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To find out more about Precise IDSM and Experian's fraud detection services, contact your local Experian sales representative, call us or request more information.
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Product Sheet
Platform Access
The following business fraud and identity solutions are accessed through Experian's eSolutions website:
- Precise IDSM
- National Fraud DatabaseSM
- Knowledge IQSM
Supporting Materials
Credit Union Saves 500 Hours Per Month in Labor
Pacific Marine Credit Union (PMCU) saved more than 500 hours per month in fax labor after switching to Experian's risk-based authentication tools, which feature a challenge question approach.
New and Existing Relationship Fraud Presentation
Examine the various types of existing account fraud, including account takeover, impersonation, bust out, synthetic identity and undetected acquisition fraud.
Risk-Based Authentication Webinar
Learn how a risk-based approach to verifying customer information enables consistent and objective decisions, faster approvals and maximizes the usage of staff time.
Precise IDSM
The threats posed by fraud and identity theft demand a risk-based approach that employs accurate and broad-reaching data assets; targeted analytics; knowledge-based authentication; and flexible, efficient and predictive decisioning policies.
Precise IDSM is Experian's fraud detection and prevention platform that offers cutting-edge resources that enable you to outpace criminals by detecting, avoiding and managing fraud activity — all while helping you meet mandated government and industry regulations such as the USA PATRIOT Act, the FACTA Red Flags Rule and e-signature requirements.
Organizations around the world have selected the integrated Precise IDSM fraud platform to manage their application fraud, authentication and high risk accounts.
Which Precise IDSM functionality best meets your business needs?
Capability |
Precise IDSM for Compliance | Precise IDSM for Identity Screening | Precise IDSM for Account Opening |
| Identity element validation and verification |  |
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| Fraud ShieldSM high risk indicators | |
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| Hosted Decisioning | |
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| Wireless phone verification | |
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| IP address verification | |
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| Knowledge IQSM questions | |
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| Historical inquiry checks | |
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| Authentication score | |
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| Identity theft score | |
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| First payment default score | |
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| National Fraud DatabaseSM | |
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| Early Warning Services Shared Fraud and Account Abuse records | |
= Functionality using credit and noncredit data assets = Functionality using noncredit data assets
Blank = Not available
Precise ID for Compliance
Existing regulations require the implementation of 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.
Precise ID for Identity Screening
The need to accurately measure identity risk is met with Precise IDSM for Identity Screening, Experian's fraud prevention software which provides an aggregated authentication risk score requiring only Gramm-Leach-Bliley Act exception.
Precise ID for Account Opening
Make more informed application processing decisions with Precise IDSM for Account Opening, a fraud prevention software solution which allows institutions to rely on an automated system to help them authenticate applicants from both a risk-mitigation and a compliance perspective.
Precise IDSM for Account Opening can be used with the following options:
Precise ID for Customer Management
Precise IDSM for Customer Management is Experian’s latest risk-based, identity fraud detection and prevention tool.
It establishes intricate identity linkages across Experian’s broad view of consumer actions to create fraud risk scores and attributes that readily expose fraudulent activity within existing portfolios.
Knowledge IQ
Experian’s Knowledge IQSM powered by Precise IDSM employs sophisticated predictive fraud analytics, authentication results and customizable challenge-response questions with answers designed to be known only by the actual consumer but not fraud perpetrators.
Additional Options
The following additional options can be used with Precise IDSM for the detection and prevention of fraud:
- Targeted analytics - custom models and decisioning
- National Fraud DatabaseSM
- Credit Card Verification
- Early Warning Services Shared Fraud and Account Abuse Data