The world’s
identity
platform.
Trulioo is the world’s identity platform, trusted by leading
companies for their verification needs. The Trulioo integrated,
automated platform provides unparalleled global coverage
for business and person verification and a comprehensive
suite of in-house capabilities.
Combining its state-of-the-art technology with expert verification
knowledge across diverse markets, Trulioo enables the highest
verification assurance levels, optimizing onboarding costs and
fostering trust and security in the global digital economy.
Trulioo is a registered trademark of Trulioo Information Services Inc. in the United States, the European Union,
Canada and other countries.
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Read the report to learn how Trulioo can help:
INFORM Consumers Act Targets Fraud in Online Marketplaces
The potential civil penalty
from the Federal Trade
Commission per violation
$50,120
Marketplaces have 10 days to
verify sellers once they reach
the “high-volume” threshold 10
Name of the
business or person
Address
Phone number
Marketplaces must share with consumers information about
sellers that have annual gross revenue of $20,000 or more.
Disclose Seller
Information to Buyers
Bank account number
Tax ID
Address
Email and phone number
01
03
02
04
Marketplaces must collect and verify “high-volume”
third-party seller information, including:
Verify Online Sellers
Total revenue
per year
$5,000+
Transactions
per year
200+ +
“High-
volume”
seller
The INFORM Consumers Act is intended to protect buyers
and sellers online. As of June 27, 2023, online retail
marketplaces in the U.S. have to collect, verify and disclose
certain information from “high-volume” third-party sellers.
INFORM
Consumers Act
New U.S. Regulation for Online Marketplaces:
Integrity, Notification, and Fairness in Online
Retail Marketplaces for Consumers Act