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One Swipe Protects Dealers Against Identity Theft and Slashes Time-to-Close
2013-09-18 21:52:49| AutomotiveDigest.com - Automotive Industry News
According to the FBI, Identify theft has overtaken the drug trade as the most costly U.S. crime. Dealerships are reporting that more fraudsters are presenting impeccable-looking (fake) IDs for test-drives, and then driving offor even successfully purchasing vehicles with them. Some lenders are now requiring dealers to buy back ID-theft-related deals. The ID thieves hitting dealerships today are super-sophisticated and so is their technology. But dealer ID verification processes arent. With all that endless photocopying, barcode-scanning and verification calling, they have remained in the Dark Ages, powerless against this fast-growing and incredibly costly problem, said Pete MacInnis, CEO of DealerCentric.ID Drive may be small and sit on a desk, but its the most potent anti-fraud and test-drive security solution ever invented for dealerships. With one scan at ID Drive, dozens of complex tests for thousands of ID types are automatically performed, leading to instant validation or red flags going up. Robust customer information is put in motion; sales and financing processes are jumpstarted, and time-to-close gets slashed. But the dealer benefits dont stop there! Read on ...The Article One Swipe Protects Dealers Against Identity Theft and Slashes Time-to-Close appeared first on Automotive Digest.
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Category:Automotive