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Retail: Credit Card Applications, Fraud Prevention and General Product Use
ID-Check FastForm for the Retail Market is a software application that works by scanning
the bar code or magnetic strip on the back of a driver’s license or Government ID then
automating this data into usable elements, such as name and address. The data then
automatically populates the fields to the credit application form, taking only 1 second. Our
technology can be implemented at the POS or in stand-alone kiosks.
With the changing times and identity theft issues, individuals are less willing to hold up the
checkout line to apply for credit, sharing their personal information at the register with a
store associate. Our technology allows individuals to apply for instant credit, in a
non-invasive way, and get an answer back, all within a minute. Our technology has increased
the number of applications processed by 12 times! More credit extended to individuals equals
more spending power and higher revenues for the store.
A simple scan replaces over 200 key strokes on a keyboard and eliminates all of the potential
undetected errors. Statistics show that an undetected error occurs every 500 keystrokes.
Eliminate data entry error, securely process credit card applications and significantly
increase the number of credit card applications being processed with our patented ID technology.
ID-Check for the Return and Exchange area is the same technology of swiping a drivers
license, but the application is slightly different. Because our software validates that the
ID is real, not fake, our technology acts as a deterrent for fraudulent return activity. Studies have
shown that by implementing our technology in the return and exchange area of department stores
located in 4 of the nation’s highest fraud rate cities, fraudulent activity decreased between
47% - 100%. This allows the honest customers to have better service.
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