Risk & Information Analytics

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.

Benefits  |  Features  |  Literature