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.