Detect transaction risks specific to your industry by pulling from a global network of confirmed fraud.
Address the challenges of origination fraud, synthetic identities and loan stacking before margins are impacted.
Leverage the exchange by sharing application velocities and known fraud, benefiting all businesses through common interest.
Here’s what you can do with Fraud Prevention Exchange.
Exchange members can share select transaction data from the application stage and identity verification outcomes. Indications of irregular application velocities and reported fraudulent behaviors are then carefully monitored to alert members when they’re being exposed to risk.
Get TruValidate Fraud Prevention ExchangeDetect loan stacking
Be alerted to fraudsters attempting to quickly acquire multiple loans and credit in order to avoid detection.
Recognize fraudulent behaviors
Reported fraud and potentially fraudulent transaction velocities are closely monitored and, when necessary, rapidly flagged.
Guarantee data privacy
There is no sharing of consumer PII within the exchange, ensuring that data remains private.
Receive multiple calls for alerts
An alert occurs when an application is initiated and again once the application is completed.
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