Corporate ENTERPRISE DATA SOLUTIONS:

Reduce Risk, Fraud, and Bogus Registrations with FraudGate 1.0

The automated Business Validation Gateway is designed to separate Consumers from legitimate Businesses, and then validate various business data points to reduce fraud, risk and bogus new account registrations. This Real Time process is accomplished largely by matching and analyzing data points submitted on the registration form, and then validating against several outside premium data sets.

The system takes in Re-gistration Form data, and analyses and cross matches each field entry beginning with the ip address. The system will seamlessly match ip location versus stated location and phone, and then cross match phone to company name and EIN / TIN to the remote EIN Database. Records that pass all these criteria are largely legitimate, with the balance needing some manual authentication before approval.

Business rules will be in place to “score” the validity of the business.  Simply asking for some of this information will move non-business users from requesting a business account to signing up for a consumer account, so the incoming volume will drop.  All others will pass through the rule set and, based on scoring we define, will either auto-validate or pass to agents for manual follow up.  Using the following business rules to validate whether the customer is or is not a valid business will result in roughly 85% of VALID businesses passing through with no manual checks required:

Main User Inputs

• Employer Identification Number (EIN) or Taxpayer Identification Number (TIN)
• Social Security Number (without this, we may miss small businesses that have few or no employees beyond the owner)
• Company Name
• Main Phone Number – Reverse to given . stated Company Name
• Main Business Address
• IP Address of user logging into the site matching to stated GEO

Rules

• EIN and TIN matching to company name
• SSN matching to individual name
• Main Phone Number matching to phone number listings in national business listings or live Caller ID Database
• Main Business Address matching to phone and EIN/TIN information
• IP Address matched using IP Geo-location to ensure that the user is in the area listed and to if the domain is in any way linked to the business

Other optional rules are available, such as matching against Secretary of State Business records, Officer SSN listings, state professional licenses and more. In addition, unlock codes can be sent to direct or cell phone numbers to ensure that the user is able to access the phone number listed.

HISTORICAL MATCH RATES

• EIN Overall Average = 45%
• EIN note: EIN is a Maturity Indicator
• Overall Accuracy Compared to W9 Filings = 84.7%
• (study by Home Depot Finance Integration Auditors)
• Medical = 83%
• Public Companies = 94.2%
• Established Mature Employers 50+ Employees = 61.2%
• Small Employers – Under 50 Employees = 38.1%
• Micro-Business – 10 and Under Employer – Private = 27%
• Micro-Business via SSN & TIN # by Owner Name = 39%
• Overall SSN Match Rate on SSN Reverse  = 83%
• Gap Coverage Areas – Micro-Business, new and un-established, single proprietor, EIN and/or under age 27
• Overall Fraudulent Application  Reduction = 78%

For more inforamtion please call:
800-229-8280  ext 110
Robin Lahiri, President
robin@libertydata.net

FEIN-API Integration – White Paper

Integrate our EIN & SSN Verification data into your applications, website or Corporate Intranet

To seamlessly access 15 million business EIN database from your own software applications FEINSearch.com offers XML-based web service technology that will allow you to integrate real-time EIN data directly into your applications.

FEINsearch.com will provide your IT department with all the necessary documentation and specifications in order for your software application to either locate or verify a Tax ID. Your application retrieves the EIN data from our database in real-time and returns it to your user. Both forward searches (search by company name and address) and reverse searches (search by EIN) are available.

FEIN-API, is a remote processing solution dedicates the processing power necessary to handle any high-volume searches and can be accessed by virtually any computer or mainframe system. With FEIN-API, unnecessary labor costs are eliminated, as searches can be completely automated to provide efficient data retrieval. FEIN-API can also eliminate the need for a large capital investment. It offers the same flexibility and conveniences as an in-house database without the costs associated with additional computer hardware, data acquisition, development and maintenance. API allows software makers to extend the functionality of their software application

Because our API is based on Web services architecture, we are cross-platform compatible. Our objects, features and functions can be added into any software, regardless of whether that software is coded in Java, C++, and PHP, ASP.NET or any other language! Due to the expanding prevalence of Web service support, our objects are easily inserted into your software using standard IDEs for easy dissemination of the available functions.

• Total interface control.
• Flexible, customizable search capability.
• Volume pricing.
• XML Based non-soap API.

FEIN –API supports following API CALLS.

Search By EIN: This call searches for the EIN Number in the database. It performs an exact match of the EIN.

Search By Phone: This call searches for the Phone Number in the database. It performs an exact match of the Phone number.

Search By Company: This call searches for the Company name in the database. You can also optionally provide a state name and/or a zip code to limit the search only to that particular state or zip code. The API performs an exact match of both the state name and the zip code.

Search Types: This call provides two types of searches:

1. STARTS_WITH

2. CONTAINS

In case of STARTS_WITH, the search string is matched at the beginning of each company name. Whereas in case of CONTAINS, the search string is matched anywhere in the company name.

Count By Company

This call is similar to Search By Company but it only returns the number of matched records. This call searches for the Company name in the database. You can also optionally provide a state name and/or a zip code to limit the search only to that particular state or zip code. The API performs an exact match of both the state name and the zip code.

Search Types:

This call provides two types of searches:

1. STARTS_WITH

2. CONTAINS

In case of STARTS_WITH, the search string is matched at the beginning of each company name. Whereas in case of CONTAINS, the search string is matched anywhere in the company name.

STANDARD API / XML USER Questions:

Before the correct pricing and application package can be suggested for XML access to our EIN / SSN / TIN Validation Databases, a number of basic questions help us to understand your needs and requirements follow below.  A Corporate representative will be devoted to your account to discuss your solution options and the following questions, to design a solution that adapts to your needs and budget.

1. Anticipated volume of EIN queries per month?

2. Anticipated volume of SSN queries per month?

3. Number of users and seats required for Web access to FEINSearch.com ?

4. Will data be re-sold, re-transmitted or released to 3rd parties? Please describe

5. Use purpose & application: Fraud Prevention, Compliance, Validation for Credit, ID Verification, 1099 / IRS Forms, Govt. Compliance, AML Anti Money Laundering, CIP (Customer Identification Program)

6. Data Security: If data will be stored in house – please provide your IT Security Process and any Certification proof including SAS-70 Certifications

7. Will any 3rd party vendor, contractor, consultant have access to the EIN data or any data provided by FEINSearch.com?

8. Are DVD, CD Rom and USB ports all operating in the data centers?

9. If so what security process protects “walking data”?

10. We process Batches fast and easy for EIN. Do you have a backlog Batch we can process for you?

11. Will small business or larger business be queried for EI ?

12. Are your subjects mid-sized and larger companies ?

13. If small businesses are often the subject of validation or matching needs, we can validate, officer name, State Registration Status, Phone, SSN, IP address and more.

14. In the case of small business – we use SSN of officers.

15. Will usage grow over the months? State anticipated volume

16. Volume Accounts normally require a license fee and an Annual or 3 Year Data License. Are you authorized to make these decisions, or will other Officers be required to approve purchase?

Contact: Robin C. Lahiri
888-996-6253
for Pricing, Rates, Options and additional Data Services

robin@libertydata.net