Commerce Glossary

A comprehensive resource to help you master the language of commerce.
What commerce term are you interested in?
Search Results for ""...

What is Know Your Customer (KYC)?

know your cus - tom - er
noun
Is the action a business must take in order to verify the identity of their clients, before moving forward with doing business together. This security measure is used by businesses to make sure that they don’t associate with clients who are involved in suspicious fraudulent activities (corruption, money laundering, etc.).

Simplify the eCommerce process. Try 2Checkout.
The most flexible digital commerce platform that can give your business a real boost.