Business |
Early Warning Services LLC helps financial institutions and other businesses assess risk when establishing and servicing their customers.
Utilizing the collective knowledge and best practices in fraud management from leading financial services organizations, the company integrates information and technology to fight identity, deposit and payment fraud.
This intelligence is delivered through a suite of Early Warning fraud solutions, resulting in billions of dollars in annual loss avoidance.
Early Warning Services is a limited liability company owned by Bank of America, BB&T Corporation, JPMorgan Chase, Wachovia, Wells Fargo and First Data.
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Executives |
Paul W. Finch, Chief Executive Officer
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Headquarters |
Scottsdale, Arizona |
Employees |
187 |
Inquiries processed |
Over 3.4 billion in 2007 |
Identities screened |
42.2 million in 2007 |
Market |
United States |
Industries |
Financial Institutions, Brokerages, Mutual Fund Companies, Credit Card Issuers, Check Acceptance Companies and others
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Solutions |
For physical and online items presented for deposit or payment at financial institutions, performs validation and status verification of the payer’s checking account.
Responses help detect fraud, prevent losses and expedite funds availability decisions.
Distinguishes high-risk individuals from profitable customers with the end goal of opening more good accounts and reducing costly write-offs.
This service identifies applicants with a prior history of fraud and/or account abuse while also performing identity verification and compliance list screening.
Available to financial services organizations, provides notification of job applicants and employees that have been released by another institution because they knowingly caused or attempted to cause financial loss.
Identifies high risk payments, both physical and online, drawn on checking accounts.
In addition to helping detect fraudulent schemes, this service helps:
- Facilitate payment disposition and open-to-buy decisions for credit card issuers.
- Increase approval rates for check acceptance companies.
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Website |
www.early-warning.com |
