700Credit rolls out driver’s license authentication integration with iTapMenu
Last week, 700Credit — a provider of credit reports, compliance solutions, soft pull, identity verification and fraud detection platforms — announced an integration with iTapMenu, an F&I menu platform that offers e-signature and e-payment solutions.
The new integration includes the Mobile Driver’s License Authentication Platform (QuickScan), Red Flag and OFAC compliancy tools.
Executives recapped that iTapMenu is an F&I presentation solution utilized by hundreds of automotive, powersport, RV, and marine dealerships in the U.S. and Canada.
The platform offers a live video feed built directly into the F&I menu software. It’s called FandEye and it’s designed to solve the remote delivery issue by providing many direct integrations with vendors such as 700Credit, DocuSign, Stripe, and Kelley Blue Book.
And now that iTapMenu has integrated the 700Credit Mobile Driver’s License Authentication Platform (QuickScan), the result can provide dealerships with real-time confirmation of the legitimacy of a customer’s driver’s license and identity.
In just minutes, dealerships can receive information on their consumers to detect and prevent fraud before it becomes costly.
The information and images captured can then be automatically loaded into the digital deal Jacket.
In addition, the QuickScan platform can provide a DMV look-up, device verification, synthetic ID fraud detection, identity verification and selfie comparison to driver’s license image.
“With the recent FTC Safeguards Regulations, a great deal of scrutiny has been placed on how dealers are handling copies of driver’s licenses today inside of their dealership,” 700Credit managing director Ken Hill said in a news release.
“Our mobile driver’s license authentication can provide real-time confirmation of the legitimacy of a customer’s driver’s license and identity and the data collected is stored in a secure environment in compliance with the rule,” Hill continued.
Shawn McCool, founder, and president of iTapMenu, added in the news release, “We feel this integration partnership completes the loop of the full remote delivery.
“We had offered an exclusive feature we call FandEye which is the first live video feed built directly into F&I presentation software. We then added a customizable pre-delivery remote questionnaire, DocuSign, and Stripe integration,” McCool continued.
“Our last step was security. We had to ensure our dealer clients could prevent fraud when using iTapMenu. We made the easy decision to partner with the market leader for biometric Driver’s License verification software. 700Credit was the obvious choice to partner with,” McCool went on to say.