EVS 2015 Solution Overview
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Electronic Verification Systems (EVS) offers comprehensive identity verification solutions aimed at combating identity fraud while being cost-effective and easy to integrate for businesses of all sizes. Their services, such as Identifraud consumer, corporate, and international, provide various features to help businesses monitor transactions and ensure compliance with regulations. EVS emphasizes value, simplicity, and flexibility in its offerings, aiming to restore consumer confidence and reduce the financial impact of identity theft.
EVS 2015 Solution Overview
- 1. Value. Simplicity. Flexibility. - EVS Solutions Overview 1 electronicverificationsystems.com Value. Simplicity. Flexibility. EVS Solutions Overview ELECTRONIC VERIFICATION SYSTEMS ELECTRONIC VERIFICATION SYSTEMS
- 2. Value. Simplicity. Flexibility. - EVS Solutions Overview 2 electronicverificationsystems.com About EVS EVS believes that fraud prevention solutions should be cost effective and easy enough to empower business of all sizes to protect themselves and their customers from identity fraud. With an intuitive platform, simple integration options, and easy-to-understand pricing structure, EVS delivers on the promise of making comprehensive fraud prevention available to all businesses. For over 15 years, EVS and their family of identity assurance products have been helping businesses combat identity theft, reduce costs, and satisfy governmental regulation. Electronic Verification Systems (EVS) offers a unique approach to ID verification and authentication solutions that integrate with your existing processes so you can continue to focus on your business.
- 3. Value. Simplicity. Flexibility. - EVS Solutions Overview 3 electronicverificationsystems.com Contents The Problem and The Solution Platform and Pricing Why EVS IdentiFraud Consumer IdentiFraud DL Watch List Screening IdentiFraud International IdentiFraud Corporate Implementation Strategies 04 06 08 12 13 14 15 For more information about any of our products, please visit us at www.electronicverificationsystems.com. Electronic Verification Systems 2500 Technology Drive Louisville, KY 40299 Phone Number 866.491.5665 Email Address contact@electronicverificationsystems.com Contact Information 10 11
- 4. Value. Simplicity. Flexibility. - EVS Solutions Overview 4 electronicverificationsystems.com The Problem For much of the past decade, identity theft has been topping the Federal Trade Commission’s (FTC) list of consumer complaints. The FTC now estimates that as many as 9 million Americans have their identities stolen each year.1 The criminal impact of identity theft and the resulting instances of identity fraud are not limited to U.S. borders, either. The trend has spawned a global identity theft marketplace where consumer credit card information, Social Security numbers, and other personal data are sold in large numbers, creating an environment that engenders identity fraud. Identity fraud has a devastating effect on individual consumers and can also be severely damaging to businesses. When a business perpetuates fraud by accepting a stolen credit card or other stolen information, most banks not only require the business to reimburse them for the value of the fraudulent transactions, but they may also require them to pay processing fees for performing the chargeback. Companies that inadvertently accept stolen credit cards, therefore, suffer losses for their errors three times over: once for the actual goods or services lost, again to repay the banks for the fraudulent transactions, and a third time to pay all fees associated with restoring the funds to the victims’accounts. In addition to the direct financial hit, businesses are also affected by identity fraud in ways that may not be so apparent. The surge in identity theft has caused many consumers to lose faith in online transactions and, therefore, limit their use of what should be a convenient and beneficial service. This reduced activity results in an immeasurable amount of lost profits for businesses. 1 See the FTC’s published article “What Is Identity Theft?”published at http://www.ftc.gov/. Identity fraud is one of the fastest-growing crimes in the United States.
- 5. Value. Simplicity. Flexibility. - EVS Solutions Overview 5 electronicverificationsystems.com The Solution With identity verification and authentication solutions from EVS, businesses can determine whether the people they are talking to or selling goods and services to are who they say they are. EVS offers a variety of solutions, each packed with specific products designed to expose fraudulent information, prevent the processing of fraudulent transactions, and significantly reduce the risk of potential losses. Each of the solutions offered by EVS focuses on a specific area of commercial operations. IdentiFraud Consumer allows businesses to monitor their customers and ensure that all transactions are performed honestly and appropriately. IdentiFraud Corporate gives businesses the ability to examine their commercial relationships with higher scrutiny, preventing fraud on a business-to-business level while strengthening partnerships and supply chains. IdentiFraud International extends an organization’s ability to monitor its customers beyond the confines of U.S. borders. EVS even offers businesses an opportunity to lower their chances of working with high-risk individuals by utilizing a crosscheck, which compares an individual’s personal information against several government-sponsored watch lists. EVS services simultaneously deliver tighter security measures and required compliance efforts in accordance with many federally sponsored programs. By identifying and authenticating consumer and commercial identities, businesses can avoid the costly pit of lost revenue created by fraud, while also encouraging increased consumer confidence in online transactions. In this regard, EVS is the perfect solution for monitoring your business relationships and protecting your organization. Identity fraud can be prevented through identity verification.
