Open Forum

Morning,

Has anyone filled out the form for the Payment switch to Stripe?  How are public corporations completing the form?  Form requires someone's SS # for fraud prevention purposes.

The purpose of the collection is to verify the identity of the party submitting the information on behalf of the corporation and doing so does not run their personal credit, nor does it create a personal obligation of any kind. Rather, this information is required as part of Stripe's mandatory identity verification requirement: Stripe needs to collect, verify, and maintain information on the individuals associated with every US Stripe account, as required by their regulators and financial partners. This is intended to promote transparency and prevent individuals from using complex company structures to hide terrorist financing, money laundering, tax evasion, and other financial crimes. Cvent does not have any discretion to waive this requirement, not even for ourselves, publicly traded companies, or even government agencies.

Thanks for your input.

Morning,

Has anyone filled out the form for the Payment switch to Stripe?  How are public corporations completing the form?  Form requires someone's SS # for fraud prevention purposes.

The purpose of the collection is to verify the identity of the party submitting the information on behalf of the corporation and doing so does not run their personal credit, nor does it create a personal obligation of any kind. Rather, this information is required as part of Stripe's mandatory identity verification requirement: Stripe needs to collect, verify, and maintain information on the individuals associated with every US Stripe account, as required by their regulators and financial partners. This is intended to promote transparency and prevent individuals from using complex company structures to hide terrorist financing, money laundering, tax evasion, and other financial crimes. Cvent does not have any discretion to waive this requirement, not even for ourselves, publicly traded companies, or even government agencies.

Thanks for your input.

Yes! We're working through this process. No one wants to enter their personal SSN. I don't understand why our company Tax ID isn't enough? 

Morning,

Has anyone filled out the form for the Payment switch to Stripe?  How are public corporations completing the form?  Form requires someone's SS # for fraud prevention purposes.

The purpose of the collection is to verify the identity of the party submitting the information on behalf of the corporation and doing so does not run their personal credit, nor does it create a personal obligation of any kind. Rather, this information is required as part of Stripe's mandatory identity verification requirement: Stripe needs to collect, verify, and maintain information on the individuals associated with every US Stripe account, as required by their regulators and financial partners. This is intended to promote transparency and prevent individuals from using complex company structures to hide terrorist financing, money laundering, tax evasion, and other financial crimes. Cvent does not have any discretion to waive this requirement, not even for ourselves, publicly traded companies, or even government agencies.

Thanks for your input.

Yes! We're working through this process. No one wants to enter their personal SSN. I don't understand why our company Tax ID isn't enough? 

Morning,

Has anyone filled out the form for the Payment switch to Stripe?  How are public corporations completing the form?  Form requires someone's SS # for fraud prevention purposes.

The purpose of the collection is to verify the identity of the party submitting the information on behalf of the corporation and doing so does not run their personal credit, nor does it create a personal obligation of any kind. Rather, this information is required as part of Stripe's mandatory identity verification requirement: Stripe needs to collect, verify, and maintain information on the individuals associated with every US Stripe account, as required by their regulators and financial partners. This is intended to promote transparency and prevent individuals from using complex company structures to hide terrorist financing, money laundering, tax evasion, and other financial crimes. Cvent does not have any discretion to waive this requirement, not even for ourselves, publicly traded companies, or even government agencies.

Thanks for your input.

Morning Kim,

Checking to see if you finalized anything yet.  I'm still working through multiple departments to complete this, even with the exemption info that eCommerce sent.

Donna

Yes! We're working through this process. No one wants to enter their personal SSN. I don't understand why our company Tax ID isn't enough? 

Morning,

Has anyone filled out the form for the Payment switch to Stripe?  How are public corporations completing the form?  Form requires someone's SS # for fraud prevention purposes.

