Alarming Number of Dealers Are Still Not Ready for This Year’s Safeguards Rule — Here’s What to Know
The ruling oversees how financial institutions protect consumer data, and dealerships must implement changes to protect their consumer data.
Many dealers continue to ponder the right digital retail strategy, and it is becoming clear that an omni-channel approach is the best approach.
By introducing readily available technologies into the online and in-store workflows, dealers can save themselves a lot of headaches.
Dealers need to implement what’s now considered everyday technology that can help them spot synthetic identity fraud before it happens.
Gain a competitive edge by leveraging the data and resources of the service lane.
Dealers need to implement technology that can help them spot synthetic identity fraud before it happens.
ID Drive, the industry’s most advanced data capture and driver license authentication solution, protects auto dealers, helps identify qualified buyers.
Prequalification functionality provides dealers with visibility into a consumer’s credit worthiness and requires only the consumer’s name and address to request a credit score and credit report.
Reynolds’ data mini.s to service customers who are not previous buyers at the dealership
AutoAlert has partnered with 700Credit to incorporate advanced credit prescreening capabilities into its CreditConvert solution for identifying credit-qualified customers.
Soft Pull, Prescreen, Pre-Qualification — these terms are gaining popularity in discussions at dealerships across the country.
The point spread between credit bureaus can range from minimal (5-10 points) to well over 100 points. The average spread is between 40 to 50 points. So why do credit scores vary between bureaus?