“With new
identity risks and challenges emerging everyday, we’re
thrilled to offer innovative solutions that can help more
mortgage, automotive and subprime companies instantly and
effectively manage their risk and protect their
organizations and customers against fraud Bruce Hansen, chairman and chief executive
officer of ID Analytics
Teletrack's parent company,
First Advantage Corporation, a global risk mitigation and
business solutions provider, and ID Analytics, Inc., the
Identity Risk Management company, today announced a partnership
with First Advantage’s credit reporting businesses to resell ID
Analytics ID Score® and ID OptimizerTM products to existing
mortgage, automotive and subprime customers via established
delivery systems and platforms.
First Advantage is the leading provider of specialty credit
reports to the mortgage industry through its subsidiary First
American CREDCO, to the automotive industry through First
Advantage CREDCO, and to the subprime industry through its
subsidiary
Teletrack. As a result of the partnership agreement, First
Advantage credit reporting customers will have easy access to ID
Analytics’ fraud prevention solutions through integrated
positions in the leading mortgage loan origination systems,
automotive dealer management systems and subprime delivery
platforms.
“As a leading provider of credit reports in the mortgage,
automotive and subprime industries, First Advantage’s credit
businesses provide an established and comprehensive distribution
channel for our products,” said Bruce Hansen, chairman and chief
executive officer of ID Analytics. “With new identity risks and
challenges emerging everyday, we’re thrilled to offer innovative
solutions that can help more mortgage, automotive and subprime
companies instantly and effectively manage their risk and
protect their organizations and customers against fraud.”
ID Analytics ID Score, the standard for identity risk
decisions, is an empirically derived calculation that measures
the likelihood that someone is who he or she claims to be. By
calculating the risk associated with an identity, ID Score
allows businesses to focus Identity Risk Management efforts on
identities with the highest likelihood of fraud, resulting in
faster, more profitable, risk-adjusted decisions.
Once identity risk has been determined by ID Score, ID Optimizer
instantly determines the most appropriate series of actions to
verify the applicant’s identity. By automating more than 60
percent of the formerly manual verifications, ID Optimizer
increases efficiencies and saves time.
“CREDCO and Teletrack are committed to providing customers
with quick and convenient access to the most advanced and
reliable fraud prevention tools,” said Per Gothe, executive vice
president of First Advantage CREDCO. “By leveraging our existing
business relationships, our new partnership with ID Analytics
will provide our mutual end-user customers with a robust and
cost-effective fraud and identity theft prevention solution that
fits within their established business processes.”
First Advantage plans to make ID Score and ID Optimizer
available to customers in early 2006.
About ID Analytics, Inc.
ID Analytics is the Identity Risk Management company providing
advanced analytic solutions that prevent identity fraud and
manage identity risk across the customer lifecycle. ID
Analytics' intelligent ID Network, the first and only real-time
national network built exclusively to manage identity risk,
coupled with its optimization technology, makes it possible for
organizations to calculate the risk associated with an identity
and balance identity risk against profit. The ID Network is in
use daily by over half the credit and retail card issuer market
in the US, as well as leading wireless and online consumer
finance companies. To empower consumers and to help more
organizations in more industries to fight identity fraud, ID
Analytics has channel partners in the bankcard, credit reporting
and retail banking industries. ID Analytics, host of Identity
2005, the annual Identity Risk Management Conference, is based
in San Diego with offices throughout North America and the UK.
About First Advantage Corporation
First Advantage Corporation combines industry expertise with
information to create products and services that organizations
worldwide use to make smarter business decisions. First
Advantage is a leading provider of business credit information
in the transportation industry; consumer credit information in
the mortgage, automotive and subprime markets; motor vehicle
record reports; supply chain security consulting; employment
background verifications; occupational health services; business
tax consulting services; insurance fraud, corporate and
litigation investigations; surveillance; computer forensics;
electronic discovery; data recovery; due diligence reporting;
resident screening; property management software; renters
insurance and consumer location services. First Advantage ranks
among the top three companies in all of its major business
lines. First Advantage is headquartered in St. Petersburg, Fla.,
and has 3,300 employees in offices throughout the United States
and abroad. More information about First Advantage can be found
at www.FADV.com.
First Advantage is a majority-owned subsidiary of The First
American Corporation (NYSE: FAF), a Fortune 500 company that
traces its history to 1889. First American is the nation’s
largest data provider, supplying businesses and consumers with
information resources in connection with the major economic
events of people’s lives. Additional information about the First
American Family of Companies can be found at
www.firstam.com.
ID Analytics is a trademark of ID Analytics, Inc. All other
trademarks and registered trademarks are the property of their
respective holders.
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