services because agencies are want to connect our audience and save them from fraudulent people. 

Important verification about to know your customer.

ID card verification

Document verification

Face verification.

ID card verification:

National identity cards can use to know about identity and see the photo, name, address, date of birth, and issue date. You can take records for in future dealing with customers. Have an idea that is a real person or fake. Today, online fraud is increasing day by day. Many agencies and companies use these services to know your customers.

Make them businesses saves from online gambling and fraudulent people. They built trust and relationships with customers’ positive recommendations.

Document verification:

Document verification is also known as papers verifications. Which use for to see customers and employees history & check paper, That is the real or fake man. Document verification to see online records and match papers.

Like name customers, photo, date, face, and many other things which mention on documents. Take idea about the audience and behavior are attract our business. Some scammers use duplicate documents for gambling. Bad men are increasing day by day and inventing new methods for fraud.

Face verification:

Real-time check the facial verification. The customer stands in front of the camera and takes a selfie.  These selfies use to see the photo and match the record that is the perfect man or the wrong man. And have a record for the future in the database.

Many banks and agencies use this service for customer identification verification. When any person goes to the bank to open an account.

Banks are using face verification for matching government data and records. Check the detail about the person that is real and confirm, this person is not involved in gambling cases.

Address Verification:

The Address Verification Service (AVS) is a fraud prevention system that, can help to reduce limit fraud, gambling, and chargebacks.

AVS attempts to confirm that the location entered by the client is related with the ID card and card account.
AVS is a MasterCard service designed to stop scammers from fraud and gambling.it is widely used by many major credit card companies.

During the checkout strategy, your client enters their location which is then contrasted with the location on record with the responsible bank and archives.

Once the addresses are compared with the given statement, the issuing bank returns an AVS code to the merchant. You can use this AVS code to give to determine how to proceed with the transaction.

AVS is used as part of a company and multilayered fraud, gambling protection system to ensure that valid transactions are approved.

Difference between KYC and AML.

The difference between (AML) anti-money laundering and KYC (Know Your Customer) is that AML refers to is regulations that financial institutions must follow to save from money laundering.

KYC is more specifically related to verifying a customer’s identity and customer verification, this is a complete key part of the overall AML.

Financial institutions are responsible and want to know customers for developing their own KYC programs. However, AML legislation can vary by jurisdiction or country, which means that financial institutions must develop KYC procedures that comply with each set of AML standards.

Advantages of KYC:

KYC helps to understand the customer’s nature and interest.

Improve your business 

Reduce the risk of fraud and save from gambling people.

Improve business presence online.

Helps to about customers behaviour and needs.

 

Previous Post

What is Bayes Theorem?

Next Post

CRM: Quality of Relationship with Customers

The Magazine Times

The Magazine Times

The Magazine Times is about more than informational blogs and articles. We band together with the best in the business to competitors. This way, we offer our fans the evergreen news, biographies, health blogs, and many more. We hire professional researcher and writer who gives you well-researched information.

Next Post
CRM: Quality of Relationship with Customers

CRM: Quality of Relationship with Customers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
Watch Ni Main Sass Kutni Punjbai Movie

Where to Watch Ni Main Sass Kutni Punjbai Movie Online

May 16, 2022
A-Lovely-Crypto-Wallet-Web-3.0-Dapp-Browser

A Lovely Crypto Wallet & Web 3.0 Dapp Browser

May 11, 2022
Paula Dietz

Paula Dietz (Dennis Rader’s Ex-wife) – Bio, Wiki, Age, Death

September 7, 2021
What is Hanahaki Disease

What is Hanahaki Disease? – Is it Reality or a Myth?

September 7, 2021
How to Make a Pakistani Dress Cut and Sew at Home

How to Make a Pakistani Dress Cut and Sew at Home

1
Elden Ring

Elden Ring: Stillwater Cave Optional Dungeon Guide (Winger Sword Insignia)

0
The Top 7 Tile Trends we Watched in 2021

The Top 7 Tile Trends we Watched in 2021

0
kitchen

Tips To Maintain The Perfect Kitchen

0
Elden Ring

Elden Ring: Stillwater Cave Optional Dungeon Guide (Winger Sword Insignia)

June 30, 2022
Disability Insurance

Disability Insurance for Professionals

June 30, 2022

Basic Considerations To Keep In Mind Before Buying A Laptop

June 30, 2022

3 Common Mistakes To Avoid While Buying A Laptop

June 30, 2022

Recent News

Elden Ring

Elden Ring: Stillwater Cave Optional Dungeon Guide (Winger Sword Insignia)

June 30, 2022
13
Disability Insurance

Disability Insurance for Professionals

June 30, 2022
8

Basic Considerations To Keep In Mind Before Buying A Laptop

June 30, 2022
9

3 Common Mistakes To Avoid While Buying A Laptop

June 30, 2022
10
The Magazine Times

Here at The Magazine Times, we share the latest news and helpful guides to our visitors. So, Stay Connected with us for the quality informational blogs.

Follow Us

Browse by Category

  • Apps
  • Business
  • Celebrity
  • Digital Marketing
  • Education
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Gaming
  • Health & Fitness
  • Home Improvement
  • Lifestyle
  • Mobile
  • News
  • Review
  • Sports
  • Startup
  • Tech
  • Travel
  • Uncategorized

Recent News

Elden Ring

Elden Ring: Stillwater Cave Optional Dungeon Guide (Winger Sword Insignia)

June 30, 2022
Disability Insurance

Disability Insurance for Professionals

June 30, 2022
  • About Us
  • Privacy & Policy
  • Contact

© The Magazine Times Copyright 2021. All Rights Reserved.

No Result
View All Result

© The Magazine Times Copyright 2021. All Rights Reserved.