Intellicheck and DealerSafeGuardSolutionS Collaborate to Protect Auto Dealers from Fraud
February 04 2020 - 8:13AM
Business Wire
Intellicheck (Nasdaq: IDN) and DealerSafeGuardSolutionS are
collaborating to put the brakes on the growing problem of
fraudulent automobile purchases and leasing. Under the new
cooperative agreement, DealerSafeGuardSolutionS will offer
Intellicheck’s Retail ID desktop and mobile app solution as part of
its digital compliance enforcement platform to provide fraud
protection to their more than 550 automobile dealerships’ locations
nationwide.
“Automobile dealerships are under increasing pressure from
identity theft. Fraudsters are using stolen personally identifiable
information to create sophisticated fake IDs to rip-off dealers. At
the same time, lenders are moving to shift the burden of absorbing
defaulted payment losses to the dealer. As a result of this
collaboration, for the first time, dealers will have a
comprehensive, integrated platform assuring them that every license
is inspected and verified every time,” said Doug Fusco, Founder and
CEO of DealerSafeGuardSolutionS.
“We take our commitment to our dealership partners very
seriously, which is why I was determined to find the right solution
to address the critical need for fraud prevention. We evaluated
Retail ID based on the recommendations of a major financial
institution and law enforcement. We evaluated several programs and
Intellicheck’s Retail ID was the best. It’s superior accuracy and
speed was impressive. Retail ID meets the vital need to provide an
engaging customer experience, while assuring that the dealer won’t
be duped by bad actors,” explained Fusco.
Intellicheck’s cutting-edge technology solution is coupled with
the DealerSafeGuardSolutionS’ Digital Compliance Enforcement
program to provide automotive dealerships with a comprehensive
digital software solution. It allows a salesperson to scan an ID to
combine identification authentication with automation of the
necessary controls and required dealer packet process that all
dealerships must follow. The new all-inclusive platform provides
another advantage because the necessary controls and processes
occur even earlier in the sales process, which is an added benefit
for dealers.
Intellicheck CEO Bryan Lewis noted, “Fraudulent purchasing and
leasing agreements are not an isolated issue. They are sabotaging
the bottom line of dealerships nationwide. Just recently,
dealerships in Florida were ripped off for more than $200,000 on
the sales of luxury cars by fraudsters using stolen identification.
DealerSafeGuardSolutionS has taken a leadership role to address
this significant problem that is growing at an unprecedented
rate.”
Intellicheck’s Retail ID provides businesses with proven,
real-time customer identification authentication that delivers a
superior level of transaction and new account fraud protection. The
cutting-edge software addresses consumer concerns over payment
security and identity fraud, while delivering a frictionless
customer experience. Retail ID supplies real-time identification
authentication that is 99.9% effective, allowing retailers to
realize the benefits of fraud prevention instantly and
affordably.
Intellicheck is an industry leader in identification
authentication and age verification. The company’s proven
technology solutions provide real-time customer identification
authentication that prevents fraud, while delivering a frictionless
customer experience.
About Intellicheck
Intellicheck (Nasdaq: IDN) is a trusted industry leader in
technology solutions that stop identity theft and fraud with
real-time identification authentication and age verification. We
make it possible for our clients to increase revenues, improve
customer service, and increase operational efficiencies. Under new
direction, the company is focused on partnering with banks, credit
card issuers and retailers to prevent fraud. Intellicheck also
serves law enforcement agencies, national defense clients and
diverse state and federal government agencies. For more information
on Intellicheck, visit http://www.intellicheck.com/ and follow
Intellicheck on Twitter, Facebook, or LinkedIn and on YouTube.
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version on businesswire.com: https://www.businesswire.com/news/home/20200204005014/en/
Intellicheck Media and Public Relations: Sharon Schultz (302)
539-3747 Intellicheck Investor Relations: Gar Jackson (949)
873-2789
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