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You might also find the following useful for your bank:

AUTOMATED DECISIONING

Use Automated Decisioning to quickly implement changes in decisioning logic, credit policy, and business rules while maintaining the integrity of established performance standards.

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WATCHLIST – OFAC SEARCH

A federal government mandate, this report checks to see if a customer is any way connected with terrorist organization.

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RED SHIELD

The Red Shield solution is a streamlined, low cost Red Flags verification process that analyzes the likelihood of identity fraud instantaneously.

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 | Appliance: Report to the Credit Bureaus | Appliance: Simple Red Flags Compliance | Appliance: Verify Customers Identity | Bank, Finance and Leasing: Asset Management Business: Check a Person's Background | Bank, Finance and Leasing: Asset Management Business: Leverage New Account Opening Solutions | Collections | Judgment Recovery | Legal: Legal General Practice: Check a Person's Bankruptcy History | Collections | Judgment Recovery | Legal: Legal General Practice: Check a Customer's Credit | Collections | Judgment Recovery | Legal: Legal General Practice: Invaluable Information for Finding a Debtor | Collections | Judgment Recovery | Legal: Legal General Practice: Find Debtors for Your Legal General Practice Business | Background & Tenant Screening: Background Screening Business: Provide screening of mid-level employees | Background & Tenant Screening: Background Screening Business: Provide Background Screening-Executive | Provide Background Screening - Commercial Drivers | Provide Background Screening - Employees | Provide Background Screening - Executive/Key Employee | Bank, Finance and Leasing: Bank: Check a Vendor’s Background | Bank, Finance and Leasing: Bank: Check Employment History | Bank, Finance and Leasing: Bank: Increase Sales and Profits | Bank, Finance and Leasing: Bank: Locate Delinquent Customers | Bank, Finance and Leasing: Bank: Leverage New Account Opening Solutions

New Account Desk Solutions - Quick, Thorough and Effective for Your Bank

MicroBilt's new account desk solutions provide rapid access to accurate and reliable information to verify, authenticate and decision on new business for your bank.

For a quick but thorough new account solution for your bank we recommend:

Identity Verifications and Fraud Protection

MicroBilt offers to your bank the leading identity verification products and services and cutting edge authentication products that will minimize the risk for your bank. As part of each application, MicroBilt provides a complementary suite of verification tools; MicroBilt applications can automatically verify and populate an address, verify your applicant's phone number, validate Social Security numbers and check the Social Security Administration's death master file for a match.

ChexSystems

ChexSystems fights account abuse and fraud. It's a comprehensive account opening service from eFunds, available only to banks and credit unions, that helps identify applicants whose accounts have been closed for cause and who therefore may have a propensity for DDA abuse. The ChexSystems product requires that you have an eFunds customer ID.

Driver's License Verifier

Driver's License Verifier searches more than 19 billion public and proprietary records to verify basic data and potentially fraudulent identities instantly. These resources automatically validate identity against known matches such as

  • The zip code matches the state.
  • The last name matches the address.
  • The Social Security number matches the first and last name.
  • The Social Security number issue date is within a valid date range.
  • The Social Security number is not listed as deceased.
  • Option for subject to meet specified age requirements.

ID Authenticate

ID Authenticate is a service that consists of automatically generated questions and answers that will test the true identity of an individual. These questions are based on a robust public record database. You can validate a customer by asking 'out of wallet' questions that only the applicant would know.

Consumer Credit Reports

Consumer data is essential for your bank to operate and you need a comprehensive, secure source for your mission critical information. Consumer credit data is a core building block in making credit, leasing, collection and hiring decisions. MicroBilt is your single source for credit reports from Equifax, Experian and TransUnion, as well as PRBC and Teletrack. Business reports are available from Dun & Bradstreet, Experian Business, Equifax Business and PayNet.

PRBC Report with FICO® Expansion® Score

Approximately 50 million Americans have little or no credit history on file with the Experian, Equifax and TransUnion credit bureaus, yet they earn a steady income and meet regular payment obligations of rent, utilities, and recurring bills. These creditworthy individuals are often denied for credit offerings due to their ‘thin’ credit history and this offers your bank a significant population of new customers. MicroBilt’s alternative data reports and services aim to bridge the gap between consumers seeking credit and banks seeking to qualify them.

Property Search

Property Search allows you to search for real estate in an individual's name or perform a reverse property search to find the owner or seller of an address. Property Search gives your bankthe information you need to determine the value of the property owned by an individual when collecting unpaid debt. Property Search can also identify third parties that may be able to assist in your skip tracing efforts.

MicroMerge 3 Bureau Consumer Credit data

This report combines important background information from the three top credit reporting database in one convenient report.

 
 
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