Red Flags Rule Report

Meet Red Flag rules while reducing identity fraud

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. With modifications to the Fair and Accurate Credit Transactions Act effective November 1, 2008, the Identity Theft Red Flags Rule requires financial institutions and other credit-granting entities to implement a written Identity Theft Prevention Program to help detect, prevent and mitigate identity theft in connection with the opening of certain covered accounts or certain existing accounts.

The LexisNexis® Red Flags Rule Report identifies suspicious personal identifying information and displays warning codes when red flags risk factors are present. Not only can you protect your business and your customers against the growing danger of identity theft and fraudulent activity, you can do so with a powerful solution that helps you address and automate important compliance obligations, both at account setup and throughout the account lifecycle.

Identify, research and act on threats to your organization

Our Red Flags Rule Report tool keeps you on the right side of identity theft prevention. As an add-on to InstantID® and FraudPoint® at account opening, you have a comprehensive toolset to identify suspicious activity, take action to minimize risk, comply with Federal regulations and increase profitability. Our Red Flags Rule Monitoring service allows you to continue to monitor the risk of identity theft to you and your customers.

Get it now: For more information about LexisNexis® Red Flags Rule Report, please call 800.869.0751.

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, mis-keyed or mismatched social security numbers, invalid zip codes, security freezes and more. Optimize your CIP processes with the added confidence of compliance with FACT Act Identity Theft Red Flags Rule requirements.

The LexisNexis® Red Flags Rule Report identifies suspicious personal identifying information and displays warning codes when red flags risk factors are present. Not only can you protect your business and your customers from the growing dangers of identity theft and fraudulent activity, you can do so with a powerful solution that helps you address and automate important compliance obligations—at account setup and throughout the account lifecycle.

Comprehensive integration with LexisNexis solutions and systems

"Red Flags Rule Report" can be employed as an add-on to InstantID® or FraudPoint® for a complete identity verification and risk assessment solution. XML and batch integrations as well as online and standalone batch monitoring deployment give you the flexibility to use the"Red Flags Rule Report" in the manner that best suits your workflow requirements.

Get it now: For more information about LexisNexis® Red Flags Rule Report, please call 800.869.0751.

White Papers

  1. LexisNexis® Red Flags Rule Program Checklist for Financial Services

Literature

  1. LexisNexis® Landmark Red Flags Legislation
    Is Your Organization Ready?

Get it now: For more information about LexisNexis® Red Flags Rule Report, please call 800.869.0751.

Contact Us

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

LexisNexis® Red Flags Rule Report, InstantID® or FraudPoint® 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, LexisNexis® Red Flags Rule Report, InstantID® or FraudPoint® 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?

The Identity Theft Red Flags Rule requires written policies and procedures to detect, prevent and mitigate identity theft in connection with the opening of a covered account or any existing covered account.

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