FARMINGTON HILLS, Mich. — Automotive credit and compliance solutions provider 700 Credit LLC is now integrated within RouteOne’s IDOne solution, a “full-service” identity verification tool designed to help dealers manage compliance tasks, the companies announced.
“Identity verification is a critical component of the funding process today given the steep uptick in various types of fraud and identity theft,” said Ken Hill, managing director of 700Credit. “Connecting with RouteOne to provide IDOne enables dealers to have the peace of mind every time they pull credit that if the consumer is attempting a fraudulent purchase — or some information does not match up — our solution will flag the process and ask for more identifiable information before the transaction can proceed.”
IDOne was designed to validate a customer’s identity and pinpointing potential fraud every time a credit report is pulled within the RouteOne platform. IDOne uses multiple databases in the verification process to identify discrepancies and will automatically generate an authentication quiz in real-time if identity is not initially verified, according to the announcement.
“RouteOne is proud to offer a robust set of tools to dealers that helps them manage their daily compliance activities,” said Amanda George, the company’s senior vice president of product. “Welcoming 700Credit to our identity verification solutions further enhances our product offering.”
Originally posted on F&I and Showroom