Red Flag Compliance Tool Features

    The Red Flag Compliance Tool has an easy to follow format that will make the Compliance resolution process easy to complete. The Tool has been developed to be intuitive and to minimize the training required to make users productive.

    There are two versions of the Red Flag Rules Compliance Tool available. Both the Express and Comprehensive versions
    have the following features:

  • Ability to enter necessary customer information through an input screen or by scanning the Customer’s driver’s license into a scanning device.
  • A task list describing each task that needs to be completed before the Red Flag Rules can be satisfied and Compliance can be achieved.
  • A comprehensive Customer Compliance Summary Report that includes the customer address information, a Red Flag Compliance Summary, an OFAC summary, and, if necessary, a Red Flag Rules Compliance Discrepancy summary. The front of the Drivers License can be printed thus avoiding using a copy machine to make a copy.
  • A Red Flag Scoreboard that gives a running total of how many Red Flag rules are in each various stage of compliance.
  • A Notes function to identity information that may need to be reviewed later or can be printed with the Customer Compliance Summary Report if needed to explain discrepancies
  • A “Not Unresolved” button that when clicked will display the various Red Flag Rules that are Non Compliant or Not Resolved. For
    each rule, a How to Resolve button can be clicked that will give detailed instructions on how to satisfactorily resolve that particular
  • Provide a simple set of Yes/No questions that can help verify the customer’s identity and resolve many of the Red Flag Rules.
  • The ability to do a more comprehensive OFAC verification than the traditional character by character method does.
  • An easy to use Help feature that minimizes training and speeds task completion.
  • Verifies that Customer’s Social Security Number has actually been issued and the state the SSN was issued in.
  • Driver’s License number provided by customer is an incorrect format for that state.
  • Checks the City, State Zip Code combination to verify it is valid.
Next Page

News & Events

  • 26Jan

    Automotive News
    Vendor Don Pavoni of Infinity has an idea for helping dealers comply with 2009 Federal Trade Commission rules to combat identity theft. His finance-department software program flashes a red flag anywhere there is a potential compliance problem on a sales contract.

  • 18Dec

    Obama Signs Red Flags Bill
    The Red Flags Exemption law was passed to help define what organizations must comply with the Red Flags Rule. With the passing of this law, enforcement will begin January 1st, 2011.

Our Services

  • Complete Red Flag Identity Verification
  • Quick and easy Identity Theft Prevention Plan
  • Comprehensive OFAC Verification free of charge
  • Full Testing and Training module
  • Automated Discrepancy Report feature
  • Automated Adverse Action Letters
  • Risk Based Pricing Notices