Identi-Check® for Business

Verification of non-natural entities.

FCS OnLine’s electronic business verification service enables Australian business customer details to be verified online within seconds. This is achieved in a transparent manner with minimal impact on the customer acquisition processes, and can be used for business verification or for AML/CTF compliance.

Identi-Check® for Business cross-references more than six million business records using data from the Australian Business Register, FCS OnLine Public Number Directory and White Pages® Direct Access to answer to following questions:

• Can the business information supplied be verified against independent business data sources?
• Does the company exist?
• Is the address and phone information correct?
• How long has the business been trading?
• Is the ABN/ACN valid
• Does the information provided match another business?
• Does the phone number provided match the name?

Using proprietary standardisation and matching techniques, the service initially establishes the relationship between the current and historical variations of trading names and legal names, then the information collected is scored and graded to determine the validity of the business identity details.

Identi-Check® for Business uses a highly configurable and sophisticated scorecard model giving organisations the flexibility to customise scores, weightings and gradings to align the verification results with their risk management program. Multiple scorecards can be deployed for one organisation allowing multiple products and risk categories, or for multiple risk categories within a product.

This can be seamlessly integrated into any existing business applications or incorporated into both manual and automated business processes of any organisation via a web browser UI, XML web service API or batch processing.