• Financial Services
  • Consumer Deposits
  • Consumer Lending
  • Human Resources
  • Securities
• Retail Payments

Early Warning facilitates the secure exchange of information and knowledge between organizations and offers solutions for responding quickly to evolving fraud challenges.

Consumer Lending Fraud Prevention

Installment Loans/Lines of Credit

Installment loans and lines of credit that are not secured with collateral (i.e. house, automobile) are more risky for the lender. These types of loans have affected financial services organizations similarly to home equity lines of credit - which became less secure - in the recent economic downturn. Fraud attempts typically increase in a difficult market and financial services organizations are challenged with identifying this activity and stopping it at the earliest point of impact.

At loan origination, the ability to perform identity verification, match an identity to an account, identify any fraud history, and verify the status of accounts being used to make remittance payments, are helpful in risk management. With installment loans and personal lines of credit, Early Warning helps financial services organizations prevent fraud at the opening of the loan.

For more information on how Early Warning can help prevent installment loan and lines of credit fraud, please see PAYMENT CHEK® service and IDENTITY CHEK service or contact us.