 |  |  |  |  |  |  |  |  |  |
CSIdentity SAFE RedFlag
On November 1, 2008, banks must be in compliance with the Fair and Accurate Credit Transactions Act (FACT Act) Identity Theft Red Flag (FACT Act Section 114) and Address Discrepancy (FACT Act Sections 114 and 315) rulings.
CSIdentity provides an automated solution that meets all of the the FACT Act requirements:
- Overview Turnkey solution includes compliance guides, gap analysis, plans, training solutions and identity theft and address discrepancy detection capabilities.
- Identity verification and authentication prevents the use of stolen identities during online, telephone, and in-person transactions.
- Provides risk scoring and indicates specific areas of identity and address risk.
- Priced per transaction and available in real-time, batch or Web service interface.
Benefits
- Automates FACT Act compliance.
- The only solution providing proactive detection of compromised accounts before fraud occurs.
- Increases new account approvals of non-verified name at an address.
- Reduces manual review, operational expenses and fraud losses
The CSIdentity Red Flag compliance solution combines both transaction-based and proactive account-based detection of fraud and identity theft and includes a comprehensive toolkit with guides, training and automated Red Flag detection capabilities to help your bank reduce fraud and protect your customers.
CSIdentity
www.csidentity.com