Out-of-Wallet Questions for Simple Authentication
Dynamic Knowledge-Based Authentication (KBA) by EVS is a cost-effective and simple solution to identify clients, meet compliance requirements, and reduce fraud costs from charge-backs and fraudulent claims. Real-time KBA provides out-of-wallet ID authentication questions to ensure the true identity of your client, customer or applicant. By deploying a low-cost, low-impact KBA solution into enrollment or other transaction processes, our clients can expect to lower costs and eliminate manual fraud prevention.
Our real-time KBA engine utilizes multiple public and private data sources to generate multiple-choice questions that only your client would know. We generate questions specifically designed to thwart an ID thief by using information not commonly found in a purse, wallet, social media site, utility bills, or even a Google search.
Dynamic KBA is a component of the IdentiFraud Consumer solutions, which also provides verification of consumer-provided information. This combination allows businesses to confidently determine whether the people they are talking to or selling goods and services to are who they say they are.
To see for yourself how Knowledge Based Authentication can be used to reduce fraud for your business, complete the form to the right to request a demonstration of our IdentiFraud Consumer solution.