Equifax has added a statistically derived fraud index score to its online solutions, eIDverifier and eIDcompare. Equifax has developed this new index score by analyzing patterns in fraud transactions across a wide range of industries. It designed a predictive fraud index to help confirm the legitimacy of an identity and the likelihood of an applicant presenting fraudulent information.
Equifax has also added bilingual capabilities to its eIDverifier authentication offering. The solution now generates questions and corresponding multiple choice answers in Spanish as well as English, giving consumers the option to authenticate in either language. These new product enhancements are part of Equifax’s comprehensive suite of fraud solutions.
Dann Adams, president of US consumer information solutions at Equifax, said: Faced with mounting regulatory pressures, economic stress and a decline in consumer credit quality, businesses can’t afford the consequences of overlooking fraud prevention technology. Our customers tell us that protecting their own customers, partners and employees from fraud is a top business priority. We’re continuously bringing innovation and new technology to our fraud solutions to help them do this.
