Fraud Detection and Insurance Checks Set to Drastically Reduce Losses, Ensure Compliance, and Improve Revenue
Modives and Connexion Mobility announced an exciting new partnership to introduce identity and insurance verification into the automotive industry. Starting with courtesy transportation, Connexion Mobility’s thousands of dealership customers can now redefine their courtesy fleet risk management in a space exposed to tough-to-manage losses and increased regulation.
“This partnership exemplifies how technology can empower dealerships to reimagine their operations”
According to Point Predictive, outdated verification processes enabled synthetic fraud to drive a $7.9 billion cost to the US auto industry in 2023. Beyond that expense, antiquated verification leads to loss of use of vehicles, repair costs, business interruption, and liability risk—each of which is difficult to quantify.
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Compounding the matter, recent changes to the Federal Trade Commission’s Safeguards Rule are already reshaping compliance requirements for auto dealerships, OEMs, and lenders. Those groups are subject to fines of up to $51,744 per violation (such as a verification event) if they do not comply with requirements for protecting sensitive customer data, including insurance coverage. Beyond the fines, failure to comply with regulations carries the additional cost of legal fees and settlements.
CheckMy Driver, the Modives patent-pending insurance verification application, and CheckMy ID address these new compliance requirements with a secure, automated, and real-time solution for insurance and ID verification, protecting customer data and reducing dealership liability.
The collaboration seamlessly integrates CheckMy Driver and CheckMy ID into Connexion’s fleet and rental management platform, enhancing dealers’ operational efficiency, ensuring regulatory compliance, and unlocking new revenue streams.
Together, Connexion and Modives are modernizing automotive fleet operations, improving compliance, customer experience, and profitability.
“Connexion Mobility’s high-volume operations present a unique opportunity to set a new standard for efficiency and security in the automotive sector,” said Modives CEO Fred Waite. “By integrating CheckMy Driver and CheckMy ID into their dealers’ workflows, Connexion not only empowers dealers to mitigate risks but also leverages the resulting unique customer data for revenue-generating activity.”
Beyond mitigating risk and improving operational efficiency, the integration creates a better consumer experience, unlocking “Express Check-in” capability and boosting dealers’ CSI. By leveraging insurance and identity verification data, dealerships can identify prime sales moments for vehicle upgrades, new car purchases, and ancillary products like warranties and vehicle service contracts (VSCs). This approach transforms traditional, service-based courtesy rental transactions into profitable customer acquisition channels.
“This partnership exemplifies how technology can empower dealerships to reimagine their operations,” said Connexion Mobility CEO Aaryn Nania. “By turning routine transactions into strategic opportunities, we are not only enhancing customer experiences and protecting OEMs and dealers’ businesses, but also helping our dealers uncover new revenue potential. CheckMy Driver and CheckMy ID are the perfect complement to our mission of delivering valuable innovation to the automotive industry.”
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