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Identity Verification •
Skip Tracing Service •
Comprehensive Report
Identity Verification is Revenue Protection
What is Identity Verification?
AVS provides an automatic way of comparing information provided by a subject such as name, address and date of birth against information found in thousands of trusted data sources, containing billions of records. The end result provides a verification that helps businesses and other entities make more informed decisions about how interactions with consumers are handled. AVS offers a distinctive package for Identity Verification. We provide our clients with two unique functions that are part of the Identity Verification service: InstantID® and FraudDefender®. In addition, AVS provides its clients three (3) free Skip Searches. In summary, as part of its Identity Verification package, AVS customers receive an Identity Verification search and three Skip Searches (per subject) within a one year period from the date of the original purchase.
American businesses have known for some time that use of invalid identities and identity thefts have been the fastest growing crime in the United States. During fiscal year 2006, the Justice Department increased the number of identity theft cases it prosecuted by 94% from 2005. The Identity Theft Resource Center (ITRC) estimates there are 10 million victims of identity theft a year; which means every minute approximately 19 people become new victims.
Identity theft involves (1) unauthorized use of someone else’s account, and (2) “true identity fraud,” which is using someone’s name and information for credit cards, car loans, rental equipment, apartments, mortgages, etc. A third and more threatening form of identity theft and one harder to detect is “synthetic identity theft.” “Synthetic identity theft” is when the fraudster combines identity elements of real people to create a fabricated identity. According to a statistical analysis conducted by ID Analytics, synthetic identity fraud comprises 88.3% of all identity fraud events and 73.8% of the total dollars lost by US businesses.
Identity Verification is Critical
The reality is that businesses and other entities face tremendous risk to their very survival if they are not using an Identity Verification Service such as AVS. The three primary risks businesses face by not using an Identity Verification Service like AVS are (1) loss of revenues, (2) increased cost of doing business, and (3) a higher potential for becoming victims of fraud.
America’s Verification Systems provides a Solution
AVS provides a system that searches billions of records to locate and confirm identity information that is submitted by consumers and/or businesses. The system offers a powerful, real-time Identity Verification in just seconds.
The benefits offered by use of the AVS Identity Verification services are as follows:
- Saves Time Verifying Customers with a non-intrusive approach
- Easily verifies and confirm that the customer is the appropriate person to use a credit card, rent equipment, apply for loans, rent an apartment, etc.
- Increases Revenues
- Customer Verification for new and existing accounts
- Reduces Credit Card Chargebacks to the Merchant
- Creates your own approval rules
- Complies with rules and regulations of the USA Patriot Act, Office of Foreign Assets Control (OFAC) regulations, and Bank Secrecy Act
- Social Security Number Verification
- Demonstrates to Customers that you Are Serious about Due Diligence
- Fraud Prevention
- Reduces Manual Intervention
- Integrates for On-line Multi-factored Authentication
- Instant Access to roughly 30 billion records in seconds, via our Proprietary Web Interface
- Proven proprietary system results in higher location rates than other solutions
- SSN Act Compliant, Customer Privacy Act Compliant
- DPPA Compliant, FCRA Compliant, Graham Leach-Bliley Act Compliant
- Real-time capabilities provide faster response times
Skip Tracing Service – Revenue and Asset Recovery (back to top)
Often companies need to find people, who have seemingly disappeared, to recover revenues and assets. This means that successful Skip Traces often require multiple searches before the subject surfaces. AVS provides our clients with the most advanced tools to locate hard-to-find persons. If we are unable to locate the subject of the skip tracing the first time a search is conducted, AVS will continue searching for the subject. AVS will generate reports on the subject twice a month for the first three (3) months. For the next nine (9) months, searches will be conducted once a month. The results of the searches will be immediately emailed to the client.
Importance of Revenue and Asset Recovery
Revenue and Asset recovery/debt collection is critical for businesses and has an important role in the American economy. It recovers billions of dollars that are injected back into the economy and to merchants -- to help save businesses and jobs. Consumers also benefit. Industry research has shown that by returning money owed to U.S. businesses, revenue recovery/debt collection saves American families on average $331 a year in money they otherwise would have spent if businesses raised their prices to cover losses to bad debt.
