Business
Intellicheck and DealerSafeGuardSolutionS Collaborate to Protect Auto Dealers from Fraud
MELVILLE, N.Y.--(BUSINESS WIRE)-- Intellicheck (Nasdaq: IDN) and DealerSafeGuardSolutionS are collaborating to put the brakes on the growing problem of
About this update from Intellicheck, Inc.
[{"type":"text","content":" MELVILLE, N.Y.--(BUSINESS WIRE)--\nIntellicheck (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.\n\n\n“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.\n\n\n“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.\n\n\nIntellicheck’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.\n\n\nIntellicheck CEO Bryan Lewis noted, “Fraudulent purchasing and leasing agreements are not an isolated issue. They are sabotaging the bottom line of dealerships nationwide. Just r...