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How Does ID Verification Waterfall work?
ID Verification Waterfall runs your failed applications through
another systems check (in real-time) to discover consistent data
patterns.
When applicants have a "thin" credit file, they cannot be
successfully verified, or the first Identity Verification provider
returns an error. Identity Verification Waterfall provides
the opportunity to waterfall multiple Identity Verification
providers to increase the number of approved applicants.
Currently there are a range of Identity Verification Vendors
that all offer slightly differentiated products. Making a decision
between these providers often means sacrificing one feature for
another and hindering your throughput in the process.
Andera recognized this and in response created the ID
Verification Waterfall product, which coordinates the best features
of each system into one workflow to increase your acceptance rates
without increasing fraud.
See what ID Verification Waterfall can do for
you--try the
calculator.