- 6. Value. Simplicity. Flexibility. - EVS Solutions Overview 6 electronicverificationsystems.com Platform EVS offers its verification and authentication services through a robust end-user management platform that allows you full administrative control. We can even help you develop customized user accounts for your employees to administer the system with ease. • Create Thresholds and Limits on a Per User Basis • Limit Access by Location (IP Address) • View Activity by Company and/or User, Including Volume/Transactional Activity • Create Daily, Weekly, Monthly, and Yearly Reports • Get Full Technical Support with Online Trouble Ticket System • Easily Manage Batch Transactions • Mobile Payment Support For more information on the platform, contact us at 866.491.5665 or via email at contact@electronicverificationsystems.com.
- 7. Value. Simplicity. Flexibility. - EVS Solutions Overview 7 electronicverificationsystems.com Pricing Each of our IdentiFraud packages includes an array of verification and authentication services for one low price. There is no monthly minimum required, and we even offer a 30-day opt-out at no cost or obligation. • No Setup Fee • Tiered Volume Pricing • No Monthly Transaction Minimums • Minimal per month system access fee • Lowest Transaction Fees in the Industry
- 8. Value. Simplicity. Flexibility. - EVS Solutions Overview 8 electronicverificationsystems.com What Makes EVS the Smart Choice for Identity Verification? Simplicity An intuitive user interface and wasy integration through our Web Service API provides access to all EVS solutions. Flexibility Customizable products allow for solutions as unique as your individual fraud prevention needs. Value EVS combines many services into one complete solution at price points competitive to a single service elsewhere. Even though identity verification and government compliance are complex processes, EVS has been keeping them simple for clients for over fifteen years. Here’s how: ELECTRONIC VERIFICATION SYSTEMS
- 9. Value. Simplicity. Flexibility. - EVS Solutions Overview 9 electronicverificationsystems.com The IdentiFlo platform provides an intuitive user interface for our clients that don’t choose to integrate, and our API makes working with our solutions equally simple for those that do. HowWe Keep it Simple: • Intuitive user interface within the identiflo platform • Access multiple products through a single transaction • Contract and pricing terms with no suprises Simplicity It Doesn’t Have to be Complicated Our focus on long-term client relationships allows us to provide these lower costs without sacrificing product quality, maintaining our high standards for data precision, security, and customer experience. How We Keep Costs Low: • A far lower price point than competitors • Established relationships with data providers • Volume discounts Value The Most forYour Dollar with Every Solution We realize that businesses don’t have time to change their operations around a platform, so we’ve built IdentiFlo to adapt to our client’s operational requirements. The Benefits of Solution & Product Customization: • User interface customization options • XML delivery options • Data source customization Flexibility Customization & Personal Service Is Part of Our Company Culture Additional Features We take pride in providing the personal service and support necessary for our clients to get the most out of each product. EVS clients always get the answers they need to keep their businesses running safely. Client Services and Support Features: • U.S.-based support center • Product deployment support • Live phone support • Product use consultation • Intergration consultation Client Service & Support Managing and delivering personal data is a heavy responsibility that we take very seriously. That’s why we have intentionally developed products that ensure the protection and security of customer data. Data Security and Management Features: • Only specified customer data is accessed • Our systems & data centers are secure and audited • We only use established, proven, & reliable data sources Data Security & Management
- 10. Value. Simplicity. Flexibility. - EVS Solutions Overview 10 electronicverificationsystems.com IdentiFraud Consumer IdentiFraud Consumer is our most popular solution for domestic identity verification. Designed with the end-user in mind, IdentiFraud delivers a wide array of reliable consumer data based on a single lookup. While most of our competitors’solutions require users to purchase individual products, which may each demand separate lookups, our IdentiFraud Consumer solution combines all of these features into one easy-to-use process—and all for one smart price. Included within our IdentiFraud Solution are the following reliable features: • ID Verification • SSN Verification • Authentication Question Generator • Residence Verification and History • Driver’s License Verification • High-Risk Alert • Age Verification • Consumer Data-Match Profiling • Phone Verification • Watch List Screening • Residential Address Standardization 1 In addition to the features listed for our IdentiFraud package, IdentiFraud+ also provides these advanced features: • Individual Fraud Scoring • Advanced Residence Verification and History IdentiFraud +
