Fraud Management

002Fraud has become more prevalent and sophisticated as a result of technology, but you don't have to be a victim. Equifax offers patented ID verification and authentication services that effectively combat a broad range of fraudulent activities so that you can:

  • Identify and further investigate high-risk applicants

  • Predict fraud potential and reduce losses

  • Eliminate manual inefficiencies for reduced costs

  • Automate online risk/fraud assessment and identity authentication

  • Meet growing regulatory screening requirements

  • More effectively serve legitimate customers

Our data assets include credit, employment, income, demographic and other differentiated data sources that provide deep insight around consumer identities. Leveraging Equifax data, in combination with your own application data, we can help you develop fraud models that effectively predict the likelihood of fraud. The Equifax fraud platform leverages data and analytics, along with flexible decisioning technology, to deliver robust identity screening, identity verification and knowledge-based authentication solutions.

Equifax can help you upgrade both your fraud mitigation and risk management processes by verifying the credit, employment, income, assets, ownership of accounts and other claims that consumers make to you.

Our fraud tools range from simple application data confirmation to real-time identity verification that combines statistical modeling and out-of-wallet questions, to highly predictive custom scores.

For more information on Equifax’s suite of fraud mitigation solutions, click to view our Identity Suite.

Identity Suite

Fraud issues vary by industry and Equifax's fraud solutions have been effectively applied in combating fraudulent activity at thousands of companies. Products within Equifax's Identity Suite are specifically designed to automate the business processes that many companies are handling manually.


Compliance

The need to meet government agency screening requirements has never been greater. Knowing your customers and their backgrounds is essential in minimizing your risk and staying in compliance.



 

Products and Services
i-eport
 
Compliance Data Center, Inc. (CDC) maintains a comprehensive database which includes multiple sources of information, such as various government and agency lists worldwide, as well as global media reports of white-collar criminal activity and terrorist-related activities.
ACCOUNT VERIFY can be utilized to verify and screen information before payments are accepted; confirm that the account numbers presented by a consumer or authorized user are accurate and belong to that consumer; provide alerts from the consumer credit report, or verify name, address and account number.
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.
i-eport
Equifax Decision 360 enhances portfolio profitability with effective assessment of ability, willingness and capacity to pay across the customer lifecycle.
ID Report searches the Equifax nationwide credit reporting database of more than 200 million consumer files to return complete ID and locate information.
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
.
Identity Suite screens individual elements of an identity for known fraud and potential misuse; verifies if an identity corresponds to a real person; authenticates that an individual is who they say they are; and fraud scores and reason codes that reduce false positives and facilitate prioritizing manual reviews.
OFAC Alert is an efficient solution to facilitate your compliance with OFAC requirements and various regulations, such as the USA PATRIOT Act. OFAC Alert — a powerful tool that will help put you on the road to compliance — fast.
SSN Affirm is a fast, efficient tool that helps reduce the risk of loss caused by synthetic identity fraud.
Fraud Advisor and ID Advisor provide companies with a robust fraud detection and identity verification solution.
Fraud Advisor and ID Advisor provide companies with a robust fraud detection and identity verification solution.