Instant ID Business
Verify the Business Without Delays
Profitable decisions depend on truly knowing your customer. When you have a customer who is ready to open a business account or secure a loan, LexisNexis® InstantID® Business helps you quickly capitalize on the opportunity while reducing risk. Through instant access to proven business content, stronger entity linking and advanced analytics, you gain a precise decisioning perspective to speed the onboarding process, reduce customer friction and maximize approval rates through an expansive and accurate view of the business and people associated with it. You will quickly be alerted to “red flags” that warrant further inquiry. Capitalize On Powerful Performance InstantID® Business gives you the competitive advantage of next generation business verification. By combining the reach of more than 10,000 data sources with the intelligence of industry leading linking capabilities, you gain the ability to access 25% more U.S. businesses, including hard-to-access small and new businesses, increase auto-verifications by 20% and improve the connection between a business and a person by 30%. Now is the time to put the power of superior verification to work for you to enable real-time decisioning, manage complex fraud and identity rules and sidestep hidden risk. InstantID® Business offers a precise business decisioning perspective that increases focus on your core business goals.
Features
Benefits
Features
More data
Leverages more than 10,000 proprietary and public data sources to link people and business entities.Covers 25% more businesses
Covers 25% more businesses than any other provider—including more small/new businesses.Contains built-in intelligence
Contains built-in intelligence, detects mis-keyed/incomplete information and corrects it on the spot, reducing false positivesProvides a Business Verification Index (BVI)
Provides a Business Verification Index (BVI) that ranks risk propensity (0-50); completes watchlist checking; and flags other risk indicators (e.g., invalid phone number, SSN of deceased person).Offers an Authorized Verification Index
Offers an Authorized Verification Index that ranks risk propensity (0-50); completes watchlist checking; and flags other risk indicators (i.e., SSN of deceased person, invalid phone number).Highlights relationships
Highlights relationships between the business and its authorized representatives.Compares input
Compares input data against verified data and presents any supplemental data that was found.Benefits
Verify the Identity of a Business
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