Lithuania

AlternativePayments Now Offers iDenfy for Merchant Identity Verification

by Company Announcement March 30, 2022

AlternativePayments, a leading FinTech company and local payment solution provider based in Vilnius, Lithuania, and iDenfy, also based in Lithuania, announced the availability of iDenfy’s identity verification solution.

Mindaugas Rizgelis, CEO of AlternativePayments, stated that this will ensure a smooth and easy onboarding process for AlternativePayments merchants. In addition to the easy online boarding portal, AlternativePayments is now adding a smooth verification process.

iDenfy is a Lithuanian start-up set up in 2016 by Domantas Čiuldė and Gediminas Ratkevičius. Their process protects merchants’ businesses from the most threatening forms of identity fraud, including forged, counterfeit, blank or stolen, fantasy or camouflage, *look-a-like*, and compromised documents.

With an increase in the use of local payment methods, having secure procedures and identification services readily available for businesses is crucial. With Idenfy’s effective system against identity theft, AlternativePayments will allow the easy onboarding of merchants.

About AlternativePayments

With 20 years experience and a payment institution license issued by the Bank of Lithuania, AlternativePayments focus on non-credit card payments. The integration with AlternativePayments enables merchants to quickly get access to all major payment solutions needed for coverage of the European e-commerce market. Their technical platform guarantees quick onboarding, easy implementation, extensive administration of transactions, and superior merchant and customer support.