Skip to Content

Press Releases

Dragnet Solutions, Inc. to Offer First Data Confidence Score Solution

NOVATO, CA – Jan. 8, 2013 — Dragnet Solutions, Inc. announced today that it has integrated First Data Confidence Score in its Accelerated InsightSM identity verification service for financial institutions.  Dragnet Solutions customers can now choose to include First Data Confidence Score in the real-time data delivered by Accelerated Insight. First Data is a global leader in electronic commerce and payment processing.

Banks and credit unions use Accelerated Insight to answer three critical questions about account applicants:  Is this person who they say they are? Based on our understanding of their financial history, should we open an account for them? Are they on a government list of people for whom institutions should not open accounts? By adding First Data Confidence Score to Accelerated Insight’s data service, Dragnet Solutions gives institutions the option of receiving a more complete analysis of an applicant’s financial history to help answer the second question.

First Data Confidence Score is an alternative tool that allows clients to use multiple forms of identification to screen applicants and provides access to hard-to-locate information on sub-prime, thin-file, and no credit score consumers. The solution leverages TeleCheck®, the nation’s most complete database of check writer information, which provides affordable, real-time information based on checking account history at TeleCheck merchants and financial institutions nationwide. The information includes extensive financial data that identifies applicants with a history of account abuse and poor maintenance, charge-offs, and fraudulent checks.

With First Data Confidence Score, clients gain a deeper understanding of an applicant’s checking and checking account history. With this insight, banks and credit unions can more effectively evaluate individual financial risk to make better account acquisition decisions.

“The integration of deep consumer insight from First Data Confidence Score into Dragnet’s world-class identity verification tool streamlines a critical process for banks and credit unions,” said Mark Wallin, global product group leader, First Data. “The ease of using one interface to access these powerful informational tools helps clients avoid potential errors from having to re-enter customer information into multiple systems, while it enables more informed up-front decisions about account openings.”

“First Data Confidence Score is an industry-leading assessment tool that helps financial institutions make better decisions about account applicants, especially applicants with little or no credit history,” said Greg Cote, president and CEO of Dragnet Solutions, Inc. “For banks and credit unions to grow profitable accounts while minimizing the risks of charge-offs, they need a thorough understanding of the customer’s financial standing at account opening. First Data Confidence Score is a powerful tool for gaining that understanding in real time, and it dovetails well with the other identity verification and risk/confidence analytics delivered by Accelerated Insight.”

Built on Dragnet’s proprietary discovery system, Accelerated Insight is a real-time identity verification service that helps institutions confidently say yes to more qualified applicants, including those with limited financial histories. Using Accelerated Insight, banks and credit unions can better differentiate customers, grow revenues, and prevent fraud, while complying with regulations such as KYC, the Red Flags Rule, and OFAC.

For a demo of Accelerated Insight, please write to sales@dragnetsolutions.com.

About Dragnet Solutions, Inc.
Dragnet Solutions provides real-time identity verification and document authentication solutions to financial institutions, supporting aggressive account creation and cross-selling activities while cutting operating costs, reducing fraud, and facilitating KYC/CIP, Red Flags, and OFAC compliance. Built on Dragnet’s proprietary discovery engine, Accelerated Insight is the only identity verification solution that gives institutions the real-time ID and risk/confidence information they need to make confident decisions about applicants, including applicants in unbanked and underbanked communities. The company is privately held and headquartered in Novato, CA. For more information about Dragnet Solutions, visit www.dragnetsolutions.com.

 

###

Dragnet Solutions and the Dragnet Solutions logo are trademarks of Dragnet Solutions, Inc. Accelerated Insight is a service mark of Dragnet Solutions, Inc. All other trademarks are the property of their respective holders.

For media inquiries, please contact:

John Bennett
+1-510-495-6590
john.bennett@dragnetsolutions.com

Dragnet Solutions Integrates ATTUS WatchDOG Pro into Accelerated Insight Service for OFAC Checking

NOVATO, CA – November 27, 2012 — Dragnet Solutions, Inc. announced today that it has integrated ATTUS Technologies, Inc.’s WatchDOG® Pro into its Accelerated InsightSM identity verification service for financial institutions. Built on Dragnet’s proprietary discovery system, Accelerated Insight is a real-time identity verification service that helps institutions confidently say yes to more qualified applicants, including those with limited financial histories. Using Accelerated Insight, banks and credit unions can better differentiate customers, grow revenues and prevent fraud, while complying with such regulations as Know Your Customer (KYC), the Red Flags Rule, and now U.S. Office of Foreign Assets Control (OFAC).

WatchDOG Pro, available from ATTUS Technologies, a division of Computer Services, Inc. (CSI) (OTCQX: CSVI), is an industry-leading automated OFAC verification solution. WatchDOG Pro screens entity and individual names against OFAC lists that are updated in near real time, providing institutions with an easy and efficient method for monitoring OFAC compliance. It compares customer and vendor lists against multiple watch lists, including OFAC’s Specially Designated Nationals (SDN) List and Sanctioned Countries List. By law, financial institutions in the U.S. must check OFAC lists before opening accounts for individuals or businesses.

