|
He says he’s Bob Smith. But is he?
ADP’s Red Flag Solutions helps make it easy to confirm Bob Smith’s identity
All Dealers must comply with the new Federal Red Flag regulations. Several factors, like matching addresses on social security and drivers license documentation, will need to be verified in order to detect Red Flags and prevent fraud.
[PDF] Red Flag Solution Overview  |
 |
The Red Flag report is available from within your current workflow, viewable within your existing ADP Credit Check reports and as a separate Red Flag report within w.e.b.Credit, eliminating the need to exit the DMS to process credit and red flag inquiries in a separate, stand-alone system. No re-keying. Less keystroke errors. Faster credit processing.
What is Red Flag?
A Red Flag is pattern, practice, or specific activity that indicates the possible existence of identity theft. Red Flag regulations and guidelines affect all financial institutions and creditors; that is, anyone who arranges for the extension, renewal, or continuation of credit must adhere to these guidelines. The compliance deadline is May 1 2009, and failure to comply can result in hefty fines and potential damages.
Reduce fraud losses and liability exposure with ADP’s Red Flag solution
When you integrate ADP’s Red Flag solution, you will be able to:
Mitigate your risk with ADP’s Red Flag Solution
ADP's Red Flag Solution is a flexible, technologically sophisticated program that helps you not only identify potentially fraudulent deals, it helps you reduce the risk of exposure for your dealership. Specifically, you can:
Please note that ADP’s Red Flag Solution will not, by itself, bring a dealership in compliance, and that dealerships need to develop and implement a more comprehensive Red Flag compliance program. Please consult with your legal counsel regarding the Red Flag regulation requirements.
You can access ADP’s Red Flag solution directly within Credit Check from the ADP w.e.b.Suite, w.e.b.Suite1000, ARG and Lightspeed, dealer management systems, and can be setup to run with your preferred bureaus. ADP’s Red Flag solution can also be run via ADP w.e.b.Credit, a new, secure and easy-to-use credit management tool that saves your time and improves dealer accuracy by transferring customer credit information electronically. It centralizes your credit functions (K and CA for current ADP DMS customers) simpliflying access and storage to one platform..
ADP w.e.b.Credit is just one of several ADP applications that help to streamline your sales process and each product is specifically designed to improve each step of your process:
Meet & Greet and Negotiation:
ADP w.e.b.Desking finds the right deal and the right vehicle for your customers and your dealership.
Presentation:
ADP w.e.b.Menu lets you sell more products to more customers.
Contracting:
Satisfy your customers with fast, accurate contracts using ADP’s Digital Contracting and w.e.b.F&I*.
*ADP w.e.b.F&I is currently available in California only.
|
