DIGITAL IDENTITY VERIFICATION AND GUARANTEE

Abstract

Various systems and methods for managing digital identity verification are described herein. A digital identity verification system is configured to receive an electronic indication of a transaction from a client device, the transaction being for a rental or purchase of an asset, the electronic indication including consumer identifying information to identify a consumer of the asset, business identifying information to identify a business from whom the consumer is renting or purchasing the asset, and transaction details; determine, based on the consumer identifying information that the consumer is a customer of the digital identity verification system; and in response to determining that the consumer is a customer of the digital identity verification system: determine, based on the consumer identifying information, the business identifying information, and the transaction details, a probability that the consumer is legitimate, the probability represented as a confidence score; determine, based on the confidence score, a fee for a monetary reimbursement for damage to the asset due to the consumer not being legitimate; and transmit an electronic response to the client device, the electronic response including the fee.

CPC Classifications