CheckMy ID
For Fraud Detection
Synthetic fraud rose by 98% in 2023, contributing to an estimated $7.9 billion in auto lender losses. The best step you can take to protect your business is pairing ID checks with insurance verification, virtually eliminating your exposure.
Many tools can read and parse the data on the ID, but our remote ID validation takes it a step further by performing more than 100 algorithmic checks on the ID’s barcode.
79%
of car dealerships experienced an identity fraud related vehicle loss last year. If your dealership hasn’t been impacted yet, it isn’t a matter of if it will happen but when the advance of fraudulent technology outpaces your ability to catch it.
Pairing insurance verification with technology-driven ID checks protects your business by making fraud nearly impossible, connecting these two high-powered capabilities.
How CheckMy ID Protects Your Business
Double-Check Identity
Teaming our verification of your customer’s ID against public record databases while also connecting with their insurance carrier through our consumer-driven process virtually eliminates the opportunity for fraud.
ID Match
It’s hard to know what to look for while verifying that an ID is authentic, especially when reviewing cards from other states. CheckMy ID can spot fraud across more than 10,700 global identity documents, keeping you safe.
Upgraded Verification for High Risks
Managing particularly high risks where fraud is prevalent or the cost of a loss is high? Supercharge your ID verification with CheckMy ID, accessing third-party databases and watch lists like OFAC to catch more than 95% of fraud, even before insurance verification double-check.
Schedule a Demo Today
Learn how CheckMy ID can help protect your business from synthetic fraud!
