Address Fraud with Address Analysis

Studies show that nearly 80 percent of identity fraud involves a change of address and 25 percent of new account applications involve a new address. This means that many instances of account fraud are easily identifiable and preventable – provided you have the right technology.

FIS™ Address Analysis can help your institution efficiently and cost-effectively identify changes of address that may be indicative of fraud – whether on a new account application or on an existing account.

Compliance
Address Analysis offers an efficient compliance solution for Sections 114 and 315 of the Fair and Accurate Credit Transactions (FACT) Act.

Efficiency
The FIS Address Analysis score allows you to set thresholds for investigation and also prioritize your reviews, which can help achieve cost savings of up to 80 percent more than traditional methods.

Know Your Customer (KYC)
Address Analysis combines compliance, fraud prevention and identity verification with other FIS KYC solutions to address your specific business needs.

Increased Revenues
With Address Analysis, you can open new accounts more efficiently, with less risk and fewer requests for additional documentation, thus avoiding a common “breakage” point in the new account opening process.