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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Precise IDSM for Account Opening is Experian's identity fraud detection software that your business can use to confidently identify, detect and prevent new account fraud or account opening fraud. Make more informed application processing decisions with Precise IDSM for Account Opening, which integrates identity element validation / verification, Fair Credit Reporting Act (FCRA)–compliant authentication scoring and decisioning into a single process. Now you can streamline new account opening processes for increased efficiencies while minimizing fraud loss and meeting compliance requirements.
By using Precise IDSM for Account Opening, institutions can rely on an automated system to help them authenticate applicants from both a risk-mitigation and a compliance perspective. A critical feature is an FCRA-based aggregated score — leveraging consumer credit, noncredit, application and known verified fraud data — that measures the risk of identity fraud and first-party fraud.
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