Data & Decisioning 
ID Verification
In the busy, changing and complex environment in which many financial service professionals find themselves working in today, it is essential that technology provide the information needed to make educated decisions. ID Verification delivers a dedicated set of identity verification and compliance tools that offer access to the comprehensive data you require, in an easy-to-use manner, at a price that any organization can afford. Using ID Verification, your institution can comply with the USA PATRIOT Act & OFAC regulations, protect against identity fraud, increase operational efficiencies and keep service levels high.
Verify Identity
ID Verification is comprehensive, easy-to-use and cost-effective solution to verify the identity of individuals and businesses. By cross-referencing more than 23 billion records, ID Verification assesses, within seconds, whether the presented identity information is consistent throughout multiple, independent data sources. The solution then delivers an instant "pass" or "fail" response, provides alternative reporting information and offers direction to resolve any discrepancies. ID Verification empowers your institution with the knowledge required to help make proactive decisions that can positively impact the bottom-line. Click here to take a FREE Identity Verification Test.
Store Data in an Easily Searchable Format
It's not enough to just verify identity of prospective customers. You also need to store the transactional data for future analysis and examiner review. ID Verification tracks, manages and archives all transactional data in a manner that can be referenced by any criteria at any point in time.
Government Watch Lists Screens
With the heightened scrutiny surrounding terrorism and money laundering, you need the assurance that you are not doing business with someone on a government watch list. ID Verification checks your customer database against government lists, provides an instant "pass" or "fail" response and offers proven options to resolve any "hits" and "override" false positives. The automated attendant feature performs nightly screens of your customer list against OFAC updates and sends a notification when a "hit" occurs so you can investigate. However, ID Verification can help you with more than just the OFAC list. We can customize the tool to screen against any government list or customer specific list.
Make the most of your technology investment . It’s just a single keystroke to integrate with the other ChexSystemsSM applications as well as all major credit bureau reports and government reports like the SAR and CTR forms.
IDVerfication Overview