Coocon, a business data platform company, has launched the Card Ownership Verification Service with authentication solutions firm Chingu Dot to confirm whether customers hold cards in their own names before payment. The service responds to stronger KYC (Know Your Customer) requirements as non-face-to-face and recurring or automatic payments expand across payment gateway (PG), rental, subscription, e-commerce and open-market businesses. Customers complete mobile identity verification and consent to a credit information check. Linked to credit information agencies, the service verifies card ownership across all domestic card companies, the number of credit cards held, consistency of the initial card issuance date and registration for financial misconduct, including card laundering. Coocon said businesses can use the checks to filter payments involving another person’s, stolen or lost card and reduce settlement risks from post-payment claims that the cardholder did not make the transaction. The service can supplement existing payment authentication during simple-payment card registration and recurring-payment applications, and can restrict PG payment methods to card companies confirmed to hold the customer’s card. Coocon also offers other non-face-to-face authentication services, including copied identity-card detection and verification through an API, and an easy certificate package linked to PASS, Naver and KakaoTalk.