Identity and Asset Verification

Reduce the risk of fraud and identity theft with identity verification. Know your applicants and verify their identities right at the start. Prevent fraudulent vehicle claims with asset verification—widely used in short-term insurance for the verification of vehicles, registration details, owner information and driver’s license information.

TransUnion can help protect your business in these and other ways:

• Identity Verification at the application stage
  This TransUnion solution compares the input identification to our ID verification database to confirm the validity of the ID number and associated forename and surname. The ID verification database sends an alert when it detects information that does not match our extensive database and the ID status verified by the Department of Home Affairs.

• Fraud Risk Alert for advance notifications of possible fraud
  Receive advance notification of potential issues that could harm your business. Alerts are sent in the case of:
  – Suspicious and inappropriate activity associated with the ID, address and telephone information
  – High frequency of the use of the data, which can indicate possible syndicate activity
  – Evidence that the identity, telephone, address or employer information has been used in a fraudulent application or reported as suspicious

• Asset Verification for insurers surer can access the NATIS (National Transport Information System) database to verify:

  – That the vehicle exists and that it is being insured for the appropriate risk
  – The ownership information to be sure of paying out the claim to the correct owner
  – The drivers license for application and underwriting criteria

• Vehicle Verification when buying, selling or financing a vehicle
  Use our Vehicle Enquiry report to make accurate decisions quickly and with confidence. You can confirm the specific motor vehicle identification and verification criteria. Also ensure that the vehicle is not stolen and that you are financing the correct vehicle and vehicle make.