FraudPoint®
Perpetrators with the intention of committing fraud are more prevalent and employ more sophisticated methods than ever before. Fraud-related legal compliance requirements are stricter than ever before. That means you need a fraud prevention solution that is more comprehensive, more intelligent and more efficient than ever before. Experience our FraudPoint scoring and identity data solution.
Benefits | Features | Literature | White Paper
FraudPoint is a highly-efficient, new scoring and identity data solution that greatly enhances your ability to predict and prevent fraud—while helping you identify and approve profitable customers.
Gain a clear line of sight We continuously gather identity management intelligence from thousands of reliable sources, including directly from public and proprietary data sources. By starting with data that comes straight from the sources and is updated regularly, FraudPoint ensures that the information and scoring you receive is current, accurate and insightful.
Fraud risk—ranked and scored with precision By catching inconsistencies in applicant and account information, FraudPoint reveals fraud characteristics not evident in standard verification and validation processes.
An easy-to-interpret, three-digit score ranks individuals according to their calculated risk to commit fraud, making the decision process simple. And our sophisticated modeling and analytics can give you confidence to accept or deny customers.
Increase efficiency—increase profits Your 3-digit score also comes with six prioritized reason codes that pinpoint high-risk applicants, suggest automatic approvals and streamline exception processing. Not only will you be preventing fraud while identifying legitimate new customers, you’ll be doing it quickly. That means your staff can handle larger volumes of work or focus their time and attention on other important business needs.
Comply with Federal regulations The FraudPoint solution can help serve as a significant component in your Red Flags Identity Theft Prevention Program.
Optional Components
FraudPoint includes these powerful tools:
FraudPoint Attributes—Set your own fraud prevention policy
FraudPoint Attributes leverages more than 150 major risk touch points based on life events and predictive identity data sets. A compiled score and the underlying data allow you to build or customize your own risk policy or acceptance model based on criteria you deem relevant. For example:
- Identity authentication
- SSN attributes
- Invalid identity attributes
- Evidence of compromised identity
- Identity change information
- Past and present address characteristics
- Address differences
- Transient person attributes
- Derogatory public records
- Higher-risk address and phone attributes
- IP Geolocation Attributes
Finely tuned insight
FraudPoint and FraudPoint Attributes can be combined as a complete solution or an enhancement for improving the performance of existing fraud-prevention programs.
- Get knowledge about your customer base, its behavior, and its risk for fraud
- Monitor high-risk activity at a frequency based on your risk policy
- Make smart, informed decisions supported by strong analytics
- Increase approvals of legitimate applicants while avoiding fraudulent ones
- Identify fraud and fraud characteristics much sooner
- Reduce manual-review operational expenses
- Complement your Identity Theft Red Flags Fraud and Compliance Program
Get it now: for more information about FraudPoint, please call (800) 869-0751.
FraudPoint® and FraudPoint® Attributes are not consumer reporting agency products as such term is defined in the federal Fair Credit Reporting Act, 15 U.S.C. §1681, et seq. ("FCRA"). FraudPoint reports do not constitute consumer reports as such term is defined in the FCRA, and accordingly FraudPoint reports may not be used to determine eligibility for credit or for any other purpose provided for in the FCRA.
FraudPoint® is available through batch processing, system integration, or online as part of InstantID®.
How can we help your company? For more information about our solutions call (800) 869-0751 or email us now
