Nine benefits of fraud detection + prevention The benefits of fraud detection and prevention boil down to one important thing: more revenue. If you don’t do anything to detect and prevent fraud, you stand to lose a significant amount of money. But if you prioritize fraud detection and prevention, you’re likely to increase revenue and grow […]
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Resources tagged "Fraud Services"
Confirm identity legitimacy with confidence. As consumer preferences for digital transactions continue to grow, financial institutions must reevaluate what those digital interactions look like—not only to better serve their consumers but also to maintain and grow their business. Carefully orchestrated verification strategies are critical in today’s digital era to fight existing and evolving fraud, comply […]
Fraudsters attack every stage of the consumer’s journey. However, implementing a layered approach to fraud at various stages and across different channels can help: When battling fraud, there’s no such thing as a single solution. But when you introduce the right methods at the right stage of the consumer journey, you can take actionable steps to reduce […]
With the growth of a more connected economy, business is becoming increasingly complex as more transactions move into the digital space. Financial institutions are now challenged with detecting rampant identity theft and more sophisticated application fraud. That’s why you need a comprehensive solution that begins with quickly identifying suspicious information and potential fraud. With Equifax, […]
It’s no secret that fraud continues to rise. The Aite Group estimates that losses from identity theft will grow to $635.4 billion by 2023. In other words, fraudsters will generate more annual revenue with ID fraud than any business’ yearly revenue globally, including Walmart and Amazon. Identity theft and fraud are big business with no […]
As technology improves, so does the savviness of fraudsters. But you don’t have to fall victim; Equifax’s multilayered approach to fraud helps you stay a step ahead, without overburdening your consumers. This balancing act is a challenge, but it’s vital to the success of your business. So how can you enhance your authentication processes without […]
Leveraging the right solution at the right time is key to stopping fraudsters and reducing losses. We work with financial institutions and businesses to create a layered approach using Equifax products and solutions to fight fraud at every step of your consumers’ journey. AML Connect: A streamlined, scalable anti-money laundering compliance service from Equifax and FICO. FraudIQ® Identity […]
Separate fact from friction! In the time it takes you to read this sentence, your consumers could be prequalified for a loan by simply entering their ZIP and last-four SSN and be fully authenticated at the same time. InstaTouch ID uses Equifax and mobile carrier data to instantly validate your consumers’ identities. Then, it autofills form […]
As more transactions move into the digital space, you’re likely challenged with detecting increasingly prevalent identity theft and more sophisticated application fraud. FraudIQ® Identity Scan Alerts are an excellent first line of defense, helping you identify both true name and synthetic identity fraud, which can assist in reducing charge-offs and other losses. Identity Scan Alerts help identify potential […]
As you strategically plan and budget for 2022, we’d like to remind you that Equifax provides a wide range of solutions and capabilities beyond our traditional credit reports. If your strategic plan for 2022 includes priorities in technology, fraud prevention, online banking, risk management, new account acquisition, and/or process automation, consider how Equifax’s robust suite […]