InstantID® Q&A
Identity theft costs businesses and financial institutions nearly $48 billion each year, with an average loss of almost $5,000 per instance. And the greater the risks involved, the more certain you'll need to be that your customers are who they claim they are.
Benefits | Features | Literature
Multi-factor authenticationInstantID Q&A helps reduce risk during the account opening and changing processes by implementing a sophisticated multi-factor authentication process. Using unique challenge-based questions whose subjects include counties of residence, assets, relatives, and automotive history, it provides instantaneous authentication at the customer contact point.
Accurate and easy-to-audit results The questions themselves are simple, but the analytics behind them are sophisticated and powerful. InstantID Q&A searches a large database of publicly available information and leverages complex analytical techniques developed by Verid™, a leading provider of identity verification and authentication services. InstantID Q&A helps you save time and reduce operating costs for services ranging from account originations and updates to ACH transactions, money transfers, and instant credit applications.
LexisNexis® Risk & Information Analytics Group stores all transaction histories for auditing purposes.
Comprehensive customer service LexisNexis® Risk & Information Analytics Group's support personnel actively monitor verification performance on a client-by-client basis.
Get it now: for more information about InstantID Q&A, please call (800) 869-0751.
InstantID Q&A is not a consumer reporting agency as such term is defined in the federal Fair Credit Reporting Act, 15 U.S.C. §1681, et seq. ("FCRA"). InstantID Q&A reports do not constitute consumer reports as such term is defined in the FCRA, and accordingly InstantID Q&A reports may not be used to determine eligibility for credit or for any other purpose provided for in the FCRA.
Extend the power of InstantID Q&A with the following:
InstantID®
Prevent fraud and identity theft before they strike your organization.
InstantID® CIP
For identity verification plus PATRIOT Act Compliance
Customer Due Diligence Solution
Assess customer risk and manage compliance regulations
Anti-Money Laundering Solutions
Streamline investigations and perform due diligence research
InstantID® Q&A complies with the FACT Act Identity Theft Red Flags Rule.
How can we help your company? For more information about our solutions call (800) 869-0751 or email us now