Fraud Detection and Prevention Solutions
Using Risk-Based Authentication

Fraud Detection Services are Available through Precise IDSM -
Experian’s Risk-Based Fraud Prevention Software that Allows
You to Identify and Prevent Multiple Types of Fraud

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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.

Call us at 1 888 414 1120

Learn more about Precise ID

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Precise ID Overview Video

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
Experian's Risk-Based Fraud Detection and Prevention Platform

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 cross-channel 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 identify fraud, authenticate users and validate their devices to manage application fraud 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
Device intelligence
Fraud ShieldSM high risk indicators
Hosted Decisioning
Wireless phone verification
Knowledge IQSM questions
Historical inquiry checks  
Authentication score  
Identity theft score  
First payment default score    
National Fraud DatabaseSM    
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:

  • PreciseID with FraudNet
  • Targeted analytics - custom models and decisioning
  • National Fraud DatabaseSM
  • Credit Card Verification
  • Early Warning Services Shared Fraud and Account Abuse Data
 
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