Third-Party Verification - TPV

“Third-party verification,” or “TPV,” is basically when information is confirmed by an independent third party.

Sounds pretty clear-cut, right? That’s because it is. In some instances, TPV is required by law, like when mortgage lenders have to independently verify our income instead of just take our word for it, or when telemarketers have to transfer us to someone else to confirm we actually want to purchase that lovely timeshare in Naples. Other times, businesses might require their folks to use third-party verification to protect themselves against lawsuits or other legal action, since TPVs are, in fact, legally binding.