EFD ID Authentication

As criminals become more sophisticated, financial institutions need a practical approach to verify the identity of account applicants and authenticate existing customers. Institutions need the ability to easily validate, verify and authenticate an applicant’s personal data without increasing customer acquisition costs or disrupting the customer experience.

EFD ID Authentication can quickly authenticate identity prior to opening an account or issuing authorization. Using multiple non-credit data sources, ID Authentication generates a real-time, multiple-choice questionnaire using personal background information that only the applicant would know—not just financial data that may be obtained from a stolen credit report. EFD ID Authentication can help determine if applicants are who they claim, and is easily integrated into online applications or other environments in which it is even more critical to validate the identity of a potential or existing account-holder.