December 13, 2021

What is a Tax Identification Number (TIN) and Types of TINs?

In 2021, social security numbers identify individuals, their legal status, nationality, and more. Even businesses are required to register themselves with the Social Security Administration

December 10, 2021

The Rise Of Real-Time Identity Verification in Micro-Merchant Economy

Micro-merchants, as we know, are micro-business owners who typically sell goods or services at a lower value than the typical margin in the market. Think

December 06, 2021

10 Best TIN Matching Practices That Businesses Must Not Miss

The gig economy, as we know now, is playing a major role in enabling services for businesses that want to hire external help on a

December 03, 2021

The Importance of Form W-9 To Get Vendor Taxpayer Identification Number (TIN)

Businesses work with vendors and freelancers to distribute additional work and deliver more. Sometimes, businesses work with independent contractors because employed workers could become expensive

November 29, 2021

5 Advantages of Using Real-Time TIN Matching For Your Business

Businesses are relying on TIN matching solutions to check and validate the accuracy of the TINs and the credibility of the vendors. While TIN matching

November 26, 2021

Lending Businesses Can Use Compliancely TIN Matching Service To Validate Borrowers

Lending is one of the riskiest fields to function in if you’re not sure about the borrower’s identities. Imagine that you are a lending company

November 22, 2021

The Coronavirus Outbreak And The Digitization of KYC And CIP Processes

Prior to the coronavirus pandemic, the business ecosystem was serendipitously embracing the perks of the ‘know your customer’ and customer identification processes with occasional manual

November 19, 2021

How Compliancely’s Real-Time TIN Matching Solutions Power 1099 Vendor Onboarding Processes

Often, businesses are onboarding vendors to accommodate the pressing operational requirements of the business entity. Be it design, construction work, or web development. If you

November 15, 2021

5 Signs Your Business Needs A Real-Time TIN Matching System

IRS forms have a dedicated box or field that specifically reports the taxpayer identification number (TIN) or employer identification number (EIN) or ITIN. When businesses

November 12, 2021

What Are the Penalties For OFAC Violations?

OFAC, prominently known as the Office of Foreign Assets Control, is a federal agency of the U.S. government which monitors, administers, and issues imperative guidelines