InstantID®

Authenticate identity, spot fraud and flag ID discrepancies

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.

Protect your organization with LexisNexis® InstantID®, a powerful identity verification 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 (ABA). In fact, it is the only identity verification and validation solution that has been endorsed by the ABA. InstantID also helps you meet the new account opening requirements 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 watchlists with every search.

Prevent identity fraud

InstantID combines powerful and effective verification, validation and fraud detection tools to instantly authenticate businesses and individuals. It searches both business and consumer records, and returns information that verifies a person's identity and alerts you to any indicators of potential fraud.

Get it now: For more information about LexisNexis® InstantID®, call 800.869.0751.

Verification and validation

InstantID® verifies essential personal information such as name, consumer or business address, date of birth and social security or tax identification number. It also verifies the identities of businesses and their authorized agents. It searches billions of records and thousands of independent data sources in order to quickly provide the broadest and most accurate information.

Comprehensive risk assessment

InstantID alerts you to any indicators of identity theft or fraud. It identifies potentially high-risk data elements—such as prison addresses, campground addresses, disconnected phone numbers and social security numbers of deceased persons—and summarizes the results in an easy-to-interpret verification index and a FraudPoint® score. It also performs an automatic check of the Office of Foreign Assets Control (OFAC) list of known terrorists.

Smart, easy-to-audit results

As it searches for information, InstantID alerts you to any potential data mis-keys and returns a list of suggested corrections. It also returns alternatives for any elements that can't be verified.

LexisNexis® stores all transaction histories for auditing purposes.

Get it now: For more information about LexisNexis® InstantID®, call 800.869.0751.

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InstantID® International

InstantID International offers a comprehensive identity verification, global anti-money laundering and risk management solution. Mitigate risks, protect your organization from identity theft and help your organization's ongoing compliance obligations.

Mitigate risk and comply with International regulations

While many data resources only provide one or two pieces of vertical historical data to verify identities, InstantID® International uses advanced data linking to cross-reference multiple data sources. With multiple confirmations, you can turn prospects into customers and remain confident that you are protecting your organization from various identity theft risks.

Improve productivity and ROI

Until now, performing due diligence on Non-Resident Aliens (NRAs) and International customers was a tedious manual process that drained staff resources and decreased ROI. With unique and vastly different data sources in each country, it wasn't cost efficient to aggressively pursue these customers. But InstantID® International simplifies, automates and removes any subjectivity from the process by giving you fast and easy access to electronic identity screening and verification. And it's the only data solution available that allows you to target NRAs doing business in the U.S. while assisting your company with its ongoing compliance obligations.

FraudPoint®

FraudPoint® 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 in seconds.

Fight fraud and protect your company's assets

FraudPoint® 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 three-digit numeric score summarizes these results and allows you to identify high-risk applicants.

Streamline your credit applications

FraudPoint® helps you focus your follow-up investigations on 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. Use it to 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 one tool that can keep you on the leading edge 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're alerted to suspicious personal information like false or disconnected telephone numbers, mis-keyed 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 International watchlists like the Bank of England List and the Bureau of Industry and Security (BIS) Export Control List.

Get it now: For more information about LexisNexis® InstantID®, call 800.869.0751.

White Papers

  1. Combating Identity Fraud: An Overview of Complementary Approaches
    Modern identity fraud is one of the greatest challenges facing governments, corporations and financial institutions. LexisNexis® has been a leader in the study of identity fraud and in the development of automated solutions to combat it. Through its participation in identity fraud reports, law enforcement-private sector meetings and conferences and in industry-sponsored identity fraud events, LexisNexis® has assumed an industry leadership position in the fight against this insidious menace.

Literature

  1. LexisNexis® InstantID® 

Get it now: For more information about LexisNexis® InstantID®, call 800.869.0751.

"LexisNexis® solutions, including InstantID®, add value to my work because they are efficient and 100% reliable, allowing us to grow..."

Patricio Jaramillo
NetSpend Corporation
Risk Analytics Manager

Get it now: For more information about LexisNexis® InstantID®, call 800.869.0751.


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Contact Us

For more information about our solutions call 800.869.0751 or contact us online

InstantID®, InstantID® International, FraudPoint®, LexisNexis® Red Flags Rule Report, LexisNexis® OFAC Screening or FraudDefender® does not constitute a "consumer report" as that term is defined in the federal Fair Credit Reporting Act, 15 USC 1681 et seq. (FCRA). Accordingly, InstantID®, InstantID® International, FraudPoint®, LexisNexis® Red Flags Rule Report, LexisNexis® OFAC Screening or FraudDefender® may not be used in whole or in part as a factor in determining eligibility for credit, insurance, employment or another permissible purpose under the FCRA.

Due to the nature of the origin of public record information, the public records and commercially available data sources used in reports may contain errors. Source data is sometimes reported or entered inaccurately, processed poorly or incorrectly, and is generally not free from defect. This product or service aggregates and reports data, as provided by the public records and commercially available data sources, and is not the source of the data, nor is it a comprehensive compilation of the data. Before relying on any data, it should be independently verified.

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Did you know?

InstantID® helps our customers comply with the FACT Act Identity Theft Red Flags Rule.