Websites using TruValidate

Okay, let s break down TruValidate, a product offered by TransUnion, covering its overview, revenue, alternatives, pricing, and customer care details.

TruValidate Overview

TruValidate is a suite of identity verification and fraud prevention solutions offered by TransUnion, a global information and insights company. It s designed to help businesses verify the identities of their customers and protect against fraud throughout the customer lifecycle.

Here s a more detailed look:

• Core Functionality: TruValidate focuses on validating the information provided by customers against various databases and sources to confirm their identity and detect potential fraud. This includes checks on personal information like name, address, date of birth, social security number (or equivalent), and device information.
• Key Features:
  • Identity Verification: Real-time verification against a vast network of data sources.
  • Fraud Detection: Advanced analytics and machine learning to identify suspicious patterns and potential fraud.
  • Authentication: Multi-factor authentication options for secure access.
  • Device Risk Assessment: Analyzing device characteristics to identify potential fraud.
  • Compliance: Helps businesses meet regulatory requirements related to KYC (Know Your Customer) and AML (Anti-Money Laundering).
  • Workflow Automation: Streamlines the verification and authentication process, reducing manual effort.
  • Global Coverage: Supports identity verification across multiple countries and regions.
• Target Customers: TruValidate serves a wide range of industries, including:
  • Financial Services (banks, lenders, insurance companies)
  • E-commerce
  • Healthcare
  • Government
  • Telecommunications
  • Gaming
  • Travel

Revenue (Estimated)

TransUnion does not break down the revenue of TruValidate specifically in its financial reports. However, TruValidate falls under the Emerging Verticals or International segments. TransUnion s overall revenue is in the billions. While it s difficult to give a specific figure for TruValidate, it s a significant contributor to the company s overall identity and fraud solutions business, which is a substantial portion of their total revenue. You d have to look at TransUnion s public financial reports and their investor briefings to see the specific overall revenue for the segment that contains TruValidate.

Alternatives

The identity verification and fraud prevention space is competitive. Here are some leading alternatives to TruValidate:

• LexisNexis Risk Solutions: Provides similar identity verification, fraud detection, and risk management solutions, and is a strong contender with robust data sets.
• Experian: Offers identity verification and fraud prevention services with a strong focus on credit data.
• Equifax: Another major credit bureau offering identity and fraud management solutions.
• Jumio: Specializes in AI-powered identity verification, including document verification and facial recognition.
• Socure: Known for its robust identity verification and risk scoring platform, leveraging machine learning.
• Onfido: Offers AI-powered identity verification and KYC solutions, particularly strong in document verification.
• ID.me: Focuses on digital identity verification and credential management, often used for government and healthcare services.
• Veriff: Provides online identity verification services using a variety of methods, including document and biometric verification.
• Auth0 (by Okta): Primarily focused on authentication and authorization, but also offers identity verification features.

Pricing

TruValidate s pricing is not publicly available as it is customized based on the specific needs of the client. Factors influencing cost include:

• Volume of transactions: Higher volumes typically lead to lower per-transaction costs.
• Specific services used: The specific combination of identity verification, fraud detection, and authentication features impacts the cost.
• Data sources accessed: Some data sources may have associated fees.
• Customization: Additional customization or integration work may impact pricing.
• Contract duration: Longer contract terms can sometimes provide better pricing.

To get specific pricing, you will need to contact TransUnion s sales team and discuss your organization s needs and estimated transaction volumes.

Customer Care Details

TransUnion is a large, established company with various customer care options:

• Dedicated Account Managers: Businesses are typically assigned account managers who serve as the primary point of contact.
• Technical Support: Technical support teams are available to assist with implementation and integration.
• Customer Support Portal: A secure online portal often provides access to documentation, support articles, and the ability to submit support requests.
• Phone Support: Direct phone support is usually available during business hours.
• Email Support: Email support is typically an option for less urgent requests.
• Training: TransUnion may offer training programs for clients to maximize the effectiveness of TruValidate.
• Implementation Support: Support teams can provide assistance with the initial setup and deployment.

To find specific customer care options or if you need immediate support, you should consult the TransUnion website, contact your assigned account manager (if you are a client), or look for contact information in your service agreements.

Summary

TruValidate is a robust suite of identity verification and fraud prevention solutions from a major player in the industry, TransUnion. It is used in many industries to protect both the business and consumer from fraud. While pricing is not public, it is customized depending on specific customer needs. Customer support is generally good with multiple methods of contact. However, there are a lot of alternatives in the marketplace that also offer similar services.

If you re considering TruValidate, be sure to:

1. Contact TransUnion directly for a personalized quote and demo.
2. Evaluate your specific needs carefully.
3. Compare TruValidate with the alternatives to find the solution that best fits your budget and requirements.

This overview should give you a good starting point. Let me know if you have any other questions.