The account takeover protection tool that combats financial crime
FraudChex® ATO verifies customer address, phone number, IP and email changes to protect your institution and customers from this increasingly popular form of financial crime. It defends your institution against current and emerging fraud schemes and features an alert management system that centralizes fraud mitigation activities for streamlined investigation.
With this account takeover fraud solution, you’ll reduce the amount of time and money you could lose by falling prey to financial crime while ensuring that your customers won’t experience service interruptions when they do make legitimate changes to their information.
Chex Systems, Inc. (herein “ChexSystems”) is a consumer reporting agency and an indirect wholly owned subsidiary of FIS and the provider of FraudChex service, a non-FCRA service.
How ChexSystems safeguards you against account takeover fraud
Reduce losses due to fraudulent accounts
Identify suspicious behavior using predictive models and business rules that you define
Improve the efficiency of investigations
Increase investigator productivity with tools that let them focus on the riskiest items
Reduce the potential for customer friction
Perform additional validation steps upon detection of changes that represent unacceptable riskHow to build a golden source for lending data
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