Since we are talking verification here, just wanted to say how it will work at TAG for different levels...
We have 4 levels of verification -
1 - email
2 - SMS
3 - Government ID, with matching uploaded picture to profile
4 - Utility bill with address on it.
The most basic is email just to make sure you are not completely fake..:-), Level 2 is more for notifications if needed. Level 3 is used for ID when going to clubs, used as entry ID, or using your ID to prove who you are when getting rewards in person from a merchant, etc. The last one is used together with level 3 for our banks, who need this for AML and KYC procedures..
We have another level between 3 and 4 and that is a requirement for Filipino residents who have to be checked in person, to allow for cash in and cash out...as part of the EMI license we are getting. Just as a point of interest, the data kept on Filipinos and cashin/cashout functionality for Pesos has to be stored on servers in the Philippines, unlike the rest of our data which we think is pretty secure on Amazon Servers.
Tag is that a hint you are close to the exchange release?
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...give us a chance to build the tools..
