• Related Information
• Closed System

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• Elimination Of Fraud

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• Features And Benefits

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• Client Benefits

Confirm™ Closed System

Valuable Benefits of Closed vs. Open System

By definition, third-party confirmations are returned to the requestor and not the financial institution’s client, therefore, it is within the identity of the requestor/recipient that the ultimate exposure to fraud exists.

Capital Confirmation creates a "Closed" confirmation process that reduces fraud by independently validating the requestor and recipient of private client information and provides a traceable "paper trail" of each user’s activities. All paper-based confirmation processes are "Open" meaning anyone, anywhere can send in a confirmation request with no validation of their identity required. This paper-based process creates a huge exposure to fraud for a financial institution and with it a massive potential liability given the recent emphasis and demand by both the regulatory agencies and the public to protect privacy.

To find out more, contact:
Dave Malone, Vice President Financial Institutions
Dave.Malone@confirmation.com
Phone: 1-888-716-3577