TrueID®

Authenticate a user through fingerprint biometrics

Fingerprints are unique to each individual and do not change over time. And because they are part of the individual, they can be accessed at any time without requiring the customer to carry an additional device or token.

TrueID® helps to verify identities in face-to-face transactions. The captured and verified information is then available at other points of service for a subscribing organization.

Using our identity proofing solutions with TrueID, you can bind the proofed identity at enrollment to a user that comes in for repeat access using our Multi-Factor Authentication (MFA) solutions.

Why Use TrueID®?

  • Effectiveness: Many TrueID customers have experienced significant reduction in fraud losses and full cost recovery in just a few months.
  • Efficiency: TrueID typically takes only a few seconds to conduct a point-of-service verification. Automated capture and verification of consumer data makes transactions faster and more accurate. Supports policy and regulatory enforcement of frequency and value of certain types of high risk transactions.
  • Ease of use: TrueID features a simple, intuitive interface that is easy to learn with minimal training.
  • Flexibility: TrueID can be used in any face-to-face transaction that requires identity verification.
  • Extensibility: TrueID can be deployed as a standalone application or customized to fit specific needs. The solution can be easily integrated within an existing workflow and connected directly to other LexisNexis solutions.

With TrueID, transaction information is saved so future transactions with the same individual are smoother and faster. This functionality provides your business with a secure audit trail of transactions. TrueID has broad capabilities and can be used in many different types of applications, including retail, security, travel, financial, insurance and healthcare situations. When used in conjunction with authentication and biometrics, TrueID offers immediate identity resolution ensuring repeat transactions are in fact with authenticated enrolled customers and prevents multiple identities for a single person.

Get it now: For more information about TrueID®, please call 800.869.0751.

Identity fraud is the fastest growing crime in the United States, costing businesses over $48 billion annually. Businesses that do not verify customer identity are the easiest targets. Is your business one?

LexisNexis® TrueID® can help you fight check and credit fraud, product and service scams, fraudulent access and other fraudulent activities by:

  • Electronically capturing photo IDs
  • Extracting ID data into electronic form
  • Linking IDs to payment cards, checks and loyalty cards
  • Connecting IDs to fingerprints and other biometrics
  • Retaining comprehensive transaction history
  • Verifying identity against 20+ billion record national database
  • Verifying age automatically

TrueID® Validates a Customer’s Identity at the Point of Service.

Step 1: Identity Validation

  • Clerk scans customer ID (fingerprint optional).
  • TrueID database checked for existing enrollment.
    • Existing Enrollment NOT Found OR
    • Existing Enrollment Found Clerk Validates

Step 2: Identity Capture

  • Clerk captures ID image.
  • Optional Steps: Authenticated enrollment
    • Identity Verification
    • Authentication Quiz
    • Fingerprint Capture

Step 3: Enrollment

  • Clerk clicks to submit information and enrolls person into a private, secure TrueID database.
  • Additional Security Options:
    • Verification and Authentication ensures the person presenting an ID is who they say they are.
    • Biometrics scan
      • Ensures person is not enrolled under another ID and,
      • At future visits ensures the person is who they said they were at enrollment.
    • Audit trail retained with full image of ID and identifying data.

Get it now: For more information about TrueID®, please call 800.869.0751.

White Paper

  1. LexisNexis® 2011 True Cost of Fraud Study
    Retail fraud continues to be a $100+ billion problem burdening merchants. To help businesses more effectively battle this issue, LexisNexis® retained Javelin Strategy & Research conduct this third annual study on US retail merchant fraud.

    This landmark study includes research of unprecedented scope conducted with over 1,000 merchants, financial institution executives and over 5,000 consumers. No study has so comprehensively assessed the costly nature of criminal methods, industry solutions and merchant needs across channels, company size, payment methods and industry segments.

    Among many in-depth findings of the 2011 study: continuing the downward trend from last year, total merchant fraud losses declined year over year but they continue to be a $100+ billion problem. However, fraud rates could be poised for an upswing. From the merchant's perspective, although the number of fraudulent transactions went down this year, the nature of transactions is trending to be more severe - the average dollar value of a completed fraudulent transaction is higher this year than what was reported last year. Top issues for US merchants who ship internationally - delay in payment confirmation, verification of customer identity, limited jurisdiction, and ability to reclaim merchandise and costs. International merchants also say they are more vulnerable to "friendly" fraud than domestic-only retailers

    This report is structured to help merchants benchmark and improve their efforts in the costly battle against fraud.

Literature

  1. TrueID®

Get it now: For more information about TrueId®, please call 800.869.0751.

Contact Us

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

The TrueID services are not provided by "consumer reporting agencies," as that term is defined in the Fair Credit Reporting Act (15 U.S.C. § 1681, et seq.) ("FCRA") and do not constitute "consumer reports," as that term is defined in the FCRA. Accordingly, the TrueID service may not be used in whole or in part as a factor in determining eligibility for credit, insurance, employment or another purpose in connection with which a consumer report may be used 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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