Equifax offers identity verification and authentication solutions that provide a user-friendly experience during online account opening, while reducing fraud.
eIDcompare – A Cost-Effective Solution for Fraud Mitigation
eIDcompare is an Internet-based service that helps companies mitigate the risk of doing business online by validating that an applicant’s identity actually exists or by verifying the identity of a joint applicant not present during an account opening process. eIDcompare is an economical solution that is deployed for less risky, lower-exposure online transactions by leveraging a “waterfall” approach to validating applicant information against multiple data sources
eIDverifier - Securely Authenticate High-Exposure Transactions
eIDverifier is an Internet-based service that authenticates a consumer’s identity by presenting multiple-choice questions to the applicant that should only be known by that actual consumer. This patented interactive session binds the applicant to the identity information entered and leverages a statistical model that provides a fraud index score as part of the overall assessment.
These solutions help minimize manual processing time and cost around identity verification, while ensuring compliance with USA PATRIOTAct, FFIEC and FCRA guidelines.
Why use Equifax
As the needs of our customers have evolved, so have we. Expanding on our role as the trusted steward of credit data, Equifax has grown into the leading provider of technology-and analytics-fueled information solutions.