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The new connection between the companies is designed to help digitize payments, targeting smoother transactions for automotive dealers.
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In-person inspections are inefficient and costly, but digital processes can pose fraud risk. Authentication solves the conflict for profits, customer satisfaction and greater competitiveness.
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Take this series of steps to help protect your business from fraud by this method.
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And you might want to hold onto those keys, while you’re at it.
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Less than 1% say they collect a digital copy, validate and compare against DMV records.
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Point Predictive fraud survey finds auto lenders fear worsening economic conditions will fuel a surge in fraudulent practices.
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Financial crises have long served as a catalyst for fraudulent activity in the automotive industry.
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Businesses involved in the automotive industry are realizing there is no single-source tactic to fraud prevention and are taking important steps to cover all possible bases to thwart the rising threat of fraudulent activity.
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Point Predictive reports lenders saw record levels of fraud in the past year. Learn how to spot the red flags of fraud to reduce its affects.
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