The automotive rental trade loses hundreds of thousands of {dollars} yearly on account of identification fraud, which normally consists in scammers utilizing false, cast or stolen identification paperwork and impersonating different people. Individuals who have had their paperwork stolen and utilized in fraudulent schemes could be wrongfully prosecuted and arrested, and this leads them to sue automotive rental corporations for not offering enough safety towards fraud.
To stop fraud and related losses, efficient identification doc verification that includes forensic doc identification instruments utilized by many police forces and immigration enforcement officers worldwide, in airports and different border management posts, can bolster the resilience, pace and efficacy of automotive rental firm safety.
Using forensic doc readers geared up with full-spectrum lights (870nm infrared, 365nm ultraviolet, incident white and coaxial white lights) makes it attainable to confirm and validate all safety objects of the paperwork offered by the motive force, in addition to validate biometric information in radio-frequency identification (RFID) chips, by cross-referencing the photograph within the doc, the chip and the shopper and changing the outcomes right into a forensic similarity rating. Along with having the ability to decide whether or not the doc offered is genuine or not, it’s attainable to find out if the one who is renting the car is similar because the one featured within the doc.
Worldwide ID Template Information Base
You will need to needless to say, with a view to reliably confirm paperwork, it’s essential to have entry to a complete library of doc fashions (over 12,000 fashions from over 240 international locations) for cross-referencing functions. In any other case, the ID scanner is barely able to verifying very primary paperwork, excluding many varieties of home and worldwide identification.
KYC – Know Your Buyer Automation
In lots of international locations, Know-Your-Buyer (KYC) processes are required by laws for a lot of industries. They’re important in fraud prevention. KYC primarily includes full identification doc authentication, and identification doc scanners are fast, exact and dependable.
One of many best benefits of utilizing identification doc scanners for KYC is their capability to automate the method. Their use takes much less time, is much less liable to consumer error, and contributes to a greater consumer expertise.
Automated doc scanning has clear added worth: it reliably seeks out private information and successfully verifies them in a matter of seconds.
They’re much sooner in comparison with handbook information enter. It solely takes one or two seconds to course of a complete doc. An individual would take for much longer to manually course of the identical doc for varied causes (having to sort out all related data, filtering unknown or related overseas names comparable to Kira and Kyra, and so forth.).
They’re much less error-prone. Expertise and algorithms work finest when coping with high-volume, repetitive duties. There isn’t any risk of printing errors, so the info is stored clear and constant all through the whole system.
They cut back the workload of frontline personnel. Working with excessive numbers of passengers/purchasers will increase the potential for error and the probability of ignoring suspect/faux identification paperwork.
They supply a further safety layer. Id doc readers may confirm information extracted utilizing varied different strategies. This supplies additional safety to the enterprise with out requiring extra effort or intensive coaching.
They facilitate upkeep of compliance. Satisfactory doc scanners can confirm any identification doc from any nation, dashing up the combination course of and carrying it out based on native rules.
These are just a few examples of how automated extraction and verification of knowledge from identification paperwork may also help your organization develop into extra environment friendly and profitable.
This know-how, utilized by varied police forces and border management authorities worldwide, can now be utilized by automotive rental corporations. This makes the whole course of safer for each corporations and purchasers, bettering their expertise and stopping the lack of hundreds of thousands of {dollars} in preventable lawsuits.
