Visa Advanced Identity Score

Advanced Identity Score combines Visa's artificial intelligence (A.I.) with proprietary data to help issuers predict credit application fraud—including Identity Theft and Synthetic Identity.

This Fair Credit Reporting Act (FCRA) compliant identity fraud score aims to prevent fraud losses at the point of application—helping better detect synthetic identities and determine the probability of any fraud including first-party fraud in real-time.

It features:

• Proprietary Visa data - Harnesses virtually all U.S. approved and declined bank card application data, as well as application and account level fraud.
• Real-time risk score - Uses Visa's A.I. and deep neural network to help verify applicants and predict 12-months of account behavior in real-time.
• FCRA-compliance - Draws from a FCRA-regulated database for use in credit decisioning while also delivering four reason codes to understand the score’s computation.
• Network agnostic score - Delivers a network agnostic score that can be used for all card brand applications, not only Visa.

With the solution, issuers can augment their existing underwriting process with the score to help ensure early fraud detection to stop downstream losses. The solution can possibly address Identity Fraud, New Account Fraud, Synthetic Fraud, Bust-Out and First-Party Fraud. And it helps to optimize new account openings by reducing fraud and false positives while advancing good applications through.