Proof of Residence (PoR) is a document used to confirm where a person lives that must include both a person’s full name and address. Often it must be sent by a recognized authority with name, logo, address, and other information to ensure validity.
Most commonly, documents used as Proof of Residence are utility bills, bank statements, payslips, and rental agreements no older than three months. It varies as each organization and country can have different rules and stipulations.
Often these documents are not designed to deter fraud as they are easy to falsify. As Proofs of Residence come in many forms, the back office can be overloaded with a time-consuming burden. These extended processes of verifying Proof of Residency can reduce customer conversions.
With Klippa Proof of Residence OCR, your organization can reduce processing time through automation and detect fabricated documents.