InstantID Business Report

LexisNexis® InstantID® Business is a verification system that reports the degree to which a set of input business elements match the business entity information on record at LexisNexis® Risk Solutions.

Report and Results Elements and Icons

Reports and results contain elements that provide information to help you complete additional research actions.

For a list of possible elements, see Report and Results Element Descriptions.

For a list of possible icons, see Report and Result Action Icons.

Reports and results may contain risk indicator flags. Risk indicator flags indicate a potential risk that may need further investigation. For information about risk indicator flags and other informational icons, see Informational and Risk Indicator Icons.

note.pngDepending on your product subscription and administrative settings, you may not have access to the report or some of the information in the report.

Report Section Descriptions

The following table contains descriptions for each section of the report.

Report Section Descriptions
Section Description
Header Information This section provides general information about the report.
Generated On
This line displays the date and the time when the report was generated.
Search Terms
This line displays the search terms that you entered into the search form.
Summary This section provides an overview of the company or the authorized representatives that includes the following information:
  • Name
  • Address
  • LexID®
  • TIN (taxpayer identification number)
    note.pngThis field can also return a FEIN (federal employer identification number) or a SSN (Social Security number).
  • Phone number
Business This section provides information about the business that includes the following information:
Business Verification Index
The BVI (business verification index) is a numeric value that ranges from 0 through 50 that ranks the verification of a business entity.
Potential Risk Indicators
The report can return up to eight potential business risk indicators. See InstantID Business Business Risk Indicators for a complete list of potential risk indicators.

The additional five indexes (Phone Source, Bureau Verification, Government Registrations, Public Record Filings, and Business Directories Verification) indicate the sources that verified the business entity.

Verified and Supplemental Business Information
This section may indicate whether the input information was matched and verified.
This section may provide supplemental and additional data about the business.
Watchlist Data Returned
This section provides information when a watchlist match is found, including the watchlist name, the record number, the address, and the entity name.
Residential Business Indicators
The report can return one residential business risk indicator.

Possible values:

  • N/A
  • Commerical Address-No residential address is associated with the business
  • Potential Sole Proprietor-Associated with a residential address and has no SOS registrations on file
  • Potential SOHO Small Office/Home Office-Associated with a residential address and a SOS registration is on file
Compliance Information
This section provides compliance information, including SOS (Secretary of State) information, SIC (Standard Industrial Classification) information, NAICS (North American Industry Classification System) information, and other public record information.
Parent Information
This section provides information about the business's parent company, including the LexID business number and the best match for the business name.
SBFE Information
This section provides Small Business Financial Exchange (SBFE®) information, including the first time and the last time that the business appeared in SBFE records and the number of accounts that are in SBFE records.
Authorized Representative This section provides information about the authorized representatives.
note.pngInstantID Business can verify up to five authorized representatives who are associated with the business. Information about each authorized representative is displayed in a separate section.
Search Terms
This line displays the search terms that you entered into the search form.
Comprehensive Verification Index
The CVI (comprehensive verification index) is a numeric value from 0 through 50 that summarizes NAS (name, address, and SSN) verification and NAP (name, address, and phone number) verification. The index is designed to indicate whether the input data exists in other sources and whether the data is associated with the same identity.
Potential Risk Indicators
The report can return up to 10 potential authorized representative risk indicators. See InstantID Business Authorized Representative Risk Indicators for a complete list of possible risk indicators.
Verification Summary
A verification summary is provided by source groups to indicate the sources that verified the authorized representative.
Business to Executive Relationship Index
The Business to Executive Relationship Index is a numeric value that ranges from 0 through 50 and is derived by jointly matching the authorized representative and business information to LexisNexis Risk Solutions identity data. The index is used to determine the relationship between the authorized representative and the business. The index does not indicate whether the business is legitimate.
Findings

A description is returned for each provided record. The description provides further information about how each record was verified.

Possible values:

  • The input authorized rep’s first and last name matches the first and last name of a business contact on record.
  • The input authorized rep’s SSN matches the SSN of a business contact on record.
  • The input authorized rep’s address matches the personal address of a business contact on record.
  • The input authorized rep’s SSN matches the business FEIN on record.
  • The input authorized rep’s address and first or last name matches the business’ address and part of the name on record.
  • The input authorized rep’s address matches the business address on record.
  • The input authorized rep’s first or last name appears as part of the business name on record.
  • The input authorized rep’s phone matches the business phone on record.
  • The input authorized rep’s SSN is the same as the input business FEIN.
  • The input authorized rep’s address and first or last name is the same as the input business’ address and part of the name.
  • The input authorized rep’s address is the same as the input business address.
  • The input authorized rep’s first or last name appears as part of the input business name.
  • The input authorized rep’s phone is the same as the input business phone.
  • The input authorized rep cannot be linked to the business.
Authorized Representative Role in Business
This section indicates the title that the authorized representative holds at the company.
Verified and Supplemental Representative Information
This section may indicate whether input information was matched and verified.
This section may provide supplemental and additional data about the authorized representative.
Watchlist Data Returned
This section provides information when a watchlist match is found, including the watchlist name, the record number, the address, and the entity name.
Follow Up Actions
The report can return follow-up actions.
Possible values:
  • N/A
  • Follow your internal policy regarding potential matches to OFAC database information
  • Verify name with Social (via SSN card, DL if applicable, paycheck stub, or other Government Issued ID)
  • Verify phone number (Directory Assistance, Utility Bill)
  • Verify name with address (via DL, Utility Bill, Directory Assistance, Paycheck Stub, or other Government Issued ID)
  • Follow your internal policy regarding potential matches to non-OFAC global screening lists.
  • Ask customer for a utility bill or other documentation showing a physical address location. CIP rules do not allow booking an account with a PO Box as a primary address.
  • ITINs are not to be used for ID purposes. Please consult your organization’s policy.