Rental companies suffer surmountable financial losses each year from criminals who present counterfeit driver licenses and matching credit cards – whether stolen or fake – and drive away with expensive equipment, never to be seen again.
Depending on the nature of the assets – tools, furniture, electronics or other – rental service companies can immediately be impacted by the huge losses faced from equipment theft. These realities present conditions that require companies to comply with regulatory issues designed to curtail the crime. Non–compliance can lead to expensive fines; because of these large fines compounded with complex government regulations – such businesses need to mitigate risk at the point of transaction now more than ever.
FraudFighter™ is your first line of defense. By employing FraudFighter’s™ proven equipment rental fraud prevention tools, you can dramatically reduce the amount of these unnecessary and expensive losses by immediately verifying the authenticity of identification. Fraud Fighter™ designs and manufactures multi–layered product solutions that detect and deter counterfeit documents, funds and fake checks instantly at the critical point of transaction.
Key practices found to be effective for rental companies include the implementation of a “base layer” of protection provided by Fraud Fighter’s range of powerful and compact long–wave Ultraviolet counterfeit detection scanners. These UV scanners instantly detect and deter counterfeit fraud by enabling rental agency employees to quickly and accurately view the “hidden” UV security features present in driver licenses and credit cards – as well as a host of other important documents, including currency, passports, traveler checks and money orders.
The ICV product line adds more advanced layers of ID verification protection, as well as a higher level of regulatory compliance. By capturing encrypted digital images of ID documents, rental companies can both verify the license using very sophisticated database algorithms, and store a record of the event for archival and potentially for future law enforcement/prosecutorial uses.
FraudFighter™ empowers car rental companies with the ability to detect fake driver licenses and counterfeit credit cards at each location to immediately eliminate the incidences of vehicles stolen under false documentation. Detect and deter equipment rental fraud with simple to use tools that are low cost and immediately reduce the incidence of theft.