Photo ID and Proof of Address no longer accepted for verification requirements. You may still use photo ID, but cannot use prove of address, Bank Account or SSN are required.
AlertPay will require you choose 2 of 3 options to become AlertPay Verified
- Adding and Confirming a Bank Account (automated)
- Credit File Validation (automated soft validation that will not affect your credit in any way)
- Submitting an Attestation confirming your identity
I've copyed the verification instructions as following:
Getting verified with AlertPay will get faster and easier for US and Canadian accountholders.
Starting Mid-February, AlertPay will be launching its new automated verification center to ensure full compliance with Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFA governed by FINTRAC) and PATRIOT ACT (governed by FINCEN).
What will I have to do to become AlertPay Verified?
AlertPay will require you choose 2 of 3 options to become AlertPay Verified
- Adding and Confirming a Bank Account (automated)
- Credit File Validation (automated soft validation that will not affect your credit in any way)
- Submitting an Attestation confirming your identity
What are the impacts of the PCMLTFA changes?
Due to regulatory changes, Photo ID and Proof of Address no longer meet verification requirements for Non Face-to-Face.
When will these changes be in effect?
These changes are in effect immediately, and we will be working with each of you to become AlertPay Verified as new account limits have been put in place to meet the requirements of the regulations.
What does that mean to me?
AlertPay is working hard to ensure that we provide you the fastest and safest payment processing service online, and in order to do so, we have to comply with government regulations.
These measures will also ensure that our AlertPay members can feel safer when transacting using AlertPay for their online payment needs.
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