Beyond Policies and Procedures—Automating Red Flags Detection and Resolution

Developing your policies and procedures is a critical first step in creating your Red Flags program, however this alone won’t achieve compliance. It’s imperative that you are prepared to both detect and respond to all of the identity theft Red Flags for both your new and existing accounts.

The Wiz Sentri: Red Flags software solution is a comprehensive set of tools that easily and efficiently solves this challenge! In addition to automating ID Verification and ID Authentication, the new Wiz Sentri: Red Flags software solution facilitates the investigation and documentation of all potential identity theft findings, enabling complete compliance with the new Fair and Accurate Credit Transactions (FACT Act or FACTA) Red Flag regulations.

Key features and functionality of the software include:

Assessing the identity risk of your account applicants
Verifying individual and business identities
Screening applicants and account owners against watch lists
Risk rating customers at account opening
Automating Customer Due Diligence (CDD)
Authenticating customer identities
Account and employee profiling
Ongoing activity monitoring
Case management and appropriate recordkeeping

To see how Wiz Sentri: Red Flags software will form the cornerstone of your FACT Act Red Flags identity theft compliance program, contact us today!

Paper Documents

Our FACTA Red Flags paper products help you comply with your identity theft program recording and reporting requirements.

Identity Theft FACT Act Red Flags Checklist—to record identity theft detection
Identity Theft FACT Act Red Flags Response Form—to document responses when an identity theft Red Flag is detected
Resolution of Address Discrepancies Form—to document how you deal with a discrepancy between the address listed for an applicant and the address that a consumer reporting agency has on file for that person

We also have similar paper documents that are specifically created for indirect lenders.

Learn More About our FACT Act Identity Theft Red Flags Solutions—Contact Us Today!