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Deluxe Selects ID Analytics for Compliance

Deluxe Corporation has added ID Analytics for Compliance to its existing suite of fraud protection services.

Shoreview, Minn.-based Deluxe Corporation has selected ID Analytics for Compliance to help the company and its financial services customers comply with the Red Flags Rules issued by federal financial institution regulators, according to a press release. Deluxe will add the solution to its existing suite of fraud protection services and expects it to help clients improve fraud detection rates, automate compliance and reduce operational costs.

The ID Analytics (San Diego) solution detects and automatically resolves identity fraud-related red flags during check ordering for direct deposit accounts, according to the release. ID Analytics for Compliance will be a key component of Deluxe OrderScreen the company says, providing compliance benefits to Deluxe customers including an extra layer of protection for account holders against fraudulent requests for printed checks.

OrderScreen streamlines orders for Magnetic Ink Character Recognition (MICR) products by analyzing order, address, channel and identity attributes that help detect, prevent and mitigate identity theft. The ID Analytics solution will be used to evaluate high-risk transactions.

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