When Instant Credit Leads to Instant Fraud

Instant Credit is a powerful tool for retailers, consumers, and creditors.  However, it has also become a prime target for identity thieves applying for instant credit with stolen information.  Merchants and creditors face significant challenges – how to increase sales through instant credit offers, improve fraud protection strategies and offer consumers the transaction speed, convenience and privacy protection they demand. 

Join Jeff Trynz from Verid and Linda Foley from the Identity Theft Resource Center as they:

  • Provide an overview of the current state of instant credit fraud
  • Review new approaches to identity authentication techniques
  • Present examples that demonstrate how retailers have mitigated fraud losses and improved the customer experience using Knowledge-Based Authentication

About Verid

Verid is the leading provider of real-time identity verification and authentication solutions that significantly reduce the cost of fraud without compromising consumers’ comfort, convenience or privacy. Verid’s Knowledge Based Authentication (KBA) service helps businesses manage risk and establish and maintain high quality customer relationships. For further information regarding Verid, please visit www.verid.com or call toll-free at 1-888-533-5300.

About ITRC

The Identity Theft Resource Center (ITRC) was founded in 1999 and is a national nonprofit organization that focuses exclusively on identity theft. The ITRC is headquartered in San Diego, CA, and has representatives working with its program throughout the United States. For further information regarding the ITRC, please visit www.idtheftcenter.org.

Verid, Inc.
1550 Sawgrass Corporate Parkway
Ft. Lauderdale, FL 3332