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A passport includes a description of the bearer, including their full name and date of birth. It also contains information on the length of validity for each passport (usually either five or ten years). The document shows if it is an emergency travel document, diplomatic service, or courtesy title. A list of countries that have signed to accept this identification can be found at the bottom right-hand corner, while any visas issued by other nations are shown below these lines. In addition to all these features, there is also a machine-readable zone that provides further details about who has been given permission to cross borders using this document as well as many other important data points like fingerprints and signatures.

Some passports show QR Codes in some locations where those with digital camera phones

The U.S. Department of State’s website states that “In the near future, all adult passports will have digital photo and electronic chip technologies.” And while we are still waiting for this to happen, the US Passport Agency is requesting more time to implement these changes due to compatibility issues between its current equipment and new technology. The result: many travelers are being denied boarding on international flights because their passports don’t meet requirements set by countries around the world.

Which countries are planning the COVID passport?

COVID19 – the coronavirus passport is an abbreviation for “Comprehensive Visas and Immigration Control” which is a planned framework to standardize the visas, immigration rules, and other related documents in order to improve international travel. The COVID process will be completed by 2021 at all airports. Your company will have to digitalize its services too.

Will the passport be on our smartphone?

No, the passport will not be on your smartphone and you will need to bring it with you. There are two ways in which the COVID process can facilitate a simplified electronic system for travel authorization: an automated e-visa or remote validation of controlled documents at the border (e-gate).

Investors will now be used to sign documents digitally and levrage digital onboarding tools for more convenience.

What is the passport MRZ and why you need it for KYC remediation?

The MRZ stands for Machine Readable Zone. It is a zone on the passport that can be scanned by machines, and it contains all of your personal information including:

  • Your name
  • Date of birth
  • Nationality or country of citizenship
  • Passport number (if available) Some countries are also starting to encode their RFID chip with more information about travelers like fingerprints – this machine-readable area will change over time as technology improves.

This data is read from the machine scanning your documents in order to authenticate you at airports and border crossings. This data can be collected with software like ONFIDO then directly linked to InvestGlass CRM.