Experian unveils fraud-detection solution

Experian has announced Knowledge IQSM a fraud-detection solution that
integrates data authentication with consumer challenge questions for detecting
fraud and managing the associated risk. This merges two essential elements
precise ID and knowledge IQ in the fight against fraud. Knowledge IQ resides
within, and is powered by Experian's well-known Precise IDSM suite of identity
authentication and fraud-detection tools. Knowledge IQ assesses risk by posing a
series of challenge questions to an applicant to enable a client to assess the
consumer's identity risk.

"The integration of a scoring component to assess applicant risk coupled with
challenge questions will make for a powerful tool in the detection and
prevention of fraudulent activity," said Robert Boxberger, Executive VP,
Washington Mutual Card Services.

"The integration of Precise ID and Knowledge IQ will provide benefits to
users, including quicker detection of potential fraud, reduced operational
expenses and improved risk management," said Gary Kearns, President-Decision
Analytics, Experian.