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06/28/2024
US Car Dealers Confront Another Growing Threat: ID Fraud
PYMNTS
With the summer holiday season approaching, many consumers are planning road trips and vacations, which often include car rentals. Late spring is also prime time for a high volume of car sales, resulting in surging credit applications to help purchase these vehicles. In either scenario, preventing fraud plays into a smoother ride for all parties. Identity verification to prevent fraud helps ensure delays with car rentals do not hinder customers. It also helps protect lenders and dealerships from fraudulent purchases.
“Steering Clear From Fraud: Identity Verification for the Automotive Industry” is the second edition of the Identity Verification Series, a collaboration between PYMNTS Intelligence and Intellicheck. It explores fraud and verification issues in the automotive industry, detailing current and future technologies and legislation surrounding prevention.
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