Is Your Sales Department Compliant?

Under the new FTC Safeguards rule, your sales department could be exposing you and your dealership to fines of over $100,000 per violation. The newly expanded FTC Safeguards rule took effect June 9, 2023. The compliance requirements can have a huge impact on your dealership if you’re not prepared and will result in devastating fines.

Here are the issues you should be concerned about:

Is your sales staff storing consumer information on their CELL PHONE or personal email?

Really, it’s not just sales staff. At a recent NADA, a GM confessed to having hundreds of driver’s license photos on his phone. This seemingly “easy” way to capture info is extremely costly. By using a solution with an app (like ours), you can quickly capture the driver’s license info you need to complete the deal.

Do employees leave private consumer information EXPOSED in un-secure locations?

Think - salesperson’s desk, the copy machine, private email accounts. All of this exposed personal information leaves you at risk for violations and hefty fines. Our software almost completely eliminates paper from your showroom and protects your dealership and your customers from potential exposure to data breaches.

Can you instantly identify FRAUDULENT drivers' licenses and other fake documents?

Unfortunately, fraud has become more prevalent in recent months and criminals are driving away with dealership vehicles at an alarming rate. In a recent webinar, 75% of dealers said they'd encountered fraud at their dealership in the last month, and 100% feel they could do more to prevent ID fraud. Add to that, a study by Experian Automotive & Experian that found identity fraud rose by more than a fifth (22%) this year.

Our software solution instantly provides protection by detecting fraud the minute a driver's license is uploaded.

Are you able to reliably store “dead deals” for the REQUIRED 5 YEARS?

That’s a lot of deals with a lot of personal information that you’re responsible for storing, protecting, and PROVING that you’re retaining. Our solution stores the dead deal jackets electronically and supports your compliance checks.

Want more information? Check out our free whitepaper to learn 5 Compliance Violations Putting Your Dealership at Risk, here.