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Identity Verification – What you should be doing NOW to protect your dealership – and your customers!

Speaker: Ken Hill, Managing Director, 700Credit

Creating Win-Win Service: Drive Sales Using Prescreens

During these “self isolating” times, consumers are spending more time shopping online than ever before. Unfortunately reports of fraud are on the rise as well and dealerships need to be vigilant. Do you have the right tools in place to keep your store – and your customers – safe? Identity Verification tools provide a vital service by issuing warnings about your customers that appear to be genuine on the surface but in reality, may be questionable. Synthetic Fraud ID, Red Flag, OFAC, and ID Verification alerts all identify patterns, practices or specific activities that indicate something is amiss – or worth digging in to for further verification before you complete the transaction. These warning messages focus on high-risk applicants, social security numbers, driver’s licenses and addresses. In this session, we will review the tools that are available to protect your dealership, and ensure you are in compliance with the law.