Equifax Fraud Mitigation Solutions for Account Opening

Businesses are challenged with detecting increasingly sophisticated fraud attempts. The account opening process is the front door to fraud, so effectively verifying and authenticating identities is the first step to shutting out fraudsters.

Growing reliance on online channels and “instant credit approvals” to increase revenues presents greater opportunities for skilled fraudsters. Equifax offers effective solutions to fight synthetic and true-name fraud, along with real-time detection of velocity and behavioral patterns that are indicative of suspicious activity.

Equifax's vast consortium of industry-leading data helps provide deep insight around consumer identities. Our identity assets include credit, employment, income, demographic, telco, utility, device ID and other differentiated data sources. We provide advanced analytics and software to improve fraud capture rates, and dramatically decrease false positives.

The benefits of an effective fraud strategy:

  • Reduce fraud charge-offs and increase activation rates
  • Improve the customer experience
  • Improve fraud capture rates and reduce false positives

To learn more about our fraud and identity solutions, click here