Risk Solutions

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. Our knowledge based authentication solution can help.

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Knowledge based authenticationInstantID Q&A helps reduce risk during the account opening and changing processes by implementing a sophisticated knowledge based 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 Solutions Group stores all transaction histories for auditing purposes.

Comprehensive customer service LexisNexis® Risk Solutions 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.

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