It's critical that financial services providers have a fraud compliance program in place to prevent, detect and mitigate identity theft. Experian offers authentication tools, fraud scoring models, consumer identification, credit information and decisioning tools — all of which can help you establish a federally compliant identity theft program.
Make sure you meet federal fraud compliance requirements using the following products and services:
Shifts in regulatory, industry, market and business dynamics are demanding more, agile and flexible technology to minimize business disruptions and support real-time decisioning.
Help your customers understand fraud and mitigate identity theft when you provide them with personalized credit education sessions with a trained Experian Credit Educator agent.
The Federal Financial Institutions Examination Council (FFIEC) recently released the supplement to its "Authentication in an Internet Banking Environment" guidance. Understand what you need to do for the new January 2012 guideline.
Identity authentication procedures and fraud detection services to help accommodate Customer Identification Programs, Know Your Customer initiatives and mandates such as the FACTA Red Flags Rule and the USA PATRIOT Act.
Many businesses are now required to comply with the federal Red Flags Rule, which states that you must have both written and operational identity theft prevention programs. Experian has customizable products and services that meet these mandates.