Experian Battles Commercial Fraud

Experian, an information service firm, has launched Commercial Fraud Insight, a fraud and authentication program designed to help companies prevent business-to-business fraud. The new software analyzes application information on businesses and their business principals or guarantors, allowing clients to screen multiple data sources for potential fraud indicators.

“This industry constantly is asking for better ways to mitigate fraud losses and comply with federal know-your-customer mandates by verifying the identities of their clients,” said Mark Zablan, president, Experian’s Business Information Solutions. “Commercial Fraud Insight addresses this requirement while maximizing our clients’ customer service and analyst resources by allowing them to quickly identify suspect accounts for further analyst review. It also allows them to streamline their application processes, saving time and reducing search costs.”