How to Combat Online Lending Fraud

They say that the eyes are the windows to the soul. But when you’re conducting business online, the eyes and every other fragment of identity is concealed. The “hidden” nature of the online environment makes it a breeding ground for fraud.

Fraud in all its forms is so pervasive in the subprime lending industry that lenders are tasked with trying to verify each applicant’s identity, their credit history, their ability

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In the Fight Against Fraud, How’s Your Data Doing?

Fraudsters work around the clock. Your fraud prevention measures should too. Fraud prevention is a primary concern for any business in the lending industry. The growth of digital and mobile technologies makes it increasingly difficult to determine who is on the other end of a transaction.

A lender’s risk is naturally higher with a subprime borrower than with a traditional prime consumer. As fraud in its various forms continues to

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Clarity Services Introduces Clear Fraud for Online Installment

Clarity Services introduces its newest solution specially designed to predict “intent not to pay” fraud for customer-not-present transactions, Clear Fraud for Online Installment. Available now, the new product offers a powerful score whose performance has shown to more accurately assess online loan application risk.

“The online installment market faces unique challenges because consumers can literally be located anywhere,” said Tim Ranney, CEO and President of Clarity Services. “We’ve augmented the

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Fraud Signature Indicators, The Newest Technology in the Battle Against Fraud

Clarity Services, Inc. is proud to announce its newest tool in the fight against fraud, Fraud Signature Indicators. Based on findings from Clarity’s fraud team, Fraud Signature Indicators identify loan applications that have the characteristics or “signature” of a known fraud perpetrator. Unlike traditional rules and models, these signatures are targeted to specific fraud patterns and behaviors, and are flexible enough to account for changes in the fraudster’s behavior,

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Clarity Services Announces Clear Fraud™, The Next Generation of Fraud Products

Press Release 08/07/2013

CLEARWATER, FL – August 7, 2013 Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America, announces its newest product, Clear Fraud™.

Clear Fraud™ is part of the next generation of fraud products from Clarity. Like its predecessor, Clear Subprime ID Fraud™, Clear Fraud™ goes beyond traditional identity verification to help lenders profile applicants that are unlikely to pay

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