New identity verification and fraud tools developed for mobile commerce.
ATLANTA, Oct. 19, 2016 – IDology, a leader in multi-layered identity verification and fraud prevention solutions for the customer-not-present environment, today announced enhancements to the IDology Mobile Identity Spectrum, an integrated solution suite designed to enable safer and frictionless mobile experiences. IDology will be previewing the enhanced Mobile Identity Spectrum at Money 20/20, October 23-26 in Las Vegas.
“As consumers embrace mobile more and more to manage, spend and borrow money, it is critical that payments and financial services organizations re-evaluate identity verification. The mobile environment adds many new challenges not only to customer acquisition, but also to protecting accounts from fraud. The Mobile Identity Spectrum addresses these challenges head on,” said John Dancu, CEO, IDology.
The IDology Mobile Identity Spectrum is designed to verify an identity at all stages of mobile interactions with little to no friction – from account opening to ongoing transactions. Solutions within the Spectrum include ExpectID Scan Onboard, ExpectID, ExpectID IQ and ExpectID Mobile, all of which leverage IDology’s fraud tools and the IDology Collaborative Fraud Network. With these collaboration tools integrated into our solutions, users are able to leverage, in real-time, the power of the network, which has been proven to significantly lower fraud rates.
New enhancements to IDololgy’s ID scanning solutions — Expect ID Scan Onboard and Expect ID Scan Verify, include incorporating a customer “selfie” into ID document review providing additional layers of verification. IDology’s industry-leading KBA solution – ExpectID IQ – will now give customers more opportunities to escalate suspicious identity credentials to KBA through new scorecard enhancements.
“We have done all of this with the mobile experience in mind to reduce friction as much as possible and to only escalate transactions when necessary. Mobile customers demand seamless user experiences, and it can mean the difference between gaining and losing a customer,” said Dancu.
New fraud tools have also been added to the Mobile Identity Spectrum suite such as new velocity monitors that leverage IDology’s access to real-time Mobile Network Operator data.
For more information about the IDology Mobile Identity Spectrum, ExpectID Scan, ExpectID IQ, or to schedule a demo, contact a representative today.
IDology provides real-time technology solutions that verify an individual’s identity and age for anyone conducting business in a consumer-not-present environment to help drive revenue, decrease costs, prevent fraud and meet compliance regulations. Founded in 2003, IDology offers a solution-driven approach to identity verification and fraud prevention that ultimately helps increase customer acquisition and improve customer experience. IDology has developed an innovative and on-demand technology platform that allows customers to control the entire proofing process and provides the flexibility to make configuration changes that are deployed automatically – without having to rely on internal IT resources or IDology’s customer service. Customers can more easily stay ahead of the fraud landscape while maintaining compliance. For more information, visit www.IDology.com or call 866-520-1234.