The identity verification service that simplifies your compliance and lowers costs
Gain the business intelligence you need to simplify compliance with the USA PATRIOT Act while ensuring that you open legitimate customer accounts. ChexSystems® ID Verification Service cross-references more than 82 billion records to confirm the identity and background of customers who apply for new accounts, within seconds. Your employees are empowered with the information they need to do their jobs quickly and effectively, while your institution saves time, money and lowers potential exposure to fraudulent accounts.
Chex Systems, Inc. (herein “ChexSystems”) is a consumer reporting agency and an indirect wholly owned subsidiary of FIS and the provider of FraudChex service, a non-FCRA service.
How ChexSystems empowers ID verification
Increase operational efficiency and reduce costs
Simplify decision-making with intelligence from billions of data sources
Easily integrate with existing processes
Streamline verification processes with a user-friendly interface and real-time pass/fail recommendations
Reduce the risk of regulatory fines
Automate PATRIOT Act compliance and strengthen reporting for your due diligence efforts