“Our goal is to provide financial institutions with a comprehensive real-time customer-analytics solution for account opening,” said Greg Cote, president and CEO of Dragnet Solutions, Inc. “By integrating ATTUS’ WatchDOG Pro into Accelerated Insight, we’re able to offer a complete, best-of-breed solution to bankers. Now banks and credit unions can verify identity and check the OFAC list with a single real-time service, streamlining the account-opening process while ensuring compliance with federal laws and regulations.”

Compliance demands continue to grow in light of regulatory scrutiny, and for many institutions, managing OFAC compliance remains a very manual process. With the integration of WatchDOG Pro, Accelerated Insight provides the automation that banks and credit unions need to improve efficiency.

“Today’s financial institution leaders face the complex issue of growing profitability while minimizing risk, especially in relation to managing compliance with ever-changing government watch lists,” said Tom Fedell, president and general manager of ATTUS Technologies. “By partnering with Dragnet Solutions, we can alleviate many of the compliance burdens by automating the watch list screening process, which allows banks and credit unions to bring revenue-generating accounts online more quickly and confidently.”

For a demo of Accelerated Insight, please write to sales@dragnetsolutions.com.

About Dragnet Solutions, Inc.
Dragnet Solutions provides real-time identity verification and document authentication solutions to financial institutions, supporting aggressive account creation and cross-selling activities while cutting operating costs, reducing fraud, and facilitating KYC/CIP, the Red Flags Rule, and OFAC compliance. Built on Dragnet’s proprietary discovery engine, Accelerated Insight is the only identity verification solution that gives institutions the real-time ID and risk/confidence information they need to make confident decisions about applicants, including applicants in unbanked and underbanked communities. The company is privately held and headquartered in Novato, CA. For more information about Dragnet Solutions, visit www.dragnetsolutions.com.

 

About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is a trusted partner, simplifying compliance and risk management. The company is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. ATTUS serves more than 5,000 clients with solutions that provide compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), the Bureau of Industry and Security (BIS), anti-money laundering regulations, the Bank Secrecy Act (BSA), the Dodd-Frank Act, Regulation CC and Regulation E. ATTUS, a wholly owned subsidiary of Computer Services, Inc. (CSI), is based in Charlotte, N.C. For more information about ATTUS, visit www.attustech.com.

About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core processing, managed services, mobile and Internet solutions, payments processing, print and electronic distribution, and regulatory compliance solutions to financial institutions and corporate customers across the nation. Exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation, and have resulted in the company’s inclusion in such top industry-wide rankings as the FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 100 Global Managed Service Providers List. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.

###

Dragnet Solutions is a trademark of Dragnet Solutions, Inc. Accelerated Insight is a service mark of Dragnet Solutions, Inc.  WatchDOG is a registered trademark of ATTUS Technologies, Inc. All other trademarks are the property of their respective holders.

For media inquiries, please contact:

John Bennett
john.bennett@dragnetsolutions.com
+1-510-495-6590

New Real-Time Identity Verification Solution Available Now from Dragnet Solutions

“Accelerated Insight” Provides Real-Time Identity Verification for Financial Institutions,
Accelerating Customer On-Boarding, Reducing Fraud, and Facilitating Compliance

NOVATO, Calif., Aug. 31, 2011 – Dragnet Solutions™, the identity verification company, announced today the immediate availability of Accelerated InsightSM, a real-time identity verification solution for financial institutions.  The solution supports aggressive account creation and cross-selling activities while cutting operating costs, reducing fraud, and facilitating KYC/CIP compliance.  Accelerated Insight is offered as a Web service and provides easy, standards-based integration with the information systems that financial institutions already use.  A free trial of Accelerated Insight is available for U.S. financial institutions today.  For more information, visit www.dragnetsolutions.com.

Accelerated Insight uses powerful data-cleansing and fraud-detection algorithms to turn raw, hard-to-interpret consumer data reports into simple, clear decision-making guidance.  Simply submitting a name and current or previous address immediately returns the current address, a correct Social Security Number, and a proprietary exception analysis that helps prevent fraud.  Results are returned in real time—not in daily batches—instantly confirming customer identity and accelerating the on-boarding process.  Accelerated Insight reduces or eliminates error-prone keyboard input, dramatically reduces exception-handling volumes, and measurably improves customer experience.

“Accelerated Insight’s fast and accurate identity verification frees branch personnel to focus on delivering the best possible service and makes customer interactions far more productive and profitable,” said Gary Root, chief executive officer, Dragnet Solutions.  “Additionally, the solution reduces fraud and facilitates compliance with the USA PATRIOT Act and other regulations.”

A Dragnet white paper discussing identity verification solutions for financial institutions is available at www.dragnetsolutions.com.

About Dragnet Solutions
Dragnet Solutions provides real-time identity verification solutions to financial institutions, supporting aggressive account creation and cross-selling activities while cutting operating costs, reducing fraud, and facilitating KYC/CIP compliance.  Dragnet is privately held and headquartered in Novato, Calif.  For more information, please visit www.dragnetsolutions.com.   

###

Dragnet Solutions is a trademark of Dragnet Solutions, Inc.  Accelerated Insight is a service mark of Dragnet Solutions, Inc.  Other names may be trademarks of their respective holders.

Media Contact:

John Bennett
+1 (510) 495-6590 office
john.bennett@dragnetsolutions.com