Executives from 700Credit recently released QuickScan, a mobile document verification and fraud detection platform that can provide dealerships with real-time confirmation of the legitimacy of a customer’s driver’s license and identity.

The provider of credit, compliance, soft pulls and identity verification and fraud detection solutions said QuickScan can be particularly helpful when used to verify the identities of remote vehicle buyers. It also can be utilized in the store.

Ken Hill, managing director of 700Credit, explained this tool can be combined with the best practice of a soft pull prescreen which will deliver a more complete “picture” of the consumer.

Here’s how it works.

QuickScan sends a secure link to the consumer’s mobile device that walks them through the process of taking a picture of the front / back of their driver’s license, along with a selfie image. Their identity is then validated (or invalidated) in real time and the results are available in both 700Credit’s web portal and our mobile application.

“According to the Federal Trade Commission (FTC), retail businesses lose billions of dollars annually when fraudsters purchase or return goods by using counterfeit driver’s licenses as identity. Fraudsters have become increasingly sophisticated and are able to replicate driver’s licenses, that are NOT embedding state-of-the-art security features implemented by individual States,” Hill said in a news release.

“The QuickScan platform will help dealers detect fraud at the top of the sales funnel to protect their dealerships,” he went on to say.

To learn more, visit https://www.700credit.com/identityverification/quickscan.