Identity Verification & Fraud Detection
Dealer Fraud is on the Rise – Is your store protected?
The headlines today tell the story – identity theft and fraud committed in the auto industry has topped one billion dollars – and continues to rise. Threats are coming at you from multiple directions. 700Credit is here to protect your store through our all-encompassing Identity Verification and Fraud Detection platform which includes the following solutions:
Identity Verification
Our Identity Verification solution provides a summary table of results appended to each credit report providing information that on the surface may seem true, but in reality, is questionable. These warning messages focus on high-risk applicants, social security numbers, driver’s licenses, and addresses.
Synthetic ID Fraud
Advancements in identity authentication practices compel criminals and their networks to constantly adjust their tactics to exploit opportunities for which there are limited solutions. Synthetic identity fraud is a recent example of this type of criminal creativity.
Our Synthetic ID Solution is built to combat synthetic fraud using a breadth of data and a suite of analytical fraud solutions to prevent criminals from continuing to hide behind their false identities.
Income & Employment Verification
Gain a more accurate understanding of your customer’s financial standing with instant income and employment verification that’s as recent as the consumer’s latest paystub. Offer better loan options and stronger deals while reducing steps in the sales process with a better, more secure way to verify customer information.
Driver’s License Authentication Solutions
Protect your store with the industry’s most advanced data capture and driver’s license authentication solutions for automotive retailers today. We have 2 platforms for dealer’s to authenticate customers – both remotely and in-store. Our solutions empower dealers to identify – and stop – fraud at the TOP of the sales funnel.
Mobile Scanner
QuickScan from 700Credit is a powerful mobile document authentication platform that provides dealerships real-time confirmation of the legitimacy of a customer’s driver’s license and identity. Although it can be used in-store, it is particularly helpful when used to verify the identities of online car buyers and leads.
Physical Scanner
ID Drive from 700Credit & eLend Solutions provides dealers with the most comprehensive physical driver’s license scanning solution for automotive dealers today. This platform combines our prescreen & prequalification platforms, and our suite of Identity Verification tools including Red Flag & Synthetic Fraud detection to deliver fast, accurate results.
What our Customers are Saying
Start catching fraud at the top of the sales funnel.
700Credit stands ready to help your dealership succeed. Fill out our questionnaire and a member of our team will reach out to you shortly.