ComplyID™

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Creditors across a wide range of industries are struggling with strategies to meet the Red Flag regulations of the FACT Act. The potential impact to workloads is significant. The act applies to any creditor that offers or manages accounts involving multiple payments for personal, family or household purposes. CSC estimates that more than 30 percent of all applications will generate red flags across multiple lines of business.

CSC's ComplyID™ Red Flag and ID Validation Services, a set of Web-based software products and services, provide an end-to-end approach to managing FACT Act compliance, regardless of the type of credit you’re providing. ComplyID automatically detects more than 200 credit report red flags as well as other alerts related to ID discrepancies.

Upon detection, ComplyID automatically verifies, validates and resolves discrepancies through multiple data sources. When needed, a real-time interactive question-and-answer authentication option is also available. ComplyID scores the results consistently with your credit rules and risk policies. This approach helps your staff quickly resolve ID issues and removes processing bottlenecks.

Integrate With Your Identity Theft Prevention Program

ComplyID offers more than just handling of red flags. It equips your staff with a powerful toolkit to quickly analyze and resolve processing delays. ComplyID incorporates and helps to enforce your ID theft prevention program and risk policies, ensuring a standardized approach to ID validation across multiple lines of business. 

ComplyID supports a full range of accounts:

• Mortgages and equity loans
• Check and deposit accounts
• Credit and debit cards
• Utility, cell phone, commercial
• Automotive
• Medical, hospital, clinic and more

Ensure Detailed Tracking and Reporting

ComplyID gives you advanced tracking and reporting capabilities to facilitate your compliance with FACT Act regulations. Detailed reports on issues and resolutions will help you identify trends and fine-tune your program to meet your organization’s specific needs.