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FraudIQ Identity Score

Prevent fraudulent activity during customer acquisition and account opening
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Product Overview

FraudIQ® Identity Score helps prevent fraud by delivering identity insights that detect linkages and suspicious patterns. This helps determine that the customer is who they claim to be. Using insights and customizable scoring, you can make critical decisions in real time when spotting potential fraudulent requests – often without increasing manual reviews or sacrificing customer satisfaction.

Who It's For

Chief Fraud Officer

Reduce fraud through identity verification, authentication, and other strategies

Head of Line of Business

Generate revenue while minimizing exposure to fraud

Chief Risk Officer

Maximize compliance, minimize fraud risk

Solution

Keying Technology for Fewer False Positives

FraudIQ Identity Score leverages Equifax’s advanced keying logic to validate components of an applicant’s identity. This keying technology drives down the number of false positives that normally accompany fraud products. As shown by Equifax’s customer validation studies, decisions based not only on high-quality data about an individual from multiple data assets, but also with advanced analytics, can result in an almost 25% reduction in false positive rates.

How Can FraudIQ Identity Score Help?

FraudIQ Identity Score provides you with scores, reason codes, and attributes to help you answer the following questions:
  • Does the identity information exist and match a real identity?
  • Are there inconsistencies with the applicant’s behavior across a consortium of data?
  • Does this application have high risk variables that are known to be predictive of fraud?
  • *Does this meet Customer Identification requirements under the USA Patriot Act and red flag compliance?
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Related Resources

White Paper
2.1 MB
White Paper
The Stark Reality of Synthetic ID Fraud
Product Sheet
87.5 KB
Product Sheet
FraudIQ™ Identity Score
White Paper Product Sheet

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