Prove Featured by Merchant Risk Council | 4 Digital Identity Strategies for Small Merchants to Boost Sales and Improve Customer Experience

The rise of eCommerce has created both opportunities and challenges for small merchants. While it has enabled them to reach customers worldwide, it has also intensified competition with large companies. To succeed in this digital age, smaller merchants need to adopt the latest digital identity technology or risk getting left behind. To this end, they can implement a handful of strategies, including introducing membership programs to enhance customer acquisition and retention, streamlining the checkout process with digital identity technology to reduce cart abandonment, using data to personalize the shopping experience and increase sales, and leveraging digital identity technology to prevent fraud and ensure security. By pairing these strategies with their unique brand identity, small merchants can increase revenue and stand out from the competition.
Read the full article or speak with a digital identity expert to create your digital identity game plan today.

Keep reading

New solution delivers measurable ROI by replacing SMS OTPs and mitigating SIM swap fraud – cutting costs, reducing abandonment, and enabling seamless customer experiences across channels.

In this blog, we detail how the FDIC's new guidance, influenced by Prove's advocacy, allows banks to use pre-filled customer data for CIP. This change, empowering solutions like Prove Pre-fill®, significantly reduces friction, enhances security, and improves financial inclusion in digital banking by streamlining account opening and combating fraud.

The U.S. banking system is a conduit for transnational crime, with systemic failures in identity verification and a lack of oversight, enabling fraud and money laundering. Read Prove’s call to action for the financial industry.