Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Equifax announces fraud mitigation solution
ATLANTA (7/26/12)--Equifax has released a new fraud mitigation solution to eliminate identity misuse by fraudsters when they attempt to open new accounts.

Instant credit applications are a primary source of new business for the financial services industry, and as online channels expand, so do the number of fraudulent or compromised accounts. Equifax's Suspicious ID interprets fraudulent activity patterns in real time by monitoring suspicious activities across an entire network of financial services organizations and other related industries. It also delivers scores and attributes that provide a basis for assessing risk.

Suspicious ID provides rapid analysis of spikes in suspicious application data, catching questionable attempts or high-risk applications upon account opening in real time. It also reduces the common problem of "false positives" that appear when a member's information is entered incorrectly.

Suspicious ID also improves fraud capture rates and decreases the need for manual reviews, Equifax said.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
16 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
21 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
21 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
23 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
23 hours ago