The purpose of the collection is to verify the identity of the party submitting the information on behalf of the corporation and doing so does not run their personal credit, nor does it create a personal obligation of any kind. Rather, this information is required as part of Stripe's mandatory identity verification requirement: Stripe needs to collect, verify, and maintain information on the individuals associated with every US Stripe account, as required by their regulators and financial partners. This is intended to promote transparency and prevent individuals from using complex company structures to hide terrorist financing, money laundering, tax evasion, and other financial crimes. Cvent does not have any discretion to waive this requirement, not even for ourselves, publicly traded companies, or even government agencies.

Thanks for your input.

Donna,

Did you ever resolve this? No one at my company feels comfortable entering their SSN.

Morning Kim,

Checking to see if you finalized anything yet.  I'm still working through multiple departments to complete this, even with the exemption info that eCommerce sent.

Donna

Yes! We're working through this process. No one wants to enter their personal SSN. I don't understand why our company Tax ID isn't enough? 

Morning,

Has anyone filled out the form for the Payment switch to Stripe?  How are public corporations completing the form?  Form requires someone's SS # for fraud prevention purposes.

The purpose of the collection is to verify the identity of the party submitting the information on behalf of the corporation and doing so does not run their personal credit, nor does it create a personal obligation of any kind. Rather, this information is required as part of Stripe's mandatory identity verification requirement: Stripe needs to collect, verify, and maintain information on the individuals associated with every US Stripe account, as required by their regulators and financial partners. This is intended to promote transparency and prevent individuals from using complex company structures to hide terrorist financing, money laundering, tax evasion, and other financial crimes. Cvent does not have any discretion to waive this requirement, not even for ourselves, publicly traded companies, or even government agencies.

Thanks for your input.

Jason,

Yes, we had an exception letter that had to be signed off by an officer, without SS# provided.  We just had to provide business name/address/website/tax ID.

Officer signs off on authorizing me to manage the Stripe Account.  Then Stripe had to process and approve.  Then there were a couple of steps within Cvent to add the bank account # and internal steps for Treasury sign-off.  

Prior to that I had to have an IT and Risk Management review of the whole process. It took way longer than I expected it would.

Donna

Donna,

Did you ever resolve this? No one at my company feels comfortable entering their SSN.

Morning Kim,

Checking to see if you finalized anything yet.  I'm still working through multiple departments to complete this, even with the exemption info that eCommerce sent.

Donna

Yes! We're working through this process. No one wants to enter their personal SSN. I don't understand why our company Tax ID isn't enough? 

Morning,

Has anyone filled out the form for the Payment switch to Stripe?  How are public corporations completing the form?  Form requires someone's SS # for fraud prevention purposes.

The purpose of the collection is to verify the identity of the party submitting the information on behalf of the corporation and doing so does not run their personal credit, nor does it create a personal obligation of any kind. Rather, this information is required as part of Stripe's mandatory identity verification requirement: Stripe needs to collect, verify, and maintain information on the individuals associated with every US Stripe account, as required by their regulators and financial partners. This is intended to promote transparency and prevent individuals from using complex company structures to hide terrorist financing, money laundering, tax evasion, and other financial crimes. Cvent does not have any discretion to waive this requirement, not even for ourselves, publicly traded companies, or even government agencies.

Thanks for your input.

Donna,

Thanks for the reply.  Did you have to work with Stripe directly for the exception? Cvent support told us we could only get an exception if we were publicly traded.

Jason,

Yes, we had an exception letter that had to be signed off by an officer, without SS# provided.  We just had to provide business name/address/website/tax ID.

Officer signs off on authorizing me to manage the Stripe Account.  Then Stripe had to process and approve.  Then there were a couple of steps within Cvent to add the bank account # and internal steps for Treasury sign-off.  

Prior to that I had to have an IT and Risk Management review of the whole process. It took way longer than I expected it would.

Donna

Donna,

Did you ever resolve this? No one at my company feels comfortable entering their SSN.

Morning Kim,

Checking to see if you finalized anything yet.  I'm still working through multiple departments to complete this, even with the exemption info that eCommerce sent.

Donna

Yes! We're working through this process. No one wants to enter their personal SSN. I don't understand why our company Tax ID isn't enough? 

