VERIFY360® | OVERVIEW
Improve Accuracy with
Lower End-to-End Costs
Verification challenges facing organizations continue
to evolve. Individuals looking to misrepresent
themselves have never been more sophisticated, and
traditional verification sources are increasingly unable
to differentiate the unknown from the malicious. While
manual reviews can assess tough-to-verify applicants,
consumers are increasingly demanding a low-friction
customer experience, and the operational cost
associated with manual screenings continue to climb.
Organizations looking for efficient consumer verification
require a solution capable of accurately and affordably
assessing the legitimacy of an identity, even with limited
credit history.
Verify360 Key
Benefits
• Maximum Verification
Accurately verify identities other
solutions can’t
• Reduced Operational Expenses
Effective element-level
Powerful, Cost-Effective
Verification
verification means fewer, faster
manual reviews
• Improved Customer Experience
Fewer manual reviews reduces
Verify360® utilizes unique cross-industry data from the ID Network®
to confirm the legitimacy of an applicant, reducing the volume of
manual reviews needed to ensure your organization knows who they
are doing business with. Comprised of over 2 billion applications and
events from over 300 million consumers, the unique data in the ID
Network enables Verify360 to accurately confirm each element of
a consumer’s identity, including address, phone, and Social Security
number.
Versatile Performance
This unique cross-industry insight combined with ID Analytics’
award-winning analytical expertise enables Verify360 to verify identities that other solutions can’t. This makes Verify360 effective as
either a primary verification tool, or as an additional screen prior
to manual review. Verify360 has repeatedly produced autoverification rates in the 85 to 92 percent range when used as the primary
solution, and verification rates as high as 60 percent when used to
screen customers that would have been sent to manual review by
similar solutions.
www.idanalytics.com
|
[email protected]
|
Tel: 858.312.6200
customer friction
• Cost-Effective
Industry-leading price point
reduces cost of verification
VERIFY360® | OVERVIEW
Verify360 Key Outputs
A hosted software solution, Verify360 analyzes personally identifiable information (PII) and provides
the following:
• Identity Element Verification: Verify360 will identify which PII elements were successfully verified.
For unverified applicants, element-level verification expedites the manual review process by pointing
out what PII needs to be verified with the consumer.
• Grade: Letter grades are determined by the match strength of the PII to our cross-industry real-time
data, risk level, and potential OFAC matches. Letter grades of A-F returned.
• Result Codes: Codes which describe specific conditions observed within the identity and provide
guidance for remediation activities. Conditions addressed by Verify360 include:
-- Address match to list of prison addresses, PO box or private mail facility
-- Social Security number reported as deceased
-- PII element(s) associated with suspected or confirmed fraud
Verify360: Inputs and Outputs
Output: Verify360
Summary Verification Score
Key Inputs
• SSN
• Name
• Address
• Phone Number
• DOB
A
B
C
D
F
Category
Input
First Name
Last Name
Address
Phone
SSN
DOB
John
Smith
123 Main St.
858-123-4567
123-12-1234
9/8/1984
I
Verified
Result Codes
908: Identity elements matched across
multiple data sources
552: Verify date of birth
550: First name not matched, check for nickname
The Proven Data Advantage of the ID Network
• Cross Industry Coverage: The robust, differentiated data in the ID Network spans a wide variety of
markets, allowing Verify360 to perform strongly in all sectors.
• Performance Data: The ID Network receives performance data from all clients and contains nearly
three million reported frauds, highlighting negative experiences associated with an identity.
• Up-To-The-Minute Visibility: The ID Network is updated in real-time with event and performance
data, providing timely insight which utilizes the latest data in the marketplace.
• Powerful Matching: Verify360’s PII element-level verification and grading process leverages ID
Analytics’ industry-leading analytic capability to verify a submitted identity.
Verify360 accurately verifies more identities, at a lower price point, than any solution
on the market.
Improve Your Ability to Verify Identities Today
Turn to Verify360 to help your company effectively verify consumers while reducing operational costs and customer friction.
Contact us today at [email protected], 858-312-6200 or visit www.idanalytics.com.