Identity Verification

• What is Identity Verification?


• How does the system work?
  
• Why does Identity Verification ask personal questions?
  
• Is the information I provide secure?
  
• I need to update the information I entered when I registered with Bid4Homes. Will I need to go through Identity Verification again?
  
• What happens if I do not pass the Identity Verification process?
  
• What should I do if I believe that all the information I provided was correct, yet my application was rejected?
  
• I live outside of the U.S. Can I still bid on Bid4Homes?
  

What is Identity Verification?

RSA Identity Verification from Verid is a Knowledge Based Authentication (KBA) that provides real-time confirmation of customer identities. RSA Identity Verification is an interactive solution that presents a series of top of mind questions utilizing relevant facts on the individual obtained by scanning billions of public records.

Why is Bid4Homes requiring Identity Verification?

Bid4Homes is committed to providing a secure environment for all of our customers. Bidder ID Verify significantly decreases Internet fraud and our sellers are assured they are doing business with buyers who are who they say they are.

How does the system work?

Verid uses data aggregators to query more than 1,000 databases, such as state motor-vehicle departments and marriage records. Verid's KBA technology presents consumers with a series of personalized questions based on deep background data derived from a variety of these public information sources. The technology conducts sophisticated analytics to build a comprehensive knowledge profile and guides the consumer through an intuitive and interactive process until identity is confirmed.

Why does Identity Verification ask personal questions?

"Out of wallet" identity verification is the only way we can ensure bidders are who they say they are.

Is the information I provide secure?

Absolutely. Bid4Homes' secure 128bit encryption technology ensures the safety of the information provided. Bid4Homes does not share any data with third parties and ensures that unauthorized parties cannot gain access to the data. Bid4Homes also does not store the questions and answers from the verification process.

I need to update the information I entered when I registered with Bid4Homes. Will I need to go through Identity Verification again?

No. You need to make changes to the information you provided during registration in MyB4H through the My Profile link located on the left navigation bar. When you try to access MyB4H, you will be prompted to login and then will be able to review and change any information you provided during registration.

What determines a pass/fail rating on the Identity Verification system?

Based on the number of correct answers you give, Verid assigns a score to your application. Authorized bidders must score a 90 or above and have no flags for suspicious activity in the past to receive a "passing" rating.

What happens if I do not pass the Identity Verification process?

If you do not score a 90 or above on the rating scale and/or your registration triggers an alert, your online registration will be rejected. If this happens, you will need to complete the following manual registration form. For additional information, email IDVerify@Bid4Homes.com.

I live outside of the U.S. Can I still bid on online auctions on Bid4Homes?

Bidders residing outside the United States may only bid on auctions that require a deposit. Interested bidders who will place a deposit on an auction, will not have to go through the Identity Verification process. Unfortunately, because of security measures required in the verification process, only U.S. citizens can be verified through Verid.