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#1895448 - 02/10/14 05:50 PM Only State ID and DL as Primary IDs
Juby Offline
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Joined: Jul 2009
Posts: 218
I am researching a proposal to only accept state IDs and driver licenses as primary identification. This would also exclude US passports. The reason would be that information obtained for new accounts is verified through FIS Qualifile, which only verifies state IDs and licenses. I am trying to determine what customer impact this might have. Note - we already exclude foreign passports.

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#1895466 - 02/10/14 06:32 PM Re: Only State ID and DL as Primary IDs Juby
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
For a specific number of accounts you might not have been able to open, identify those opened depending upon U.S. passports since October 1, 2003.
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#1895475 - 02/10/14 06:41 PM Re: Only State ID and DL as Primary IDs Juby
JacF Offline

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Joined: Nov 2001
Posts: 6,719
PA
Qualifile verifies (confirms that the name matches) ID for some states, but only validates (confirms that the DL number is in the proper format) ID for others.

If your policy calls for verification, but Qualifile can only provide validation, you may be eliminating another subset of potential customers based on the state that issued their ID.

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#1895481 - 02/10/14 06:48 PM Re: Only State ID and DL as Primary IDs Juby
SunnyFL, CRCM Offline
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Joined: Sep 2004
Posts: 205
FL
I guess alot depends on who you want to do business with and how you write your CIP. In my area we accept foreign and U.S. passports because we have a large "winter" population from Mexico and Canada who open accounts. Be careful also about thinking all your drivers licenses and ID's from other states are being "verified". Check with FIS on their DL State Files. It is my understanding that only a handful of states share their DL databases with "ID verification" companies. If you look at several inquiries from other states you will probably see that the person has a valid drivers license "format". It doesn't necessary verify the validity of the ID. However, on the other hand, passports are not verified either.

Your CIP needs to identify the types of identification you feel comfortable with for your area and your market as well as the risk you want to take. Our CIP states that we require "an unexpired Government issued photo identification" such as D.L., state I.D., military ID, passport, U.S. alien registration card. If we accept a foreign passport (which we do quite readily) it has to have a U.S. entry stamp in the passport.

There is no way to verify 100%, the identification of the person sitting across the desk from me but I have to take reasonable and practical measures and follow the guidelines set out in my CIP when the account is opened. This has worked very well for us in the past 10+ years CIP has been around but each financial institution sets its own standards.

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