Experian launches tool

Kentucky Banker Magazine, Feb 2000

Experian in Orange, Calif., has launched its AuthoriCheck, a new automated business data authentication tool. Designed to help combat the estimated $600 million in application fraud losses businesses incur every year, AuthoriCheck determines the accuracy of customer-provided application data and identifies potential fraud, noted Experian.

Ideal for any company that extends credit to other businesses, notes Experian, this tool is accessible via the Internet, CPU-CPU link or batch processing. The tool utilizes various proprietary internal and external data bases to validate business application data, such as applicant/owner data, addresses, tax identification, social security, telephone numbers and other information.

Additional AuthoriCheck features, adds the company, include:

- Historical Matching Experian houses user historical application data for present-day cross-checking purposes. By utilizing this cross-check, a business may discover a company is doing business by a different name or has a different address and phone number.

- WarningPlus - an Experian-housed, shared data base of suspicious business names, addresses, telephone numbers, etc. Supplied by various businesses, industries and third party sources, access to WarningPlus requires data contribution from participating businesses.

Other features of Authori

Check include a browser-based product; customized rule sets; multiple data sources in which information is derived from multiple sources; and retrospective analysis.

For more information, visit Experian at www.experian.com.