See how we can help your organisation to prevent CNP fraud while providing a seamless customer experience
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LexisNexis® Risk Solutions is actively supporting financial services companies, across the payment journey, to enhance their CNP risk decisions through a range of low-friction, fully integrated authentication strategies that are compliant with strong customer authentication workflows.
By improving card authentication risk analysis we can help to reduce the likelihood of CNP fraud impacting your organisation, which in turn can reduce your Transaction Risk Assessment (TRA) rates – thereby reducing customer friction, through a combination of factors.
Device binding allows users to transact with online services without being subjected to repetitive authentication processes on each return. Reliable and consistent verification of a trusted transacting device is achieved by registering the device and binding it with a user credential.
Understanding the age of an email address and domain, associations between a name and an email address, and any suspicious activities linked to either, is key in assuring digital identity and transactions, and reducing fraud risk. Our email risk assessment tools draw from a contributory global database of more than five billion addresses helping verify both trusted email addresses and those linked to previous instances of fraud.
Behavioural biometrics is the study of an online user’s interactions with their desktop, mobile or laptop device, via their keyboard, mouse and/or touchscreen. When layered with digital identity intelligence, behavioural biometrics can create a new shade in the spectrum of identity; helping businesses to assess trust and risk and differentiate fraudster from legitimate customer, and human from bot.
Enhance customer experience and accelerate onboarding by replacing paper-based ID processes and putting identity assurance into your customers’ hands. Our solutions use up to 50 different text and image-based tests to determine authenticity of the document, including checking the ID against over 4,000 ID types from nearly 200 countries.
Carry out reliable identity assurance on new and returning customers with an automatically generated, time-sensitive passcode, made up of random numeric characters and sent via a phone number, SMS or email address already bound to the subject. This offers increased assurance with less friction during an identity proofing process.
Built with intelligent algorithms and accessing billions of consumer records, Knowledge-Based Authentication (KBA) dynamically develops personal questions with multiple answers to authenticate a user’s identity. Dynamic KBA generates questions in near real time from public records and multiple credit bureau data, without requiring prior contact with customers.
Improve your CNP risk decisions further with real time decision analytics uniting market leading behavioural analytics with clear-box machine learning for modelling current and future customer behaviours, with integrated case management for exception handling and high-risk reviews.
Book a free, no-obligation consultion to find out more.
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit risk.lexisnexis.co.uk and relx.com.
