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Experian Adds Mastercard’s ID Verification Tool to Ascend Platform

  • Experian has integrated Mastercard's identity verification and fraud prevention technology into its Ascend analytics platform.
  • This collaboration will enhance identity verification services for over 1,800 Experian customers across industries like financial services, automotive, health, and digital marketing to combat fraud and cybercrime.
  • Identity verification is crucial in combating fraud, with 96% of decision makers recognizing its significance. However, 27% of businesses note that their current verification strategies impact legitimate customers negatively.
  • Regulators like the Federal Reserve are aiming to address the rise in check fraud, emphasizing the importance of robust identity verification processes to combat financial crimes.

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