Fidelity National Information Services Rolls Out Integrated Fraud Mitigation and Compliance Solution

Jacksonville, Fla.-based Fidelity National Information Services, Inc. (FIS), a Fortune 500 company and provider of core processing, card issuer and transaction processing services to financial institutions, has rolled out its integrated fraud mitigation and compliance solution, FIS Red Flag service.

The new solution aims to help financial institutions comply with the red flag provisions of the Fair and Accurate Credit Transactions (FACT) Act. The FIS Red Flag service is designed to help institutions manage, track and demonstrate red flag compliance by leveraging existing account decisioning solutions. The solution is integrated with many banking software platforms for easy access.."

The FIS Red Flag service is an add-on component of the Fidelity national Information Services' FIS full account decisioning suite, including FIS QualiFile, an analytics-based risk assessment and decisioning tool for new account opening; FIS ID Verification, an integrated know-your-customer compliance tool; FIS Address Analysis, an new service that leverages unique data sources and analytics to detect change of address fraud; and FIS FraudFinder, a new accounts fraud-prevention service.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio