Business InstantID®

Verify the business and its authorized agent…without awkward pauses

You have a customer who’s ready to open a business account or secure a loan. Business InstantID® speeds the process, reduces customer friction and minimizes your risk. We’ve combined instant verification with critical intelligence that sheds light into the business and its reps. Quickly see linkages between the business and authorized agent — and be alerted to “red flags” that warrant further inquiry.

Benefits
  • Verify the identity of a business, the person(s) associated with the business and find any connections
  • Gain an accurate perspective on potential customers
  • Increase approval rates and safely grow your business
  • Accelerate manual reviews and exceptions processing, with lower cost and more simplicity
  • Reduce documentation requirements from customers
  • Standardize decisioning processes
  • Build consistency between front- and back-end account workflow
Features
  • Leverages more than 13,000 proprietary and public data sources to link people and business entities
  • Covers 25% more businesses than any other provider — including more small/new businesses
  • Built-in intelligence detects mis-keyed/incomplete information and corrects it on the spot, reducing false positives
  • Business Verification Index (BVI) ranks risk propensity (0-50); completes watchlist checking; and flags other potential risk indicators (i.e., prison address, FEIN associated with another company, and more)
  • Authorized Representative Verification Index ranks risk propensity (0-50); completes watchlist checking; and flags other risk indicators (i.e., SSN of deceased person, invalid phone number, etc.)
  • Presents relationships between the business and its authorized representatives
  • Compares input data against verified data and presents any supplemental data that was found

Get it now: For more information about Business InstantID, call 800.869.0751.

More Information

Literature

  1. Business InstantID® :
    Quickly verify the identity of the business and authorized representative, and the connection between the two

Get it now: For more information about Business InstantID, call 800.869.0751.

Contact Us

For more information about our solutions call 800.869.0751 or contact us online

The Business InstantID services are not provided “consumer reporting agencies,” as that term is defined in the Fair Credit Reporting Act (15 U.S.C. § 1681, et seq.) (“FCRA”) and do not constitute “consumer reports,” as that term is defined in the FCRA. Accordingly, the Business InstantID service may not be used in whole or in part as a factor in determining eligibility for credit, insurance, employment or another purpose in connection with which a consumer report may be used under the FCRA. Due to the nature of the origin of public record information, the public records and commercially available data sources used in reports may contain errors. Source data is sometimes reported or entered inaccurately, processed poorly or incorrectly, and is generally not free from defect. This product or service aggregates and reports data, as provided by the public records and commercially available data sources, and is not the source of the data, nor is it a comprehensive compilation of the data. Before relying on any data, it should be independently verified. InstantID is a registered trademark of LexisNexis Risk Solutions FL Inc. Other products and services may be trademarks or registered trademarks of their respective companies.

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