The balance between best experience and least fraud is tough to find. Too much risk means chargebacks that can hurt your bottomline. Too much security means fewer customers and more unhappy customers. What's the balance? Knowing who's on the other end of the transaction is the best start.
IdentityMind lets you see who's on the other end of the transaction so you can identify the good guys you want to do business with and the bad guys that you want to avoid. And, using digital identities powered by eDNA™ technology, you can get a more accurate picture of risk to enable better customer selection and fewer rejections of good customers. eDNA leverages machine learning to not only build identities but to also analyze them for the most accurate reputation score (risk profile) possible. Our algorithms provide reputations for each entity tailored for the industry in which you do business. And, we enable you to modify your risk process on the fly, adding in additional checks where merited.
Protect against fraud, identity theft, fraud rings, phishing, account takeovers, and more, setting the best balance between risk and user experience.
Reduce and maintain a low chargeback rate by setting your risk thresholds to match your business needs.
Automated transaction processing reduces the number of escalations while lowering your risk processing cost.
Prevent fraud associated with online payment transactions through eDNA™ across any payment type from credit cards, ACH, digital wallets, bank accounts, wires, etc.
IdentityMind's eDNA(TM) builds and analyzes digital identities so you can see who's on the other end of the transaction and decide what to do in real time.
Our eDNA correlates the attributes (50+) within an identity, taking into account changes over time. And it also discovers relationships with other identities.
IdentityLink Analysis also provides a reputation score that reflects the latest information about an entity and gives you a basis for trust decisions.
The IdentityMind platform includes a rules engine so you can set transaction acceptance and rejection thresholds. Determine when you want to send a transaction to be reviewed by your analysts.
IdentityMind allows you to verify user provided data to determine it validity. We integrate with a wide variety of third parties to verify name, address, phone number, TIN, SSN, IP address, email, documents and more.
Our identity network let's you see who's on the other end of the transaction, even if you haven't seen them before, if they've transacted with another IdentityMind customer. Encryption ensures that privacy across all the identities on our network.
Identity is critical to reducing risk and ensuring compliance in today’s digital financial services. Trusted digital identities help you Identify who is on the other end of the transaction and help you decide whether you should do business with them.
Our "8 Effective Anti-Fraud Strategies" guide represents some of the most effective anti-fraud strategies compiled from conversations with the IdentityMind team and our customers.
A computer can work around the clock with a level of accuracy that does not vary as it does across a team, reducing the potential for fraud. Greater volume also means data that can’t be captured effectively in high volume manual processes, and a greater chance of being out of compliance.
In many countries there are no regulations to abide by, or the regulations aren’t clear. However, in many cases, these companies are reaching out to local authorities and pushing agendas to help develop regulatory frameworks with the hope that it will give legitimacy to their industries.