UI Eligibility suite of services delivers verification data sets and authentication tools to help identify and prevent imposter and fraudulent claims
Equifax, announced a new solution set designed to help state unemployment agencies identify and prevent potential instances of unemployment insurance (UI) fraud. To address the concerns about rising reports of potential fraud and misdirected payments which create delays in payments for workers in need, the UI Eligibility suite of services provides data-based solutions and authentication tools that can be implemented quickly and without requiring significant upgrades to existing state agency technology.
“The dramatic increase in need and the new opportunity for self-employed individuals to file for unemployment insurance under the CARES Act has contributed to a significant increase in unemployment-benefit fraud,” said Juan Cole, vice president, Equifax Government Solutions. “After consulting with multiple state government officials, we have been able to align solutions and data sets to help states identify potentially fraudulent applications in order to allow them to process the extraordinary surge in claims efficiently and accurately, getting benefits quickly into the hands of those making valid claims.”
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Equifax products and data sets offered through UI Eligibility are designed to help mitigate synthetic fraud risk, streamline the identity process and provide more visibility into UI claim eligibility. With fraud and verification solutions in place, benefit decisions for those who qualify can be made more quickly and efficiently. Claims that qualify for initial or continued benefits can pass through the process more quickly, as those with potential fraud or overpayment markers are flagged for closer validation. Such use of diverse data sets can help state unemployment agencies to focus on what matters most, processing claims for those in need.
The UI Eligibility suite of services is designed to:
Identify potentially fraudulent claims at the point of application for unemployment benefits. Equifax offers a comprehensive suite of identity, authentication and fraud prevention services that are trusted by the nation’s largest financial institutions, telecom companies and government agencies. Real-time fraud decisioning and detection tools can execute multiple verifications of a claimant’s identity in milliseconds and validate that claimant information is legitimate using insights from multi-dimensional data sources.
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