Identity Chek® Service leverages current, accurate and detailed data contributed directly from hundreds of financial institutions (FIs) to improve account opening decisions, mitigate fraud losses, reduce operational costs and help institutions remain compliant. Whether FIs are serving new customers or existing ones, in the branch or through digital channels, Identity Chek Service is rapidly becoming the account opening solution of choice.
Importance of Quality Data – The National Shared Database℠ Resource contains the most current, accurate and detailed DDA and credit data in the industry, contributed by hundreds of FIs to facilitate a more trusted exchange.
Early Warning’s Account Locator (ALOC) and Asset Search and Verification (ASVSM) services were created to help locate accounts, verify consumer assets and determine deposit account status. ALOC can be utilized to efficiently find where consumers have established bank account relationships. Once the appropriate financial service organization (FSO) has been identified, ASV can help in identifying relevant assets.Early Warning’s Asset Search and Verification Service was developed specifically to ease the burden placed on FSOs while helping to fight fraud in government payment programs.