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Acxiom FactCheck-X offers real-time consumer verification, providing identification confirmation to reduce fraud losses and maintain regulatory compliance while maximizing profitability. Multi-factor identity verification and authentication solutions, including biometrics and name recognition technologies, are offered by Acxiom Risk Mitigation. Our technology helps manage risk and prevent fraud loss within financial institutions, government organizations, universities and many other industries to avert loss due to identity theft.
The FactCheck-X solution offers the extra steps necessary to protect the identity of customers – a tangible value when a fraud loss is diverted. Acxiom’s “hit rates” range from 88% to 98% on verification inquiries.
Over $47 billion dollars have been lost by businesses and financial institutions due to identity theft. In today’s changing world, trusting customers on face-value is no longer the industry standard. Businesses are becoming proactive in protecting themselves and their customers, while diverting potential losses. The implementation of new legislation is forcing many organizations to begin using services included in this solution such as USA PATRIOT Act compliance.
The Fair and Accurate Credit Transactions Act of 2003 mandates that financial institutions and creditors implement policies and procedures for detecting, preventing and mitigating identity theft by November 1st, 2008.
In a world where business and everyday life pair seamlessly with technology, American consumers risk falling victim to identity theft more and more every year. Authentication is a powerful tool in a company’s overall identity management solution.
Distance learning poses unique challenges for educators. When students and professors cannot meet face-to-face, how can you ensure the right person is taking an exam? Acxiom can help you maintain academic integrity standards by verifying the student identity– all without a time-consuming enrollment process, proctored exams, expensive hardware or broadband requirements.
The process of ensuring people are who they profess to be is called verification. When a business originates an account or a relationship with customers, the customers must provide legitimate information to prove their identities. The business must then verify this information to determine whether it is genuine.
The Fair and Accurate Credit Transactions Act mandates that financial institutions and creditors implement policies and procedures by November 1st.
Speak with our Risk Mitigation specialists by contacting us:
“Mitigating Identity Fraud While Enhancing the Customer Experience”
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