VANCOUVER, British Columbia, May 28, 2019 /PRNewswire-PRWeb/ -- Trulioo, the leading global identity verification provider, announced that its flagship identity verification solution, GlobalGateway, has won the 2019 Card-Not-Present (CNP) Award in the "Best Identity Verification and Authentication Solution" category.

Trulioo's GlobalGateway was selected by a panel of industry judges as the solution that most effectively authenticates and verifies the identity of cardholders in a CNP environment through directory services, two-factor authentication, 3DSecure or other means. Juniper Research estimates retailers will lose about $130 billion in CNP fraud between 2018-2023. GlobalGateway leverages 400 trusted global data sources to enable businesses to mitigate CNP fraud while adhering to Know Your Customer (KYC) requirements.

"The CNP Awards continue to represent the very best the world has to offer to support card-not-present payments, and this year's nominees represented some of the most effective solutions we've ever had," said John Bomier, Event and Community Director of CardNotPresent.com and the CNP Expo. "Trulioo stood out for their ability to help businesses verify and authenticate customers worldwide amidst advanced threats and an evolving CNP landscape."

GlobalGateway received the same award in 2016 and 2017, and has established itself as one of the leading identity verification solutions fighting CNP fraud worldwide. Earlier this month, Trulioo unveiled EmbedID, front-end tool that enables businesses to query GlobalGateway to instantly verify customers in multiple markets by embedding a snippet of code to their website, particularly the sign-up or registration form. Through a single API, GlobalGateway allows merchants to venture into new markets and verify five billion people and 250 million businesses instantly.

"The demand for reliable identity verification solutions is more vital now than ever before, as companies must move to adhere to stronger and evolving KYC and AML regulations across the globe," said Stephen Ufford, CEO and founder of Trulioo. "The continued recognition from the CNP Awards validates the effectiveness of GlobalGateway in swiftly and efficiently establishing trust through the verification of customers across a wide range of markets with varying compliance regulations."

About Trulioo

Trulioo is a global identity and business verification company that provides secure access to reliable, independent and trusted data sources worldwide to instantly verify consumers and business entities online. Trulioo's marketplace of global identity data and services, GlobalGateway, helps organizations comply with Anti-Money Laundering (AML) and Customer Due Diligence (CDD) requirements by automating Know Your Customer (KYC) and Know Your Business (KYB) workflows. Trulioo supports global clients to instantly verify five billion customers and 250 million business entities in over 195 countries – all through a single API integration. Named as a CNBC Disruptor 50 Company, Trulioo's mission is to solve global problems associated with verifying identities by powering fraud prevention and compliance systems for customers worldwide in an effort to increase trust and safety online. For more information visit trulioo.com.

SOURCE Trulioo