Precise ID Reviews & Product Details

Experian Precise ID is an identity verification and fraud risk detection solution that helps organizations assess identity risk and make real-time decisions during digital customer interactions. The solution combines identity data, fraud intelligence, transaction information and configurable verification methods to help distinguish legitimate customers from potentially fraudulent applicants or users. Precise ID supports identity verification, synthetic identity detection, first- and third-party fraud risk assessment, step-up verification and real-time decisioning. Organizations can use the product across onboarding, account opening, authentication and other customer lifecycle workflows. Verification options may include knowledge-based authentication, one-time passcodes and other risk-based methods, depending on product configuration and use case. Key capabilities include identity verification, fraud risk analytics, step-up verification, synthetic identity detection and real-time decisions. Precise ID services are used by nine of the top ten U.S. banks and process approximately 612 million transactions annually.