Overview

Every organization faces increasing challenges to ensure every customer and employee transactions is accurate and free of fraud or identity theft.

The Problem

Traditional approaches rely upon single sources of data that can be inaccurate, incomplete out-of-date or simply fraudulent, and many times inefficient processes can create unnecessary points of friction for consumers.

The Solution

ClearForce provides unique automated identity verification, employing an innovative, layered approach that leverages real-time integration of biographical sources of record, including banking, public record and telecommunication data. Configurable input including name, address, DOB, SSN, mobile number, email address to enhance completeness, accuracy, and consistency.

Challenges

Each year, 7%-10% of US population are victims of identify fraud
Synthetic ID fraud is fasting growing fraud in US
$8B lost each year to synthetic ID fraud

Benefits

Mitigate identify fraud and synthetic identity risk
Validate ownership of smart device & validity of email address
Automated redress and dispute resolution

User Persona

Patrick

Job Role: Compliance Manager

Industry: Federal Government

Situation

Patrick’s team is responsible for securing and efficiently delivering private documents to US citizens, many of which are online, making sure they validate the identity and each citizen and authenticate each transaction.

Challenge

Identity fraud and synthetic identity risk are growing challenges for his organization based on the volume of transactions, varied input information from different documents and -of course – his budget.

Solution

Patrick selected ClearForce to enhance identify validation and authentication and reduce the fraud and compliance associated with stolen documents.