ENSURE THE RIGHT PERSON GETS ACCESS – IDENTITY PROOFING

We incorporate identity proofing into our mobile biometrics SaaS, GoVerifyID. Customers can elect to use our integrated identity authentication service from TransUnion to ensure the highest level of the users' real-world identity.

GoVerifyID Identity Proofing works like this:

1. GoVerifyID presents the user with a web portal for performing the identity proofing process. The user enters some personal information on a webpage and submits their user enrollment request. The information is submitted to the TransUnion IDManager to perform the initial identity analysis.
2. Next the TransUnion IDManager provides a set of multiple choice challenge questions based on financial and other historical records from various public and private data sources. GoVerifyID presents the questions on a webpage for the user's response. Depending on the answers, the user's identity is authenticated or not.
3. Once the user's identity has been proven, the user is allowed to register their biometrics with the GoVerifyID mobile app.

Source: ImageWare Systems

TransUnion's IDManager suite is made up of layers of interconnected fraud detection tools that provide a consistent and accurate identity risk assessment. In three steps, IDManager quickly approves good customers while accurately identifying suspect transactions:

1. Analysis of consumer risk
2. Examination digital transaction attributes
3. Seamless authentication of customer (when necessary)

All three steps are deployed dynamically, based on the transaction, and return a single risk indicator.

Source: ImageWare Systems

Identity Verification assesses the risk associated with a consumer, confirming an applicant's identity by comparing consumer-provided details against multiple sources of data. In addition, consumer identities are analyzed using highly predictive algorithms and cross-industry data to identify signs of risk such as:

• Unusual patterns of identity usage
• Suspect links to other identities
• Patterns suggesting fabricated or manipulated identities

Digital Verification assesses the risk of the transaction from the moment a customer begins to interact with a webpage. By examining the device being used, how it's being used, and an individual's online identity, this data coupled with the results of Identity Verification provides deeper insights into risk. TransUnion Digital Verification is designed to give an even more comprehensive view of consumer risk by combining behavioral and identity elements from the moment of first interaction.

Identity Authentication allows organizations to use one of two user authentication modes based on the risk of the transaction. TransUnion Identity Authentication is driven and deployed by decisioning logic combined with the risk score from both identity and digital verification. It is designed to lower consumer frustration that comes from inflexible out-of-wallet exams, while still providing an appropriate fraud defense.