TASCET

No other industry sector faces the level of government regulations surrounding the identification of customers as that faced by the financial services industry. Ironically compliance with federal regulations requires financial institutions to be heavily dependent on the government-issued identifiers and documents presented by individuals to assert an identity. However, these documents lack the information needed to identify an individual and, as a result, have been proven to be vulnerable to fraud.

TASCET provides a solution for identifying customers, non-customers and employees to meet regulatory compliance, prevent identity fraud and build consumer trust. A Certified Financial Identity is the result of a process that incorporates physical characteristics and certification in TASCET to identify an individual and confirm that the identity is unique. Certification in TASCET prevents the use of multiple identities to fraudulent receive financial services and enables the issuance of a Certified Financial identifier, a unique number that binds the individual to his or her financial accounts. The identifier can be used in place of the Social Security number for customer identification and matching purposes, and enables future identity verification for transactions.

The benefits for financial institutions are realized in compliance, customer and marketing efforts, and operations. Identifying customers through certification in TASCET facilitates compliance with the USA PATRIOT Act (Customer Identification Program) and the FACTA Red Flags Rule. Certification and proactive identity protection enhances customer service, builds consumer trust, strengthens loyalty among existing customers and attracts new customers. Finally, identification using physical characteristics and certification provide customer convenience, operational efficiencies and support technology leadership in building the infrastructure needed for identification and customer verification in the future.

Identifies customers, non-customers and employees
Prevents the use of multiple identities to commit identity fraud
Protects the privacy and security of customers
Prevents annual losses due to identity fraud
Enables Know Your Customer compliance and the issuance of a unique identifier

Privacy Centric Operation and Services
Reliable / High Volume Identification Services
Service Oriented Architecture for Flexible Third Party Adoption
Multi-modal Biometric Platform
Hardware and Software Agnostic
Data is secure with end-to-end encryption and strong authentication
Industrial security methodologies (including security policies, encryption, key management, PKI, etc. )
Applies International and National Biometrics Standards and Requirements