The method of confirming an identity of a person who requests a financial transaction
utilizes a plurality of confirmatory processes. Some of these processes include
a voice responsive interactive session, an interactive electronic data session,
acquiring and comparing a third set of acquired data with data from the person,
and acquiring and comparing nth sets of acquiring data with data from the person.
Each confirmatory process has time and cost factors associated therewith. The processes
are prioritized and correlated to external factors such as the frequency of inquiry,
communications channel data, the communications device, random selection criteria
and sampling rate criteria. The financial transaction request is processed and
cleared or rejected. Some acquired data is stored data and has a nominal cost and
a substantially instantaneous. Other types of data are acquired from commercial
data sources. Representative time and cost factors are utilized in order to establish
a hierarchy of confirmatory processes based upon the external factors.
