/ clverify.com / Solutions / iAuthenticate iAuthenticate enables lending institutions to assess a pay day advance applicant’s financial history and borrowing potential. Targeted decision support tools and multiple touch-point verification reports allow lenders to minimize risk and ensure more robust and profitable portfolios. How iAuthenticate Works With the iAuthenticate product bundle, consumer inquiries for a payday advance application are subjected to an automated cross-verification process. Each inquiry touches multiple data points to create a comprehensive applicant profile. Through iAuthenticate, CL Verify’s data network captures data from more than three billion debit account records and nearly thirty billion pieces of demographic and public record information to provide: Up-to-the-minute Payday Advance inquiry and performance records Payday Advance MICR indexed fraud file MICR/Name/Address and SSN/Name/Address verification DDA Fraud Closure File Bank account-opening activity Deposit account collections history Check order history Retail NSF check-writing history OFAC High-risk address Drivers’ license validation and verification iAuthenticate Bundled Reports iAuthenticate includes several individual reports that assist a lender in identifying high-risk customers and more accurately predicting credit default risk. All reports have been developed and validated by statistical scientists, experienced with the most successful score-based fraud and risk solutions in the industry. The iAuthenticate Bundled Reports include: PDA Post Dated Account (payday loan history report) Previous payday advances, advance inquiries, loans paid off, and loans charged off DDA Demand Deposit Account (bank account history report) Historical data on bank accounts, including NSF check writing history, NSF check status, bank account openings, check order history, and bank closures and reasons IDV Identity Validation and Verification Name and address match, SSN match, driver’s license information, phone validation, and MICR match OFAC Office of Foreign Assets Control (verification of consumers on SDN list)