In the Information Age, privacy is rapidly becoming an anachronism, a relic from another time and place.
Out of Wallet Authentication for car dealers is an important tool that dealerships can—and should—use to help ensure that their credit customers are, indeed, who they claim to be. Through database compilation, NCC generates out of wallet authentication for auto dealers that helps to thwart identity theft, and provide a critically important additional layer of security for credit customers.
With a few clicks on a computer screen, personal information that only a few years ago would have been known to only a few people is now readily accessible—anywhere, anytime. However, even in the Internet age there remains a few, select personal questions that are far less likely to become readily known by either legitimate creditors—or criminal identity thieves.
Although the questions asked may, at first, appear to be “irrelevant trivia”, Out of Wallet authentication risk protection poses questions that only credit customers themselves could answer; in fact, the term ‘out of wallet’ is derived from the fact the answers to these questions would not be readily available, based on information found in the common customer’s wallet.