New ID authentication tool uses nontraditional data sources.

• Position: Authentication methods - Brief Article

How long have you lived in the municipality? Do you own any real estate? What type of motor vehicle do you own?

With unintrusive questions like these, a new product called Instant ID Q&A allows banks to reliably and instantaneously authenticate a customer's identification, according to the provider, LexisNexis of Boca Raton, Fla.

The product works by utilizing nontraditional sources of data that is culled from 4 billion consumer and 300 million business records.

The product can access information on populations that may not have established credit histories--such as students, recent immigrants...