LexisNexis Risk Solutions Awarded 'Best Identity Verification/Authentication Solution' at 2021 CNP Awards

Rhea-AI Summary

LexisNexis Risk Solutions, a subsidiary of RELX, received the Judge's Choice award for the Best Identity Verification/Authentication Solution at the 2021 CNP Awards. This award recognizes companies that effectively authenticate cardholders in digital environments. With a focus on enhancing consumer trust, LexisNexis employs advanced identity verification technologies that include biometric assessments and digital risk evaluations. The win marks their second consecutive year of recognition in this category, highlighting their leadership in combating digital fraud.

Positive

• Awarded Judge's Choice for Best Identity Verification/Authentication Solution, enhancing brand reputation.
• Recognition underscores leadership in fraud prevention technology, which may drive future revenue growth.

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• None.

ATLANTA, June 8, 2021 /PRNewswire/ -- LexisNexis® Risk Solutions today announced that it received the Judge's Choice award for the Best Identity Verification/Authentication Solution from Card Not Present® at the 2021 CNP Awards. Card Not Present is an independent outlet dedicated to providing original news and information for and about companies operating in the card-not-present space, including e-commerce, media streaming, telecom, travel and gaming/gambling. LexisNexis Risk Solutions operates globally and works with companies of all sizes in these sectors, offering intelligent fraud and identity solutions that provide a seamless customer experience while fortifying against fraudulent activity.

Card Not Present's judging panel includes five card-not-present fraud, risk and payments industry experts. The Best Identity Verification/Authentication Solution award honors the company that most effectively authenticates and verifies the identity of cardholders in a card-not-present environment through directory services, two-factor authentication, 3DSecure or other means.

"Identity verification sits at the very heart of digital commerce and fraud prevention. Merchants who take proactive steps to authenticate their users and implement powerful solutions spend more time making sales and less time chasing down chargebacks and fraud," said D.J. Murphy, editor-in-chief of Card Not Present. "Congratulations to LexisNexis Risk Solutions for their leadership in this area and for winning a Judges Choice award for the second consecutive year – this time in the Best Identity Verification/Authentication category."

LexisNexis Risk Solutions identity and authentication solutions incorporate in-person, remote and mobile identity document capture and authentication with biometric, identity verification and device/digital/behavioral risk assessment. The company's comprehensive fraud and identity solution suite transforms data insights into actionable decisions to provide a holistic view of an identity for enhanced risk assessment and a positive consumer journey regardless of time of day or touchpoint.

"Fraud has only grown in complexity and organizations need a trusted partner with years of experience and consultative wisdom to develop risk-based verification and authentication workflows that work across channels and regions," said Kimberly Sutherland, vice president, fraud and identity strategy for LexisNexis Risk Solutions. "Our solutions turn data and signals into actionable decisions, which sets us apart from others. We empower businesses with the ability to confidently validate and authenticate a consumer's true identity using comprehensive intelligence while also strengthening identity trust between the business and consumer."

Visit the company's website to learn more about its identity verification and authentication capabilities.

About LexisNexis Risk Solutions 
LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers. For more information, please visit www.risk.lexisnexis.com and www.relx.com.

Media Contacts:
Marcy Theobald                  
LexisNexis® Risk Solutions  
678.694.6681   
marcy.theobald@lexisnexisrisk.com  

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SOURCE LexisNexis Risk Solutions

FAQ

What award did RELX's LexisNexis Risk Solutions win in June 2021?

LexisNexis Risk Solutions won the Judge's Choice award for Best Identity Verification/Authentication Solution at the 2021 CNP Awards.

Why is the Best Identity Verification/Authentication Solution award significant for LexisNexis?

The award signifies LexisNexis's effectiveness in authenticating cardholders, enhancing their reputation in the digital fraud prevention market.

How does LexisNexis Risk Solutions contribute to fraud prevention?

LexisNexis implements comprehensive identity verification solutions that enhance customer experience while mitigating fraud risks.

In which sectors does LexisNexis Risk Solutions operate?

LexisNexis operates in various sectors including e-commerce, media streaming, telecom, travel, and gaming.