InstantID®
It's no secret that identity theft is expensive. According to the FTC, it costs businesses and financial institutions nearly $48 billion each year—with an average loss of almost $5,000 per instance.
Benefits | Features | Demo | Literature | White Paper
Protect your organization with LexisNexis® InstantID®, a powerful identity authentication solution that helps you prevent fraud and identity theft before they strike your organization.
Comply with federal regulations InstantID was designed to help you comply with federal regulations and follow the recommended policy guidelines published by the American Bankers Association—in fact, it is the only identity verification solution that has been endorsed by the ABA. It also helps you meet the new account opening requirements that are outlined in Section 326 of the USA PATRIOT Act and comply with the special due diligence needs imposed by Section 312. In addition, InstantID performs an automatic check of the Office of Foreign Assets Control (OFAC) terrorist watch lists with every search.
Prevent identity fraud InstantID combines verification, validation, and fraud detection tools in order to instantly authenticate businesses and individuals. It searches both business and consumer records, and it returns information that verifies a person's identity and alerts you to any indicators of potential fraud.
Optional Components
FraudDefender®
FraudDefender® is a sophisticated, easy-to-use tool that allows you to instantly identify which credit applicants and businesses present you with the highest risk of fraud. Using advanced scoring techniques and a powerful database of information, it pinpoints potentially fraudulent applications within seconds.
Fight fraud and protect your company's assets FraudDefender® verifies an applicant's identity and calculates any risks that are associated with him or her. It can also uncover links between businesses and their authorized representatives. A straightforward numeric score summarizes these results and allows you to identify high risk applicants.
Streamline your credit applications FraudDefender® helps you focus your follow-up investigations on those accounts that have the highest levels of risk. With "false alarm" rates that are significantly lower than those of our competitors, this powerful tool helps streamline your operations, reduce manual review and minimize your exposure to fraud.
Red Flags Rule Report
The LexisNexis® Red Flags Rule Report can help comply with the FACT Act Identity Theft Red Flags Rule. Reveal patterns, practices, and suspicious activities that may indicate the possibility of identity theft.
Helps reduce compliance risk and prevent losses due to identity theft Identifying and acting on instances of identity theft is no longer “just another CIP policy”—it’s the law. Our Red Flags Rule Report is a tool that keeps you on the front lines of identity theft prevention.
Red flag alerts warn you of suspicious activity With warning conditions, or red flag alerts, clearly associated with red flags guidelines, you are alerted to suspicious personal information such as false or disconnected telephone numbers, miskeyed or mismatched social security numbers, invalid zip codes, security freezes and more.
Office of Foreign Assets Control (OFAC) Screening
LexisNexis® OFAC Screening offers an efficient, cost-effective way to make sure that your business is fully compliant with OFAC regulations.
Streamline your OFAC compliance OFAC Screening's advanced search capabilities quickly and automatically scan your customer names and alert you to any potential matches. OFAC Screening investigates former names, aliases, or anything else in a customer's record that might indicate a risk.
Search for international alerts OFAC Screening allows you to scan customer names against such international watch lists as the Bank of England List and the Bureau of Industry and Security (BIS) Export Control List.
Get it now: for more information about InstantID, please call (800) 869-0751.
InstantID and FraudDefender® are not consumer reporting agencies as such term is defined in the federal Fair Credit Reporting Act, 15 U.S.C. §1681, et seq. ("FCRA"). InstantID and FraudDefender® reports do not constitute consumer reports as such term is defined in the FCRA, and accordingly InstantID® and FraudDefender® reports may not be used to determine eligibility for credit or for any other purpose provided for in the FCRA.
Benefits | Features | Demo | Literature | White Paper
InstantID® and InstantID® Q&A are the only verification and validation solutions endorsed by the American Bankers Association. |
InstantID® complies with the FACT Act Identity Theft Red Flags Rule.
Extend the power of InstantID with the following:
InstantID® CIP
For identity verification plus PATRIOT Act Compliance
InstantID® Q&A
For automated query-based identity verification
Customer Due Diligence Solution
Assess customer risk and manage compliance regulations
Anti-Money Laundering Solutions
Streamline investigations and perform due diligence research
Applicant Screening
A comprehensive solution that offers in-depth verification and analysis
How can we help your company? For more information about our solutions call (800) 869-0751 or email us now
