When you sign up for Cloaked Pay, we are required by federal law to ask for some personal information to verify your identity. This is a standard process for all financial services and it is essential for preventing fraud and protecting our community.
This guide explains what data we check and why it's a necessary part of creating a secure financial environment, giving you peace of mind about this important, one-time verification step.
To comply with U.S. federal regulations like the Bank Secrecy Act, we must perform a standard identity check for all users who wish to use Cloaked Pay. This is a mandatory and automated process that confirms you are who you say you are, which helps maintain a safe and compliant platform for everyone.
During this one-time verification, you will be asked to provide the following information:
Your full legal name
Your date of birth
Your physical U.S. residential address
Your Social Security Number (SSN)
Your phone number
Your email address
You may be asked to provide additional information or documentation, such as a driver’s license or passport.
This information is used strictly for the purpose of verifying your identity against official records. It is a crucial step that prevents fraudulent activity and allows us to provide you with a secure payment service that is fully compliant with U.S. law.