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Experian, a global information solutions company, releases Precise ID, a fraud management platform. Precise ID combines identity authentication tools and analytics to produce fraud scores for application fraud and identity screening. Sophisticated analytics classify and score potential fraud, and recommend the most effective, efficient treatment. "With fraud attacks constantly changing, Precise ID provides financial institutions the power to adapt their systems quickly, minimize fraud losses and not slow transactions initiated by the good customers with whom our clients want to do business," says Marc Kirshbaum, president, Experian Fraud Solutions. Results show that Precise ID can reduce fraud losses and operational management costs. One validation performed for a large retail card company showed its fraud capture rate increased from 25 percent by using the company's internal models to greater than 46 percent using Precise ID, Experian reports. For more information about Experian Fraud Solutions, call 888-217-6064.