Experian BizID helps you verify business and/or business owner application information for accuracy and truthfulness. We draw from multiple databases to ensure accuracy, including Experian’s commercial risk information database, as well as databases with information on 22 million businesses and 220 million consumers. BizID provide you with a fraud risk score and decision to help you focus on the accounts that need additional review. Now you can further automate and streamline your application processes to reduce commercial fraud and meet financial regulatory compliance.
COMPLY
Meet financial compliance regulations with confidence
REDUCE
Cut customer acquisition costs by reducing manual review
PRIORITIZE
Focus on high-risk applications and accounts
BizID can help you:
- Reduce your commercial acquisition costs through reducing the likelihood of fraudulent commercial applications being approved
- Pull data from multiple sources and authenticate business and business owner name and address variations through a single inquiry
- Set up decision strategies based on rules and parameters or generic or custom scoring to effectively prioritize your highest fraud risk accounts
- Quickly identify application elements that have already been submitted through historical alerts to stop repeat offenders
- Meet regulatory obligations under FinCEN Customer Due Diligence, Bank Secrecy Act, USA PATRIOT Act, KYC, ect
- High risk result codes to determine if further business investigation is necessary to complete transaction
- Web user interface generates real-time reports to verify business and beneficial supplied identity information
- Returns primary business information found in Experian’s database, including type of business
- Returns a single score and decision with high-risk alerts of identity elements
- Applications that are referred or deemed high-risk can be sent for further business investigation
- Flexibility to preset risk thresholds and automate decisioning policies
Validated by Experian Data Quality
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