The flexibility of Precise ID allows you to address multiple types of:
The following business fraud and identity solutions are accessed through Experian's eSolutions website:
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.
Examine the various types of existing account fraud, including account takeover, impersonation, bust out, synthetic identity and undetected acquisition fraud.
Learn how a risk-based approach to verifying customer information enables consistent and objective decisions, faster approvals and maximizes the usage of staff time.
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Receive extensive and thorough identity evaluation for your Demand Deposit Account authentication needs. Precise ID for Account Opening and Early Warning’s Shared Fraud and Account Abuse records combine the best of two market-leading account opening and identification providers. Experian’s expansive data assets are reinforced with deposit account– centric confirmed fraud and financial mismanagement records contributed by Early Warning’s customers.
Benefits include comprehensive consumer authentication and fraud detection, valuable risk scores from both Experian and Early Warning, and convenient access to two trusted industry providers through a single inquiry. This efficiency through automation of several business process steps ultimately leads to secure, actionable and relevant decisioning information.
Precise ID with FraudNet identifies fraud, authenticates users and validates their devices all in a single platform. Gain confidence in your decisioning, gain more customers, reduce risk and remain compliant.
Gain additional authentication confidence or be alerted to potentially known risks in both acquisition and account management processes, by participating in Experian’s consortium of verified fraud records. National Fraud DatabaseSM provides access to confirmed fraud and victim records from a variety of industries, including banks, credit card issuers, telecommunications providers and retailers. Information obtained from the National Fraud Database is used during account opening and throughout account review to make prompt, informed decisions about extending credit or services.
The National Fraud Database relies on data reciprocity among the participating members to obtain and update fraud records. To participate in the National Fraud Database, members contribute and properly classify their fraud records according to the fraud activity perpetrated against them. Fraud record classifications include identity theft, account takeover, fictitious identity, bust-out and fraud victim.
The fraud detection systems within Precise ID provide optional Credit Card Verification via the unique ability to associate a consumer’s identifying information with a full credit card account. The use of this authentication tool helps reduce risk associated with credit card balance transfers as well as credit card purchases, payments or deposits.
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