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We provide digital verification and payment solutions that empower businesses to onboard new customers with complete confidence. Keeping customer journeys optimised, fraudsters deterred, and revenue streams strong is our mission.
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The urgency of PEP screening for AML compliance in businessThe emergence of the digital era has increased the efficiency of criminal activities, making it essential for businesses to revamp their fraud and money laundering defence strategies - and Politically Exposed Person Screening, often referred to as PEP Screening, is just one of many steps in the approach to safeguarding your business. This process is an essential combative measure used when onboarding and establishing business relationships with PEPs in order to maintain Anti-Money Laundering compliance, also known as AML compliance, and effectively protect business from financial crime. 23 Nov 2021 Read more

The future of FICA: How electronic FICA (eFICA) is impacting businessesFICA compliance assists businesses with mitigating financial and reputational risk in an age where money laundering and consumer fraud is an ever-rising concern. The FICA process ensures that credit is being extended to legitimate customers who are who they say they are. Verification of various data points allows businesses the opportunity to know their customers, and have data at hand with which to make informed, risk-based, onboarding decisions. 7 Oct 2021 Read more

How education institutions can seamlessly switch to DebiCheck by choosing the right TPPPEducation institutions in South Africa are migrating cash payments to DebiCheck in an effort to upgrade tuition collection processes and meet revenue goals. 21 Jun 2021 Read more

How to create safer e-commerce marketplaces for shoppersE-commerce marketplaces face a unique threat: marketplace seller fraud - a saboteur of shopper trust. Through empowering sellers to transact directly with shoppers, a direct stream is created that is greatly beneficial to both parties. However, that same stream can easily become tarnished by fraud, because where there is a lack of robust verification, anybody and everybody can register as a seller. 17 May 2021 Read more

Planet Fitness makes the smart move in partnering with Bitventure for the latest payment and onboarding technologiesMarket-leading gym group, Planet Fitness, announced that it has adopted the latest in smart payment collection technologies for enhanced management of membership payments. This has transformed new member enrollment into a remarkably quick and seamless process and improved its collection success rates. 26 Jan 2021 Read more

Six technologies for enhanced fraud risk managementIn the age of digital transformation, fraud risk management methods are ripe for reinvention. Businesses are incorporating multiple levels of tech-driven defense methods and systems. Such software systems are geared towards the accumulation of verified customer data with which to manage risk effectively. 30 Oct 2020 Read more

Bitventure partners with TransUnion to help boost their digital identity offeringDigital verification specialists, Bitventure, has partnered with TransUnion to enable South African business to optimise identity management strategies in an effort to reduce consumer fraud. 8 May 2020 Read more

The Evolution of KYC: Online solutions to eliminate friction and errorA friction-ridden KYC (Know Your Customer) process that generates erroneous results can cause severe damage to a business. Missing the mark on KYC is as dangerous as not having KYC processes in place at all. Traditional methods of KYC compliance do not offer the accuracy and specificity needed to detect fraudsters before they become customers. In turn, these daunting and dated processes are causing negative experiences for innocent customers. 2 Mar 2020 Read more