Financial institutions use a specific technology to verify identities before processing certain types of transactions. Ultra Identity monitors these processes to determine if the transaction is associated with your personal data. Our application and transaction monitoring can help detect suspicious uses of your identity. Examples of the type of activities monitored include:
High-Risk Transactions
Transactions that involve large dollar amounts like wire transfers, car rentals, and tax returns
Account Openings
Openings of different types of accounts like credit card accounts, education loans, and utility accounts
Password Resets
Requests to reset the password for certain types of accounts
Account Updates
When someone attempts to change the personal information, like email address, phone number, and address, associated with an account
Claims Application
When someone requests a distribution from a financial account or insurance policy including distributions of funds or claim filings