FIS Address Analysis

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Address Verification For Banks And Credit Unions

Identity theft is the act of obtaining another individual's identifying information and then using that information to make fraudulent transactions in the victim's name. Statistics have shown that more than 90 percent of identity theft involves some sort of address manipulation.

To combat this rising threat of identity theft and its impact on consumers and the broader economy, financial institutions are seeking reliable systems for address verification. Banks and credit unions are discovering that FIS Address Analysis is the answer.

Part of our Red Flag solution, Address Analysis offers an extensive, yet simple approach to detecting unusual or suspicious address changes. Address Analysis helps prevent identity fraud and account takeover through predictive analytics and unique data sets. FIS Address Analysis also helps ensure FACT Act compliance with Section 315 and 114 Regulations.

Benefits of address verification for banks and credit unions:

• Helps your financial institution identify account takeover fraud and new application fraud before it impacts your bottom-line.
• Measures the legitimacy of an address change and predict the likelihood that an identity theft incident is in process.
• Offers a comprehensive search by referencing more than 20 sources of demographic, governmental, suspect address, and proprietary databases.
  
• Helps you implement your FACT Act 114 and 315 strategy for change of address requests for card Issuers and verifying consumer identity upon notice of address discrepancy, an important component of FACT Act compliance.
• Reduces back-office investigative expense.
• Lowers mailing costs. Fewer letters can be sent and you receive notification if an address is undeliverable.
• Helps your institution protect customers and ultimately increase customer trust and loyalty.

We invite you to learn more about address verification for banks and credit unions! Find out how FIS Address Analysis can benefit your financial institution by watching a product demonstration, attending an upcoming web seminar or sign up for a free trial.

Contact us at 1-888-933-8637 (press 1 twice) or FISOneVoice@FNIS.com.