Experian, a global information solutions company, has announced the launch of Commercial Fraud Insight, a fraud and authentication solution that helps companies prevent business-to-business fraud. The new commercial solution analyzes application information on a business and its business principal or guarantor, allowing clients to screen multiple data sources for potential fraud indicators--all from a single inquiry.
With online management reports, Commercial Fraud Insight enables clients to verify that their risk analysts are treating suspect accounts properly. The solution is designed to help clients to ensure policy compliance across the organization and recognize fraud trends that are most prevalent across the client's industry. Commercial Fraud Insight draws on multiple Experian databases, including the National Business Database of more than 16 million U.S. businesses and Experian's File One database of more than 215 million consumers. The solution delivers alerts and detailed information from multiple sources in one report, which can be accessed via a Web application, CPU to CPU, automated batch, or offline batch processing.
Experian's Commercial Fraud Insight simultaneously looks at all the application data--business and individual--validates it for accuracy and verifies it for truthfulness against the following criteria: Business information, including names, addresses, and phone numbers; Consumer data such as name, address, Social Security number and date of birth; Address data, including address standardization, residential versus business, USPS deliverable addresses and change of address; High-risk address and phone data; Business Tax ID data; Social Security Administration information; Driver's license data; and the client's own previous historical application data.