Precise ID℠ with Knowledge IQ (KIQ)℠
With incidences of fraud and identity theft rising at alarming rates, it is vitally important for dealers and financial institutions to adapt and protect themselves against these crimes. Nowcom has partnered with Experian to offer Precise ID with KIQ through DealerCenter. Precise ID is Experian’s next generation fraud management platform
that integrates Experian’s breadth of data, products, advanced analytics and decisioning technology. Precise ID reports give you access to multiple data sources, allowing you to verify the identity of your potential customers at the time of purchase.
Precise ID allows you too:
- Maintain compliance with the Federal Red Flags Rule requirements
- Minimize losses by identifying potential fraud risk at the point of application
- Reference potential customers against multiple databases, including:
- Cross-industry credit application data
- Fraud Shield consumer credit data
- Automotive and property ownership data
Red Flag Tool Kit is a CD-ROM guides, training manuals and forms which assist in the development and management of an identity Theft Prevention Program