PatriotDealer.com Fights Fraud with SmartID
SUWANEE, Ga. & EDISON, N.J. -- PatriotDealer.com expects to run 20,000 identity checks for auto dealers monthly by late summer using StrikeForce Technologies' VerifyID™, branded SmartID™ for the auto industry, to help fight identity theft nationwide.
SUWANEE, Ga. & EDISON, N.J. -- PatriotDealer.com expects to run 20,000 identity checks for auto dealers monthly by late summer using StrikeForce Technologies’ VerifyID™, branded SmartID™ for the auto industry, to help fight identity theft nationwide.
The major auto manufacturers' nationwide network of dealers are at high risk of auto theft due to vehicles' high value and the lack of proactive identity verification procedures for potential buyers, said J.R. Wilson, vice president of PatriotDealer.com.
SmartID is integrated into PatriotDealer.com's overall service offering, which encompasses its PATRIOT Act/OFAC compliance service and identity fraud prevention specifically designed for automobile dealers.
"Banks are now charging fraudulent deals back to the originating dealer and, in addition to losing the money, dealers are almost helpless to recapture the car once it's stolen," said Wilson. "Thieves quickly swap out the vehicle identification number, which is the only way the police can track stolen vehicles, and sell the car on the gray market or send the vehicle overseas or straight to a chop shop."
The USA Patriot Act imposes additional compliance responsibilities on auto dealers and finance companies, requiring greater due diligence when signing customer contracts. In many instances, banks and financing companies use the law to hold dealerships accountable for identity theft losses.
Launched in June, VerifyID helps eliminate this fraud by equipping dealers to screen out identity thieves with a simple set of unique questions that only the "real" applicant can accurately answer. Pretenders simply can't bluff the answers to questions selected from more than 22 billion public records spanning 30 years.
VerifyID's series of multiple-choice questions take just a few minutes to answer, and may ask about previous addresses, credit history, and previous cars - information only the "real" user would know.
More Digital

Fixed-Ops Automation Can Help Dealerships Stand Out
Technology turns everyday service repairs into lasting customer loyalty and dealer profitability.
Read More →
AI and the Auto Dealer
These are risks you can’t ignore as the technology becomes more and more of a presence in the auto retail environment.
Read More →
Data Drives Success
Dealerships that make decisions based on data rather than gut instinct or experience have a leg up on their competitors, according to a recent survey.
Read More →
AI: Facilitator, Not Fixer, in F&I
The dealerships that thrive in the years ahead will be those that embrace technology while continuing to invest in the people who make customer interactions count.
Read More →
Simple But Effective Hacking Surges
Data from the past year at U.S. auto dealerships finds that email and identity phishing are growing threat sources that can dispense with malware by exploiting trust.
Read More →
The Future of Car Dealerships
Artificial intelligence is reshaping the service-drive experience and will help retailers stay competitive.
Read More →
Structure Leads to Optimized Auto Listings
As the average car-buying journey has shifted to a blend of digital and retail, a dealership’s vehicle listings must be optimized to answer shoppers’ questions clearly and accurately.
Read More →
Real Intelligence
AI, though it presents many opportunities for productivity, efficiency and more, isn’t a one-for-one stand-in for people. It can augment human capital but not replace it altogether.
Read More →
Zurich Launches Advisor IQ for F&I Manager Coaching
The new platform uses real transaction data and artificial intelligence-driven insights to help car dealerships improve consistency and performance.
Read More →
F&I in the Digital Age
Digital retailing has not made the F&I manager obsolete. If anything, it has revealed how valuable the role can become when technology is used correctly.
Read More →