TransUnion IDVision® with iovation®

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Additional Info

Company (that provides the nominated product / solution / service)TransUnion
Company size (employees)5,000 to 9,999
Type of solutionCloud/SaaS

In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:

Comprehensive Data and Security: IDVision with iovation offers a comprehensive data platform for reputation insights and multifactor authentication methods by leveraging over 1 billion consumer records and intelligence based on experience with over 6.5 billion devices.That data is encrypted in transit.

Orchestration: IDVision with iovation’s orchestration capabilities create a single platform so companies don’t have to install and manage increasing numbers of point solutions. These capabilities include connecting insights across the entire IDVision suite, leveraging third-party data and internal platforms, delivering powerful insights to fraud management teams for timely resolution and follow-up, providing a single resolution concerning consumer trust, and consolidating reporting insights.

Shared intelligence: IDVision with iovation subscribers can leverage the power of shared intelligence with access to IDVision with iovation’s 76 million fraud and abuse reports from 35,000 websites and apps protected across multiple geographic markets, providing unique insights into industry specific fraud activities.

Brief Overview

TransUnion’s IDVision with iovation fraud and identity suite of solutions enables businesses and consumers to easily and safely transact in a digital world. As transactions increasingly move online, IDVision with iovation makes trust possible where it is often challenging to do so through the verification and authentication of identities. IDVision with iovation contains over 1 billion consumer records and intelligence based on experience with over 6.5 billion devices providing a comprehensive picture of each person.

It can validate a consumer identity through a broad mix of data sources, including credit and public records, allowing businesses to enable meaningful experiences with consumers and increase financial inclusion. IDVision with iovation also reduces risk and prevents fraud through the assessment of transactions and identities by flagging suspicious behavior and inconsistent data for investigation.

It analyzes unique identifiers like account number, address, date of birth, device, email, IP address, knowledge-based authentication (KBA) questions, name, a one-time password (OTP), phone number, postal code and social security number. For instance, the iovation device intelligence has helped prevent more than 200 million fraudulent transactions annually by evaluating associated accounts and devices, past device history and suspicious device behavior. IDVision with iovation can also use a device as a consumer authenticator by ensuring it is authorized to access an account.

By linking device and identity to recognize customers, businesses can quickly recognize good returning customers to expedite access and minimize friction, more effectively identify fraud even when fraudsters attempt to mask their devices or identities, and gain a higher level of confidence when onboarding new customers.