Red Flag Compliance

New laws enacted or being enacted for many industries called red flag compliance means companies need to make sure you are following guidelines to make sure you have properly identified the customer you are doing business with. Our check and ID verification services help your company become red flag compliant. Red flag compliance will help you:

	Avoid risky transactions with red flag compliance
	Protect your companies data through red flag
	Prevent fraud and loss of revenue

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What is Red Flag Compliance & whom does it affect?

As many as nine million Americans have their identities stolen each year and the Federal Government passed the red flag compliance rules to ensure that all businesses involved in the financial industry or companies extending credit implement certain procedures to be on the lookout for possible identity theft signs (or red flags). Learn about check verification & identity verification solutions.

Becoming red flag compliant is simple if you are using our Virtual Terminal as we have already built in all the check and identity protection services for you. (Learn More About Red Flag Compliance, what it is and who must comply). In brief Red Flag Compliance is a Federal Mandate that requires covered companies such as banks, financial institutions, credit unions, creditors and in general any company that extends credit to customer to be on the lookout for red flags which would indicate identity theft or attempted identity theft.

Electronic Payment Services helps you be red flag compliant:

The ongoing and everyday part of red flag compliance requires your company to thoroughly check the identity of the person you are doing business with. Red flag compliance laws will carry stiff financial penalties for your company so protect yourself today. Our secure online identity verification software will check all of the following below:

Verifies & authenticates a consumer’s identity in seconds

Checks that the social security name and the name given match

Verifies that social security name was issued after Date of Birth

Checks that name and address match

Verifies name, date of birth and driver’s license match

Verifies that phone and name match

Complies with the Patriot Act

Checks to see if the address is high risk

Checks to see if the consumers is on a deceased list

Screens name against Office of Foreign Asset Control (OFAC terrorist) list

Can initiate interactive historical questionnaire to authenticate identity

Don't Forget To Add Checks by Phone!

Don't just use our system to see if you should do business with a customer go ahead and take that check by phone or echeck payment right away! Our system is first and foremost a payment processing web software! By taking check payment over the phone you do not have to wait for anything to arrive by mail. It's simple and ready to use. Reps are standing by to give you a live check by phone demo.

Use our system for check payments and verification services today to protect your company:

800-844-2044