News

Infonox intros identity-verification, validation product

September 21, 2005

SAN JOSE, Calif. -Infonox, aturnkey delivery-channel solutions provider has introduced IDNox, an identity verification and validation solution, according to a news release.

IDNox verifies critical customer information, including address, Social Security number, driver's license and OFAC validation at the ATM or other customer touchpoint. Patriot-Act compliant, the solution actively validates customer data as it changes over time.

It has been used for enrolling new customers in unbanked and check cashing applications, human resource-related employee identification checks and other applications involving credit and loan issuance.

The solution is platform-independent and uses application program interfaces that enable users to integrate the solution through XML or HTML. It also communicates over TCP/IP or as a stand-alone application.

"IDNox was created to improve data collection and protect our clients from fraud-related losses," said Safwan Shah, Infonox's chief executive and president. "Instead of using several avenues to validate a customer, we took a platform approach and created a comprehensive solution that allows a greater amount of flexibility in implementation."

IDNox uses plug-in algorithms that are configured to ask intelligent questions about a customer's personal and/or credit information and/or credit information. After running a comprehensive validation, IDNox provides a behavioral score about the credit risk the customer represents.

IDNox continuously validates customer data as it is gathered. The solution executes several sequences that not only validate but also cross-reference the collected information with business rules, fraud rules and filters.

"We evaluated many products before selecting IDNox," said Kurt Sullivan, executive vice president of products for Global Cash Access, which is using IDNox. "For early detection of identity fraud, the IDNox platform provided a flexible, real-time solution to execute rules and carry out online validations rapidly. Using IDNox, we have improved the quality of service while reducing fraud risk."