The challenge to businesses that extends services on credit or provides rental services is that, according to research, more than 35 percent of delinquent debtors move annually. Half of all accounts received for collections require some form of skip tracing. At any given time, there are billions of dollars in delinquent debt.
Advanced Skip Tracing Tool
To help companies recover revenues and assets (i.e., delinquent debt), AVS provides an advanced Skip Tracing tool; one that is used by a wide range of different types of businesses who need to find someone – or many people – for any legitimate reason.
Our skip tracing tool locates hard-to-find missing persons, deadbeats, and delinquent debtors. AVS uses the most comprehensive sources of data available to locate even the most elusive skips. We have access to virtually every means possible to locate anybody, anywhere in the United States. Simply put, it is doubtful that you will find more current, more complete, or more accurate data than we provide. It is doubtful that you find a service that will give you faster turnaround times for your skip search. In addition, AVS is the low-cost provider.
AVS offers an advanced Skip Tracing tool that provides precise, timely and cost-efficient reports on the whereabouts of the most difficult to find deadbeats, debtors and other skips - usually within a matter seconds.
The key is that AVS provides its clients with a powerful search feature, an online skip tracing tool. As noted, the skip tracing tool is used primarily for collection and revenue recovery purposes. However, it can be used for any legitimate purpose. AVS offers the super-charged search tool that makes the most of partial debtor information and returns the results to the collections professional's desktop in seconds. It allows those involved in collections and related services to quickly locate people, property, relatives and associates, and more. AVS clients can find debtors when only old or fragmented data is available.
Industry Leader in Skip Tracing Technology
Built on the AVS proprietary data-linking technology, the Skip Tracing capability uses the pieces of data available to clients to locate individuals and businesses and to alert the affected company about property and vehicle ownership and connections to places of business. The Skip Trace service leverages AVS's access to databases of tens of billions of current and historical records and returns immediate results.
AVS makes available this intuitive search technology, highlighting our ongoing commitment to improve the overall effectiveness of the skip tracing process for client. It helps them with their revenue recovery and collection efforts. In the process, our clients are able to realize the highest return-on-investment.
Clients have been pleased with the initial results.
With its Skip Tracing functionality, AVS provides the standard for all online skip tracing tools.
Comprehensive Report: Gives You Peace of Mind (back to top)
The Comprehensive Report is another popular report sought out by AVS clients. Like most AVS reports, the Comprehensive Report is generated in real time, almost instantaneously. The Comprehensive Report is a precise, detailed, timely, and cost-efficient report on the backgrounds of consumers, including criminal conviction histories and sex offense convictions on county, state and national levels, plus judgments, liens, bankruptcies, real property transactions, UCC filings, vehicle, boat and airplane ownership, relatives, business affiliations, and more.
The Social Security Number (SSN) of the subject is the most important piece of data for generating the Comprehensive Report. However, because it is not unusual to find more than one person using a Social Security Number (SSN), the subject's name is needed to make sure that you are generating a report on YOUR subject.
The Comprehensive Report provides the following detailed information:
- Address Summary
- Others using the Social Security Number (SSN)
- Date/Locations where SSN used
- Census Data
- Bankruptcy Indicator
- Corporate Affiliations Indicator
- Bankruptcy
- Liens and Judgments
- UCC Filings
- People at Work
- Driver’s Licenses
- Vehicle Registrations
- Property
- Watercraft
- FAA Pilots
- FAA Aircraft
- Professional Licenses
- Florida Accidents
- Voter Registration
- Hunting/Fishing Permits
- Concealed Weapons Permits
- Associates
- Relatives
- Neighbors
- Criminal Records
- Sexual Offenders
The Comprehensive Report is a detailed, thorough report, providing great value at a low price.
In today's world, it is more important than ever to verify the identity and know the background of persons and businesses with whom you are entering into a relationship. AVS provides its clients immediate access to state-of-the-art Identity Verification and background investigation tools and techniques for protecting and recovering your revenues and assets. AVS provides solutions to the questions you need answered and gives you peace of mind.
For a listing of AVS Search functions, click here. Also, view our Frequently Asked Questions.
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