- 11. Value. Simplicity. Flexibility. - EVS Solutions Overview 11 electronicverificationsystems.com IdentiFraud DL Driver License Verification quickly and easily confirms an individual’s driver license information. Our system matches key data points to state driver license files, such as street address, name, and phone number. IdentiFraud DL also provides integrated Knowledge-Based Authentication, also known as out-of-wallet questions, with no additional costs. EVS provides validation of the driver license format for all states. However, coverage of verification matching to name and address varies by state as shown in the table below. IdentiFraud DL Coverage by State 2
- 12. Value. Simplicity. Flexibility. - EVS Solutions Overview 12 electronicverificationsystems.com Watch List Screening Watch list screening is an important component of compliance across multiple industries. EVS Watch List solutions provide screening again OFAC, PEP, EU Sanctions, UK Sanctions, LDP, and EPLS lists to help your business monitor your professional relationships and ensure compliance with federal law. The IdentiFlo platform provides multiple options for implementing Watch List screening for your business. Watch List screening can be performed as an integrated component of our IndentiFraud Consumer, IdentiFraud SSN, IdentiFraud DL solutions or can be implemented separate from other EVS products. EVS also provides the ability for clients to upload their own Custom Watch Lists to the IdentiFlo platform. FinCEN Watch List Comparison EVS can also help financial institutions meet their FinCEN compliance requirements. Through a single lookup, you can compare your client data to the FinCEN list and receive notification for any direct matches. Our products can also provide an audit trail to verify your organization’s due diligence should your compliance process ever come into question. Watch List screening can be performed as a seperate transaction, as batch transactions, or as an integrated component of our IdentiFraud Consumer, IdentiFraud SSN, or IdentiFraud DL solutions. Stand- alone or integrated? 3
- 13. Value. Simplicity. Flexibility. - EVS Solutions Overview 13 electronicverificationsystems.com IdentiFraud International IdentiFraud International provides ID verification for businesses that maintain international consumer relationships. This solution provides consumer data verification and identity document validation and/or verificaiton both for U.S.-based organizations conducting business with international customers, as well as international organizations focused on an international market. With IdentiFraud International, businesses can ensure the reliability of their global relationships. 4 IdentiFraud International Coverage by Country
- 14. Value. Simplicity. Flexibility. - EVS Solutions Overview 14 electronicverificationsystems.com IdentiFraud Corporate IdentiFraud Corporate is the perfect identity verification solution for organizations interested in assuring their business-to-business interactions. Whereas IdentiFraud Consumer focuses on verification of consumer data, IdentiFraud Corporate allows our clients to identify everything from high-risk corporate addresses to mixed-use properties, all with a single lookup. With IdentiFraud Corporate empowering businesses to verify the reliability of their partners, this solution can help ensure the integrity of your entire supply chain, from raw materials to retailers. Included within our IdentiFraud Corporate solution are the following features: • Corporate ID Verification • Corporate High-Risk Alert • Corporate OFAC Watch List Screening • Mixed Use Property Verification • Building Type Verification • Corporate Address Standardization “IdentiFraud Corporate allows our clients to identify everything from high-risk coporate addresses to mixed-use properties, all with a single lookup. “ 5
- 15. Value. Simplicity. Flexibility. - EVS Solutions Overview 15 electronicverificationsystems.com Implementation Strategies EVS clients can include the appropriate EVS solution code into their already active security systems to create customized usability. Our clients select the specific products within our solution that they want to feature as part of their security measures. Then, EVS will work with the client to customize the process and deliver the returned information in a format that is tailored to their needs. Through our end-user IdentiFlo Management Platform, clients no longer have to rely on the expertise of a computer programmer to administer their verification and authentication services. Our approach makes managing EVS services extremely easy. Based on your preferences, you can choose to: • Integrate the XML feed directly into your product by incorporating the solution data within your larger system. • Present the returned data via a standard EVS IdentiFlo Management Platform that speaks to the overall integrity of your product’s security “With two ways to access EVS solutions, wemakeimplementing identity verification simple for our clients.“
- 16. Value. Simplicity. Flexibility. - EVS Solutions Overview 16 electronicverificationsystems.com ELECTRONIC VERIFICATION SYSTEMS electronicverificationsystems.com contact@electronicverificationsystems.com 866.491.5665