Morning,

Has anyone filled out the form for the Payment switch to Stripe?  How are public corporations completing the form?  Form requires someone's SS # for fraud prevention purposes.

The purpose of the collection is to verify the identity of the party submitting the information on behalf of the corporation and doing so does not run their personal credit, nor does it create a personal obligation of any kind. Rather, this information is required as part of Stripe's mandatory identity verification requirement: Stripe needs to collect, verify, and maintain information on the individuals associated with every US Stripe account, as required by their regulators and financial partners. This is intended to promote transparency and prevent individuals from using complex company structures to hide terrorist financing, money laundering, tax evasion, and other financial crimes. Cvent does not have any discretion to waive this requirement, not even for ourselves, publicly traded companies, or even government agencies.

Thanks for your input.

Jason,

Yes, we had an exception letter that had to be signed off by an officer, without SS# provided.  We just had to provide business name/address/website/tax ID.

Officer signs off on authorizing me to manage the Stripe Account.  Then Stripe had to process and approve.  Then there were a couple of steps within Cvent to add the bank account # and internal steps for Treasury sign-off.  

Prior to that I had to have an IT and Risk Management review of the whole process. It took way longer than I expected it would.

Donna

Donna,

Did you ever resolve this? No one at my company feels comfortable entering their SSN.

Morning Kim,

Checking to see if you finalized anything yet.  I'm still working through multiple departments to complete this, even with the exemption info that eCommerce sent.

Donna

Yes! We're working through this process. No one wants to enter their personal SSN. I don't understand why our company Tax ID isn't enough? 

Morning,

Has anyone filled out the form for the Payment switch to Stripe?  How are public corporations completing the form?  Form requires someone's SS # for fraud prevention purposes.

The purpose of the collection is to verify the identity of the party submitting the information on behalf of the corporation and doing so does not run their personal credit, nor does it create a personal obligation of any kind. Rather, this information is required as part of Stripe's mandatory identity verification requirement: Stripe needs to collect, verify, and maintain information on the individuals associated with every US Stripe account, as required by their regulators and financial partners. This is intended to promote transparency and prevent individuals from using complex company structures to hide terrorist financing, money laundering, tax evasion, and other financial crimes. Cvent does not have any discretion to waive this requirement, not even for ourselves, publicly traded companies, or even government agencies.

Thanks for your input.

Hi Donna,

This is also a concern for us. We are a non-profit organization, and many of our subsidiaries will need to create merchant accounts. Does Cvent provide you with an exception letter template? 

Jason,

Yes, we had an exception letter that had to be signed off by an officer, without SS# provided.  We just had to provide business name/address/website/tax ID.

Officer signs off on authorizing me to manage the Stripe Account.  Then Stripe had to process and approve.  Then there were a couple of steps within Cvent to add the bank account # and internal steps for Treasury sign-off.  

Prior to that I had to have an IT and Risk Management review of the whole process. It took way longer than I expected it would.

Donna

Donna,

Did you ever resolve this? No one at my company feels comfortable entering their SSN.

Morning Kim,

Checking to see if you finalized anything yet.  I'm still working through multiple departments to complete this, even with the exemption info that eCommerce sent.

Donna

Yes! We're working through this process. No one wants to enter their personal SSN. I don't understand why our company Tax ID isn't enough? 

Morning,

Has anyone filled out the form for the Payment switch to Stripe?  How are public corporations completing the form?  Form requires someone's SS # for fraud prevention purposes.

The purpose of the collection is to verify the identity of the party submitting the information on behalf of the corporation and doing so does not run their personal credit, nor does it create a personal obligation of any kind. Rather, this information is required as part of Stripe's mandatory identity verification requirement: Stripe needs to collect, verify, and maintain information on the individuals associated with every US Stripe account, as required by their regulators and financial partners. This is intended to promote transparency and prevent individuals from using complex company structures to hide terrorist financing, money laundering, tax evasion, and other financial crimes. Cvent does not have any discretion to waive this requirement, not even for ourselves, publicly traded companies, or even government agencies.

Thanks for your input.