Facts about IDFraudScan:
• Best Data Available
IDFraudScan is one of the few services available that legitimate
and contractual access to the Social Security Administration, the US Government
Agency that issues Social Security Numbers.
• Anytime, Anywhere Access
IDFraudScan automated engine allows users to access the web-based
application 24 hours a day from anywhere in the world.
Patriot Act Compliance and Terrorist Filters
To assure compliance with sections 326 and 314(a) of the US Patriot Act, IDFraudScan
compares all data entered against worldwide terrorist watch lists. Some of them
are: OFAC, Interpol, FBI, and Financial Crimes Enforcement Network Special Alert
List. (Click here to see a full list)
• Scalable Solution
A la Carte information to fit several needs:
• Basic Stage (Instant Results)
• Date and Place SSN was Issued
• SSN validation – Checks if SSN is valid/invalid with data from SSA
• Death Master File –if the SSN belong to a deceased individual
• OFAC – US Patriot Act compliant – detects if you are dealing with possible criminals
or terrorists
• Advanced Stage (Instant Results)
• Includes Basic Stage, plus…..
• Public Records & Harvested Data – Other names, addresses and dates of birth
reported
• Previous Employment Information
• Complete Stage (Results in 1-2 business days)
• Includes Basic & Advanced Stages, plus….
• SSN Verification – match Complete Name, SSN & Date of Birth against SSA records.
• Release form required (SSA Authorization)
Integration Friendly
Solution integration is available accomplished via XML data transfer
over SSL secure Internet connections.
ITIN Direct ® (ITIN Verification)
In consideration of the high demand for credit from foreign nationals and immigrants,
many lending institutions have developed programs where an ITIN number is accepted
in replace of a Social Security Number as personal identification. Regardless it
is an SSN or an ITIN, identity fraud remains a problem according to the FBI, Financial
Crimes Division and FinCEN.
ITIN Direct is a cost effective and accreted solution to prevent identity fraud
on files where a ITIN is used.
Facts about ITIN Direct:
• Tap in to New Markets Safely
Be enabled to do transactions with immigrants with out the risk of fraud.
• Accurate Information
ITIN Direct is the ITIN verification system that accesses the Internal Revenue Service
to provide a “Match” or “No Match” response.
• Patriot Act Compliance and Terrorist Filters
To assure compliance with sections 326 and 314(a) of the US Patriot Act, ITIN Direct
compares all data entered against worldwide terrorist watch lists. Some of them
are: OFAC, Interpol, FBI, and Financial Crimes Enforcement Network Special Alert
List. (Click here to see a full list)
Facts about Identity Theft:
• In 2005, 9.9 million cases of Identity Theft where reported to the FTC
• According to the FBI, Financial Crimes Division, over $60 Billion are lost every
year due in part to Identity Theft.
• It is the #1 FRAUD scheme perpetrated by fraudsters in mortgage transactions.
• In 80% of fraud cases Identity theft is found.
What has the Government been able to do about Identity Theft?
• In fiscal year 2005, the Justice Department charged 226 defendants with aggravated
identity theft.
• In fiscal year 2006 (through the end of July 2006), the Justice Department charged
432 defendants with aggravated identity theft.
• The FBI reports that it has 1,587 pending identity theft-related cases. It opened
662 identity theft-related cases in 2005, and has opened 272 identity theft-related
cases to date in 2006.
• The USPIS reports that it opened 1,530 identity theft-related cases and made 2,277
arrests in Fiscal Year 2005, and opened 1,012 identity theft-related cases and made
1,294 arrests in Fiscal Year 2006 (through June 30, 2006).
• The SSA OIG Office of Investigations reports that it opened 1,566 cases involving
SSN misuse in Fiscal Year 2005, and 812 cases involving SSN misuse in the first
half of Fiscal Year 2006.
How can you protect your business and customers from identity theft?
• Verify ALL applicants/ borrowers Social Security Number (SSN) with IDFraudScan,
before opening an account or doing business with them.
• If you do business on the Internet, have a strong internet security policy. Hire
a third party vendor to perform online security audits to safe from Hackers – Learn
More (link to www.xentinelsecurity.com
• Develop an operational manual for your employees and contractors in “How to Safeguard
Customers Information”.
• Control access to places where you store physical information about your customers.
• Destroy all customers’ information prior to disposal.
Contact
Contact us today and we will elaborate a proposal tailored exclusively for your
needs at sales@verificationbureau.com,
you may also call us at 877-477-4506 Ext 501
|