NORTHFIELD, Minn. — Identity-fraud risk assessment company ID Insight has launched CompleteID, a verification solution that not only analyzes the "who," but also the "where" and "when."
"While traditional verification solutions focus solely on identity, CompleteID uses more data and next-generation technology to deliver a far more accurate and comprehensive analysis on which to base decisions," said ID Insight president Adam Elliott. "By combining the most comprehensive verification data with everything we know about the consumer's access points, including where they say they live and the pattern of transactions tied to a physical or cyber address, CompleteID's predictive intelligence delivers a crystal clear picture of whether fraud is likely taking place."
CompleteID produces a risk score on 100 percent of transactions, returning a decisive, actionable assessment in about one second. By streamlining the verification process, businesses can prevent fraud, reduce costs and capture more legitimate business. CompleteID supports compliance with requirements of the FACT Act Red Flag guidelines, USA Patriot Act, Bank Secrecy Act, OFAC and "know your customer" regulations.
