Compliance & Security
November 2, 2024

Protect Your Dealership: Introducing AVA ID 2.0 for Fraud Prevention

Identity theft, fake documentation, and fraudulent financing applications are on the rise

Reading time: 5 minutes
Protect Your Dealership: Introducing AVA ID 2.0 for Fraud Prevention

Introducing AVA ID 2.0: The Ultimate Fraud Prevention Tool for Automotive Dealerships

In today’s fast-paced world, automotive dealerships face increasing challenges, with fraud being one of the biggest threats. Identity theft, fake documentation, and fraudulent financing applications are on the rise, and dealerships are feeling the pressure to secure their transactions without slowing down the sales process. That’s where AVA ID 2.0 comes in—a game-changing identity verification solution designed specifically for automotive dealerships. AVA ID 2.0 empowers dealerships to prevent fraud, streamline transactions, and build stronger relationships with lenders.

If you're looking to enhance your dealership's security, reduce fraud, and keep deals moving smoothly, AVA ID 2.0 is here to revolutionize the way you verify customer identities. Let’s dive into what makes this tool so powerful.

The Rising Threat of Fraud in Automotive Dealerships

Before we jump into how AVA ID 2.0 works, let’s talk about the elephant in the room: fraud. The automotive industry has become a prime target for fraudsters, with incidents of identity theft and false documentation growing steadily. In fact, identity theft in Canada increased by 50% in 2022, with a significant portion of these cases targeting dealerships through fraudulent financing and fake IDs.

For many dealerships, the consequences of falling victim to fraud are severe. Not only do dealerships face financial losses, but their reputations with lenders can be tarnished, causing long-term damage to their business relationships. Fraud doesn’t just affect the bottom line—it slows down sales, frustrates customers, and strains your team.

That’s why dealerships are increasingly looking for fraud prevention tools that can safeguard their business while keeping transactions smooth and efficient.

Enter AVA ID 2.0: Designed to Stop Fraud in Its Tracks

So, how can AVA ID 2.0 help? This isn’t just another generic identity verification tool—it’s designed specifically with dealerships in mind. AVA ID 2.0 leverages advanced technology like facial recognition, biometric selfies, liveness checks, and document scanning to ensure your customers are exactly who they say they are, whether they’re in your showroom or completing a transaction remotely.

Here’s a breakdown of what makes AVA ID 2.0 the ultimate fraud prevention tool for dealerships:

Key Features of AVA ID 2.0

1. Facial Recognition Technology

Fraud prevention starts with knowing exactly who you’re dealing with. AVA ID 2.0 uses cutting-edge facial recognition technology to authenticate customers by capturing facial images from multiple angles and cross-referencing them with their provided IDs. The result? A highly accurate, fraud-proof verification process that gives you peace of mind.

2. Biometric Selfie & Liveness Check

To add an extra layer of security, AVA ID 2.0 incorporates biometric selfies and liveness detection. The biometric selfie ensures that the person standing in front of you matches their ID, while the liveness check confirms that they’re physically present—not a static image or deepfake. This prevents fraudsters from using fake identities or manipulated photos to deceive the system.

3. Document Scanning

One of the biggest challenges in identity verification is spotting fake documentation. AVA ID 2.0 takes the guesswork out of the equation by scanning both the front and back of official IDs, such as driver’s licenses and passports. This ensures that documents are authentic and valid, further reducing the risk of fraudulent activities.

4. Real-Time Verification

Time is money, especially in the world of auto sales. AVA ID 2.0 performs real-time verification, meaning your sales team doesn’t have to wait around for lengthy manual checks. Verification is instant, allowing you to keep the sales process smooth and efficient without compromising security.

5. PDF Reports for Lenders

When fraud is off the table and your customer’s identity is verified, AVA ID 2.0 generates a concise PDF report with all the verified customer details. This document can be attached to your financing packages, giving lenders the confidence they need to approve loans faster. Transparent documentation not only speeds up the lending process but also strengthens your relationships with key financial partners.

Why AVA ID 2.0 is a Game-Changer for Dealerships

Dealerships need more than just basic ID checks—they need a tool that works seamlessly within their existing workflow and doesn’t slow things down. Here’s why AVA ID 2.0 stands out from other solutions:

1. It’s Built for Dealerships

Unlike generic verification tools, AVA ID 2.0 was built with dealerships in mind. It integrates effortlessly into your existing systems, offering a seamless experience that keeps your sales process moving. And with the added benefit of a Chrome extension, you can initiate verification checks from any platform without switching screens.

2. It Protects Your Reputation

One fraudulent deal can damage a dealership’s relationship with lenders and customers. With AVA ID 2.0, you’re demonstrating your commitment to fraud prevention and regulatory compliance, which helps build trust across the board.

3. It’s Fast and Secure

No more waiting around for manual verifications or lengthy checks. AVA ID 2.0 delivers instant verification, keeping your team focused on what matters—closing deals. Plus, with advanced security features like liveness checks and document scanning, you’re fully equipped to prevent fraud without delays.

4. It Enhances Lender Relationships

Lenders value transparency, and AVA ID 2.0 provides exactly that. With verified customer data and clear PDF reports, your lenders will have everything they need to approve financing quickly, which means faster sales and a smoother closing process for you.

How AVA ID 2.0 Works in Your Dealership

AVA ID 2.0 was designed to integrate easily into your dealership’s day-to-day operations. Here’s how it works:

  1. Start the Deal: Whether it’s a walk-in or a remote transaction, initiate the ID verification process through the AVA ID 2.0 portal or Chrome extension.
  2. Real-Time Verification: AVA ID 2.0 performs real-time checks using facial recognition, biometric selfies, and liveness detection to ensure the customer is who they claim to be.
  3. Document Scanning: Scan both sides of official IDs to confirm their authenticity, reducing the chance of fraudulent documentation.
  4. Generate PDF Report: Once the identity is verified, a PDF report is automatically generated, which can be shared with your lender partners for faster approvals.

This entire process takes place in seconds, meaning you can verify customers and keep deals moving without the worry of fraud holding things up.

The Future of Fraud Prevention is Here

Fraud isn’t going away—but with AVA ID 2.0, you have the power to protect your dealership, build trust, and streamline your transactions. It’s a complete solution for preventing fraud, improving compliance, and speeding up the sales process—all while delivering a better customer experience.

Ready to see AVA ID 2.0 in action? Schedule a demo today and learn how this powerful tool can transform your dealership’s operations.

Conclusion: Why Your Dealership Needs AVA ID 2.0 Now

AVA ID 2.0 isn’t just another tool—it’s the future of identity verification for dealerships. By leveraging advanced technology like facial recognition, biometric selfies, and liveness checks, AVA ID 2.0 ensures that your dealership is fully protected from fraud while keeping transactions fast and efficient. Whether you’re dealing with customers in person or remotely, AVA ID 2.0 has you covered.

Don’t wait until fraud hits your dealership. Protect your business today with AVA ID 2.0.

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