Red Flag Rules Solutions

Prevent, Detect and Mitigate Identity Theft

Minimize your company’s risk with comprehensive identity theft solutions to support your Red Flag Rules Program

The Red Flag rules for identity theft have been put into effect per the Fair and Accurate Credit Transactions Act (FACTA), Section 114. It states that all financial institutions and creditors must have a written plan to prevent, detect, and mitigate identity theft in relation to its new and existing covered accounts by the November 1, 2008 deadline. This legislation applies to all banks, credit unions, U.S. branches of foreign banks and lenders, mortgage lenders, thrifts, and other creditors, such as utility companies, telecommunications companies, health care companies and debt collectors.

Merchants’ SmartIDentity suite of Identity Theft Management and Recovery Solutions supports your Red Flag Rules Program and helps ensure it complies with the following FACTA requirements:

• Identify relevant patterns, practices, and specific forms of activity that are “red flags” signaling possible identity theft and incorporate those red flags into the program
• Detect red flags that have been incorporated into the program
• Respond appropriately to any red flags that are detected to prevent and mitigate identity theft
• Ensure the program is updated periodically to reflect changes and risks from identity theft

To complement your organization’s compliance objectives, we offer valuable supplements for your Red Flag Rules Program. Select from the following menu of options and we’ll help you tailor a program to fit your needs:

Fully-Managed Recovery Professionally-trained FCRA Recovery Advocates Customized Recovery Plans Dispute resolution assistance Advocate restoration assistance until pre-event status is reestablished Pro-active follow-up for 12 months Family Protection All the benefits of Fully-Managed Recovery can be extended to a spouse, domestic partner, and/or qualified dependents (up to age 25 sharing enrollee’s address) Credit Monitoring Daily credit monitoring and alerts Access to credit report and score Identity protection education and credit report evaluation assistance Expense Reimbursement Up to $25,000* in reimbursement with no deductible Up to $6,250 per week in reimbursement for lost wages

Identity Screening Identities “low-risk” and flags ”high-risk” applicants in real time Robust search and score methodology verifies the integrity of identity information presented by applicants Identity Monitoring Provides historical baseline plus monthly updates 360-degree view of an ID (credit & non-credit data) Access to an Integrity Risk Score & SSN Analysis to guard against potential “true name” identity theft Provides warnings of unusual activity and potential explanations for activity

View the Red Flag Rules, Section 114 of the FACTA

For more information call 1.866.SMART.68 (1.866.762.7868).

Or Click here to request more information.

*Insurance underwritten by member companies of American International Group, Inc. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Coverage not available to residents of New York and may not be available in other jurisdictions