ID Vision Fraud Alerts | TransUnion Add On
Data breaches have grown in frequency, size and scope allowing fraudsters to easily source personally identifiable information to perpetuate identity fraud. In 2016, 1 in 16 U.S. adults were victims of identity fraud resulting in losses totaling $16B1, the most on record for a single year.
Fraudsters are devising increasingly sophisticated fraud schemes. Is your
organization prepared?
With identity fraud increasing on an annual basis
and becoming more sophisticated with the growing
use of stolen and synthetic identities, aided by
technology, the challenges facing organizations
have never been more complex.
Leveraging the power of IDVision, our alerts use
real-time, proprietary ID behavioral algorithms to
pinpoint fraud and high-risk identities at originations,
onboarding and throughout the customer lifecycle.
This provides greater certainty that potential,
fraudulent activity will be flagged before
significant damage has been done to your
organization’s reputation, brand and revenue.
And with ongoing updates to address evolving
fraud techniques, and identity compliance
requirements, you’ll be better prepared to stay
ahead of whatever’s next.
IDVision Alerts are an integral solution
to your key business challenges:
-
→ Reducing fraud at originations before becoming an
active account
-
→ Improving operational efficiencies with less time
and money spent on manual reviews, resulting in an
improved consumer experience
-
→ Pinpointing new, sophisticated and evolving behavioral
fraud tactics in real time
-
→ Defending your organization’s positive reputation and
maintaining consumer trust
-
→ Complying with the Red Flags Rule and Know Your
Customer regulations, ensuring you truly know who
you’re doing business with
Stay ahead of fraudsters throughout the
customer lifecycle:
→ Application processing – Review what may have
changed from prescreen to actual application
→ Onboarding – Ensure initial transactions do not have
behavioral anomalies
→ Account Management – Monitor and verify suspicious
identity usage and transactions
IDVision Alerts: How it works
Superior coverage, flexibility and customization for your organization:
→ New and advanced fraud alerts detecting invalid/
unverifiable SSNs, application velocity, identity
behavioral anomalies, synthetic fraud, relational
anomalies, unverifiable identities and more
→ Advanced trigger logic combined with deep cross-
industry data from the extensive network of
TransUnion data sources lowers firing rates and false
positives while improving fraud detection performance
→ Individual alert configuration options enable
alignment to your organizational fraud and identity
compliance strategies
→ Ease of integration minimizing IT expenditures and
time to deployment
→ Management reports summarizing triggered alerts and
firing frequency help monitor performance and trends,
as well as adjust strategies
To add this product, please contact your account manager, email us at support@isoftpull.com or call us at 760-579-6171.
Ready to Get Started?
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