Transcript Authentication Index

New Products for the Public Sector
The products that will change your work life
Presented by: Derek O’Halloran
Date: 14th June 2007
Dislikes
Technology is the answer
What’s new?
Up to date data (Electronic data updates)
Streamlined and accurate bank account validation
(Bankwizard)
Identity Theft – Reducing the time, cost and risk of
paper-based proofs
Identity Theft – Paper-based proof of ID checks
Up to date data
Up to date data
Improves processes
Removes updating data from your to do list
Substantial time savings
Eliminated risk of data expiry
Removes need for downtime
Up to date data
Bank account validation
Inaccurate DD
QAS, George West House, Clapham,
Headache for finance/admin
getting it
London, SW4 0QL
corrected/annoying for customer
5.QAS Ref
Implications of getting it wrong
Financial
Admin
Chance of losing customers
Negative PR
Technology for an easier life
“Since implementing BANK WIZARD we have
virtually eliminated the problems associated with
processing incorrect bank details. I would have no
hesitation in recommending BANK WIZARD to any
organisation processing large volumes of Direct
Debits”
Shelagh Osey, Financial Services Manager
Proof of identification
Typical Requirements:
Photo Proof – Passport, Driving License
Proof of Address – Driving License, Utility Bill
Fake ID’s
Stolen ID’s
Documentary evidence
Cost of Processing/Storage
Training
Customer Service
EFFECTIVENESS
Easily forged
Easy to obtain genuine documents
Detection of forgeries
How does it work?
Data Input
Name and Address validation
Validation
Establishing the existence of a real world identity
Verification
Positive corroboration of identity and biographic details
supplied
Key fraud indicators
Authentication
How to… create your own fake identity
How to… create your own fake identity
How to… create your own fake identity
How big is the problem?
Source: CIFAS Online
Year
Cases Recorded
2005
66,000
2004
56,000
2003
46,000
2002
34,000
2001
24,000
2000
16,000
1999
9,000
Identity fraud cost the economy £1.7 billion / year
(Home Office, February 2006)
Identity fraud accounts for a criminal cash-flow of £10m per
day
There are 80 million active National Insurance numbers in the
UK, with a population of 60 million
How does it work?
Validation
Data Input
Name
Address
QuickAddress Pro
Authenticate
Capture Fields
Secure
Internet
Connection
Validated Name and Address
PAF
Yes No
ER
Date of Birth
Time at address
Former Addresses
Time at these addresses
Male or Female
Telephone Numbers
No of Dependents
Bank Details
Owner Occupier
Authentication
Index
70
Authentication
Verification
Breadth & depth weighting
 Breadth
• No. corroborative matches
against data sources
 Depth
• How far back in time the record
goes
 Quality
• Type of record and level of due
diligence performed in its
creation
Authentication Index
Authenticate
Hosted, Integrated or bespoke
Solution fast & easy to implement
Name & Address verification on entry
Breadth & depth of Experian data
Pre-configured authentication templates
Easy to use – improves business process
Compliant
Validating paper proofs
Thank you for listening
Presented by: Derek O’Halloran
Date: 14th June 2007
www.qas.co.uk