What is Know Your Customer? | Ecommerce Glossary Terms

What is Know-Your-Customer?

KYC is the action a business must take in order to verify the identity of their clients before moving forward with doing business together. This security measure is used by businesses to make sure that they don’t associate with clients who are involved in suspicious fraudulent activities.
Companies of all sizes use KYC processes to ensure that their prospective customers, agents, consultants, or distributors are anti-bribery compliant and are who they say they are.

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eCommerce Glossary

What is Know-Your-Customer?

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eCommerce Glossary

What is Know-Your-Customer?

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