TransUnion, ID Analytics Team Up
CHICAGO and SAN DIEGO - TransUnion enhanced its ability to help businesses fight identity fraud by integrating ID Analytics ID Score into its comprehensive Fraud and Identity Management Services. ID Score is a standardized, predictive risk metric that helps organizations focus their identity risk management efforts on individuals with the highest likelihood of fraud. ID Score is already used by over half of the credit card and wireless telecommunication providers in the U.S., as well as retailers, and online consumer finance companies. "TransUnion is a proven, trusted player in consumer fraud protection," said Bruce Hansen, chairman and CEO of ID Analytics. "This partnership makes it more convenient for organizations exposed to fraud to leverage the power and potential of our Identity Risk Management solutions and achieve additional security against identity crimes." Going forward, the companies will leverage their respective strengths and market expertise to provide enhanced fraud prevention and identity risk management solutions that meet the evolving needs of the marketplace. The new offering will be available to companies across a variety of services, including financial services, automotive finance, healthcare, rental, telecommunications and broadband. A Javelin Strategy and Research and Better Business Bureau study finds that associated business losses reached $52.6 billion last year.