Company Overview

IDMatrix is a comprehensive verification solution that accurately verifies identity details in seconds in real time. It integrates with more than 30 data sources and offers a range of delivery channels to suit your organization's internal systems. IDMatrix is a versatile solution that can be used for identity verification, fraud prevention, customer onboarding, and much more.

IDMatrix offers a significant advantage over traditional identity verification methods. It is completely automated and, therefore, much faster and more accurate. It also eliminates the need for manual data entry, which can be error-prone. IDMatrix is particularly well suited to organizations that need to verify large numbers of identities quickly and accurately, such as online retailers, banks, insurance companies, and government agencies.

If you're looking for a reliable and efficient way to verify identity details, IDMatrix is the solution for you. The platform is highly configurable, allowing you to customize business rules, data sources, workflows, and many other metrics to match your organization's compliance requirements and risk profile. IDMatrix is a cost-effective solution that can save your organization time and money while improving your customer experience.

The reporting portal offers comprehensive reporting capabilities, allowing you to keep an audit trail of previous transactions, view scorecard performance, and view data source performance. IDMatrix is constantly evolving, with new data sources and delivery channels being added on a regular basis. The platform is also backed by a team of expert support staff who are always on hand to answer any questions you may have.

Whether you have an obligation under the Anti-Money Laundering and Counter-Terrorism Financing Act to Know Your Customer, need to meet ARNECC's Verification of Identity Rules, or want to establish different trust with your customers, IDMatrix has a solution for you.

Type Of Consumer Data Collected

IDMatrix collects a variety of consumer data, including:

• Contact Information: Name, address, email, and phone number. 

• Demographic Information: Age, gender, and interests. 

• Financial Information: Income, assets, and credit history. 

• Transaction History: Purchase history and account balances. 

• Identity Information: Government-issued ID and passport. 

How Is Consumer Data Collected?

IDMatrix collects consumer data from a variety of sources, including:

• Public Records: Birth certificates, marriage licenses, property ownership records

• Government Agencies: Social security administration, department of motor vehicles

• Credit Bureaus: Experian, Equifax, TransUnion

• Utility Companies: Electric, gas, water, telephone

• Retailers: Online and brick-and-mortar stores

• Data Providers: Acxiom, Infogroup, Intelius

• Banks and other financial institutions

How Is Consumer Data Used?

Consumer data is used in a variety of ways, including:

1. To verify Identity: Confirm the name, address, date of birth, and social security number.

2. To prevent Fraud: Detect and prevent fraudulent activities. 

3. To assess Risk: Determine creditworthiness and loan eligibility. 

4. To comply with Regulations: Meet KYC/AML requirements. 

5. To target Marketing: Send targeted advertisements and promotions.

Does IDMatrix Sell Consumer Data?

No, IDMatrix does not sell any data. They may share consumer data with the following types of third parties:

• Service Providers: Companies that provide services to IDMatrix, such as data storage and processing, customer support, marketing, and fraud prevention.

• Partners: Companies that work with IDMatrix to offer joint products or services, such as banks or retailers.

• Affiliates: Companies that are owned or controlled by IDMatrix.

• Law Enforcement: Government agencies or other third parties when required by law.

The Rights Given Under CCPA, FCRA, GDPR, And DPA

The California Consumer Privacy Act (CCPA), Fair Credit Reporting Act (FCRA), General Data Protection Regulation (GDPR), and Data Protection Act (DPA) each provide consumers with certain rights concerning their data.

These include the right to know what personal data is being collected, the right to have that data erased, the right to opt out of the sale of personal data, and the right to object to or restrict the use of personal data.

How To Request Deletion Of Your Data?

You can contact IDMatrix and request the deletion of your data by emailing info@idmatrix.com.

To protect the security of your data, IDMatrix may need to verify your identity before deleting it. Please provide your full name, email address, and telephone number when making your request.

IDMatrix will respond to your deletion request within 30 days. Please note that even after the deletion of data, the company may still retain some data about you. This is necessary to prevent fraud and comply with legal obligations.