The FACT Red Flag Rulings go into effect November 1, 2008. Are you in compliance?

On November 1, 2008 all businesses that act as creditors to consumers must comply with the new Fair and Accurate Credit Transactions Act (FACT Act) rulings:

• Identity Theft Red Flag (FACT Act Section 114) requires that you verify identities of customers conducting transactions with your business.
• Address Discrepancy (FACT Act Sections 114 and 315) requires that you verify address changes for existing accounts prior to sending financial instruments.

CSIdentity provides a low-cost, automated compliance solution that meets all FACT Act requirements and protects your business against fraud.

Who's required to be in compliance?

Banks Mortgage brokers Investment brokers Credit unions Auto dealerships

Telecommunications providers Utility companies Healthcare providers Any business that extends credit or acts as a creditor to consumers

CSIdentity can help you quickly and easily become compliant with our automated Red Flag solution.

Capabilities

• Compliance requirements guide, training, tool kits, and internal documentation
• Real-time Red Flag detection prevents the use of stolen identities during transactions
• Real-time Address Discrepancy detection of high-risk address changes
• Proactive account protection detects compromised accounts before transactions begin

Benefits

• Automates FACT Act compliance
• Priced per transaction and available in real-time, batch via CSIdentity's Web portal
• The only solution providing proactive detection of compromised accounts before fraud occurs
• Increases new account approvals of a non-verified name at an address
• Reduces manual review, operational expenses and fraud losses

View the FACT Act Red Flag legislation.

Download a Red Flag Product Sheet