Identity Fraud
Generally, identity fraud begins when another person’s personal identifying information such as Social Security number (SSN), date of birth, and account number are obtained, and then used to fraudulently establish credit, run up debt, or to take over existing financial accounts.
Since identity fraud invariably leads to other types of fraudulent activity, it is in everyone’s best interest to institute identity authentication procedures before granting unauthorized access to our financial systems.
Solutions
Distinguishes high-risk individuals from profitable customers with the end goal of opening more good accounts and reducing costly write-offs.
This service identifies applicants with a prior history of fraud and/or account abuse while also performing identity verification and compliance list screening.
Available to financial services organizations, provides notification of job applicants and employees that have been released by another institution because they knowingly caused or attempted to cause financial loss.
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