Call Credit

GeoFraud

Predicting fraud, preventing losses

Latest figures reveal that the cost of ID fraud is growing, estimated at £13.6 billion annually. Fraud has a significant effect on profits and effective prevention and management strategies are becoming an increasing priority.

GeoFraud's development was client driven to enable significant redeductions in fraud losses and streamline operational processes.

What is GeoFraud?

GeoFraud is a powerful and unique segmentation tool which accurately identifies the potential risk of fraud at postcode level. Developed in conjunction with DecisionMetrics, who are experts in the development of credit fraud, risk models and scorecards, GeoFraud uses a sophisticated blend of data to produce a postcode level fraud index that can be used to add value at any stage of the customer lifecycle, from acquiring new business to managing existing customers.

GeoFraud is not dependent on specific application level data, which enables wider use across all areas of the customer lifecycle for both credit based and non-credit based applications.

Key benefits

• Built using proven fraud cases
• Available as simple annual licence fee or a pay-per-click basis, delivered as a CD or online
• Helps limit exposure on existing high fraud risk customers
• Reduced customer dissatisfaction
• Simple to implement

Why Callcredit?

Callcredit has an unrivalled understanding of the financial services sector in relation to the prevention of financial crime and has developed a range of innovative solutions. These solutions are enabling major lenders and a host of other blue chip companies to make better decisions, more effectively and manage existing customers more profitably.

Please note: Callcredit provide credit reports for consumers only. We can not provide credit reports for businesses.

To contact the Verification Services team call 0113 244 1555 or email verificationservices@callcreditgroup.com

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If you are already a Callcredit client and need help or advice on any of our products please call our Helpdesk on 0845 120 1222.