FraudPoint®

1-888-216-3544

1-800-953-2877
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Combat identity fraud with sophisticated scoring and leading analytics.

Stay ahead of evolving fraud tactics with a holistic approach to managing fraud risk through investigative tools, risk prediction and authentication—while reducing fraud costs and increasing efficiency.

Benefits

FraudPoint® is a highly efficient scoring and identity data solution that greatly enhances your ability to prevent fraud, reduce costs and streamline decisions so that your business steers clear of fraud and stays focused on profitable customers.

Protect profits with a complete prevention strategy

FraudPoint helps you identify an applicant's risk of committing fraud and delivers an intelligent fraud prevention strategy that:

  • Increases profits by realizing faster customer acquisition.
  • Reduces operating costs.
  • Reduces fraudulent write-offs.
  • Minimizes unnecessary delays in approvals for legitimate customers.
  • Streamlines decisions to increase operational efficiencies.
  • Lowers false positives.

Data-driven insight provides advantages

FraudPoint solutions utilize four major categories of information that provide real-time visibility into identity activity and identity behavior across multiple industries. LexID®, the advanced linking technology from LexisNexis, aggregates information from over 34 billion records and intelligently examines the data interconnections to provide clear perspective into the complex world of identity fraud. With an identity repository of more than 95% of the U.S. adult population, including entities with limited credit and financial histories, no other provider can offer the level of sophistication, coverage and fraud prediction.

Fraud risk—ranked and scored with precision

FraudPoint reveals fraud characteristics not evident in standard verification and validation processes by catching inconsistencies in applicant and account information.

With access to the most authoritative data and analytics, FraudPoint® Score is an analytic scoring solution that delivers critical, relevant insight that can substantially improve your ability to predict and prevent fraud—and recognize and approve authentic customers. An easy-to-interpret, three-digit score ranks individuals according to their calculated risk to commit fraud, making the decision process simple.

Better mitigate risk earlier in the process and let FraudPoint effectively rank order fraud up-front—saving operational costs and fraud loss expense.

Increase efficiency—increase profits

FraudPoint Score is reported with six fraud-indicative warning codes for high-risk conditions. To help pinpoint the type of fraud most likely being perpetrated against your organization, one of six innovative fraud type indices is dynamically calculated and provided. Not only will you be preventing fraud as you identify legitimate new customers, but you'll also be doing it quickly. This frees up your time to handle larger volumes of work or focus time and attention on other pressing business needs.

Comply with Federal regulations

FraudPoint can help serve as a significant component in your Red Flags Identity Theft Prevention Program.

Get it now: For more information about FraudPoint, please call 800.869.0751

Features

Accurate risk assessment

The effectiveness of a predictive score depends on the quality of the underlying data used to produce it. FraudPoint scores are generated from a vast collection of public records and non-traditional, proprietary information. This data is then used to assess the likelihood that an individual will potentially commit fraud.

Comprehensive data sources

FraudPoint incorporates a wealth of constantly updated public records and can evaluate up to 75 million more consumers than traditional credit bureaus. Once the data is gathered from multiple sources, it goes through a sophisticated linking and analytics process that ultimately assigns a score based on fraud potential or the lack thereof. Our comprehensive suite of investigative tools allows you to quickly research and resolve fraud cases.

Convenient ordering and delivery options

Available in batch, XML and a simple user interface, FraudPoint solutions can be used in conjunction with other LexisNexis identity verification and authentication solutions to strengthen your prevention strategy and supporting programs.

Industry-specific results

An identity scoring and management solution, FraudPoint that has been tailored to the needs of financial institutions, bankcard issuers, telecommunications companies and other organizations that offer loans or lines of credit and are at risk for fraud.

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

More Information

White Paper - Stopping Fraud Where It Starts: The Value of Analytics in the Onboarding ProcessWhite Paper - The Effect of Identity Fraud to Financial Services Organizations: Costs, Losses, Resource Requirements and Best Practices

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FraudPoint® and FraudPoint® Attributes 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, FraudPoint® and FraudPoint® Attributes 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.