MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

LexisNexis® Announces FraudPoint® Solutions to Reduce Identity Theft and Fraud with Advanced Scoring and Analytics - FraudPoint solutions help financial organizations prevent fraud, reduce false positives and increase operational efficiencies - LexisNexis.com
LexisNexis® Announces FraudPoint® Solutions to Reduce Identity Theft and Fraud with Advanced Scoring and Analytics

 

NewswireToday - /newswire/ - Atlanta, GA, United States, 2012/05/07 - FraudPoint solutions help financial organizations prevent fraud, reduce false positives and increase operational efficiencies - LexisNexis.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Fraud / Identity Theft / Piracy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

Share your Adsense publishers stories on Google tactics and your revenues drop

 

LexisNexis® Risk Solutions today announced the availability of FraudPoint® solutions to help lenders and financial service firms prevent fraud by analyzing and predicting behavioral patterns of fraudsters and other suspicious identities. Organizations using FraudPoint will benefit by being able to approve more applications for services while limiting exposure to fraud using advanced scoring methodologies and the industry's largest compilation of identity information.

FraudPoint lets lenders set aggressive goals for marketing services to their clients while limiting exposure to fraud to approximately 5 to 10 percent of applications, generating fewer false positives. In a highly-regulated financial services industry where mistakes can cost customers millions of dollars, FraudPoint solutions enable lenders to analyze the applications from those who pose the greatest fraud risk. As a result, this reduces unnecessary delays in approvals for legitimate customers and allows investigators to focus their efforts on applications that are most problematic without disrupting the customer or delaying the on-boarding process.

FraudPoint Score consists of three new and unique capabilities: three-digit 300-999 Fraud Score, superior fraud segmentation via Fraud Type Indices, and specific Fraud Warning Codes. They allow institutions and fraud investigators to more accurately detect and investigate fraud. In sample validations, FraudPoint Score has been found to identify up to 75 percent of fraudulent applications in less than six percent of a financial institution's new account originations.

"In the financial world, balancing the threats of identity fraud with the pressure of providing superior support for legitimate customers has always been a significant challenge for lenders," said Jim Christiansen, vice president scoring, LexisNexis. "With our FraudPoint solutions, lenders can significantly increase their competitive advantage without negatively impacting their customer's experience."

FraudPoint solutions, which consist of LexisNexis FraudPoint® Score and FraudPoint® Attributes, use advanced LexisNexis linking technology called LexID(SM) to collect information from 400 million identities and over 150 million businesses records in milliseconds. FraudPoint solutions are available as an effective, calculated fraud risk score or as attributes for modeling within internal scoring or rules engines.

About LexisNexis Risk Solutions
LexisNexis Risk Solutions (lexisnexis.com/risk/) is a leader in providing essential information that helps customers across all industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced scoring analytics, we provide products and services that address evolving client needs in the risk sector while upholding the highest standards of security and privacy. LexisNexis Risk Solutions is part of Reed Elsevier, a leading publisher and information provider that serves customers in more than 100 countries with more than 30,000 employees worldwide.

Our financial services solutions assist organizations with preventing financial crime, achieving regulatory compliance, mitigating business risk, improving operational efficiencies and enhancing profitability.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Fraud / Identity Theft / Piracy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

Share your Adsense publishers stories on Google tactics and your revenues drop

 

Written by / Agency / Source: LexisNexis (a division of Reed Elsevier Inc.)

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Fraud / Identity Theft / Piracy articles,
CATCH Visitors via Your Competitors Announcements!


LexisNexis® Announces FraudPoint® Solutions to Reduce Identity Theft and Fraud with Advanced Scoring and Analytics

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Stephen Loudermilk - LexisNexis.com 
678-694-2353 stephen.loudermilk[.]lexisnexis.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LexisNexis (a division of Reed Elsevier Inc.) securities in any jurisdiction including any other companies listed or named in this release.

Fraud / Identity Theft / Piracy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From LexisNexis (a division of Reed Elsevier Inc.) / Company Profile


Read Fraud / Identity Theft / Piracy Most Recent Related Newswires:

NAGRA NexGuard Forensic Watermarking Leverages AWS to Secure Pre-release and Early-release Content
Bitdefender Integrates MSP Security Suite with Datto RMM
Cybereason Announces its Newest Customer G-Star Raw
Bitdefender Finds New Attack Mechanism that Lets Cybercriminals Steal Private Data from Machines Using Intel Processors
Cybereason Briefs Several U.S. House and Senate Committees on the Massive State-Sponsored Espionage Campaign Against Critical Infrastructure Telcos
Bitdefender 2020 Consumer Line Shields Users from Privacy Invasion While Halting Online Threats
Bitdefender Delivers Proactive Attack Surface Reduction with Advanced Endpoint Risk Analytics
Bitdefender, Europol, Romanian and French Police, FBI Team Up for Fourth GandCrab Decryptor
IDology Named ‘Company of the Year’ in KNOW Identity Awards
RSA Canada Selects BAE Systems to Provide Latest NetReveal Counter Fraud Technology to Combat Insurance Fraud
Oracle Exposes 'DrainerBot' Mobile Ad Fraud Operation
Zurich UK Expands Partnership with BAE Systems to Improve Fraud Detection and Optimise its Claims Process
NexGuard Partners with Ericsson to Launch Network ID Watermarking
Trustwave Unveils New Transaction Laundering Detection Service
More Than 1 Million Google Accounts Breached by Gooligan, New Android Malware Variant

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)