Red Flag

002Red Flag regulations require that businesses comply with a documented program that identifies and addresses at least 26 potentially relevant indicators of consumer identity theft. Failure to do so could result in disruption of business, injury to your company’s reputation and heavy fines.

Equifax assisted the Consumer Data Industry Association in providing comments to federal regulators during drafting of the Red Flag legislation. We are uniquely qualified to help you:

  • Understand complex Red Flag requirements and their impact on your business.
  • Ensure a formal, written identity theft prevention program is developed.
  • Identify and implement automated solutions that seamlessly integrate into daily operations and existing delivery processes.

In fact, more than 70% of Equifax customers use an Equifax fraud, ID verification or authentication tool for fraud mitigation. All the more reason to trust us to help you quickly implement a user-friendly automated system for addressing this compliance burden.

Products and Services
i-eport
Red Flag legislation is complex and wide-ranging. Equifax can help you automate many of the compliance tasks for your business.
eIDverifier is an Internet-based service that authenticates a consumer’s identity by presenting multiple-choice questions to the applicant that should only be known by that actual consumer.
eIDcompare is an Internet-based service that helps companies mitigate the risk of doing business online by validating that an applicant’s identity actually exists or by verifying the identity of a joint applicant not present during an account opening process.
IDENTITY SCAN is the first step in identifying fraudulent activity such as fraud victim alerts, misused Social Security numbers, hot addresses, and suspicious phone numbers
 
 
 
SSN Affirm is a fast, efficient tool that helps reduce the risk of loss caused by synthetic identity fraud.
 
 
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