In 2024, Visa conducted a study of fraud in the U.S. that found document fraud exploded 244%— and your dealership is in the crosshairs. From fake pay stubs to phony insurance cards to forged utility bills, fraud is harder to detect and easier to commit. Every bad deal costs time, money, and credibility with lenders.
But you’re not powerless. Informativ’s Verified Stips, powered by TurboPass, lets you collect and validate the most critical documents in seconds—directly from the source. Here are five hard-hitting reasons to ditch the paper chase and protect your profit.
1. Stop Fraud Before It Starts
What’s Happening
Fraudsters are using online templates, Photoshop, and AI-generated documents to fake their way into car deals.
Why It Matters
Your F&I team is under pressure—and fraudsters know it. A single bad deal can lead to chargebacks, bank fees, or even a repo.
How Informativ Helps
With Verified Stips, documents are pulled instantly from payroll providers, banks, insurers, and utilities—verified at the source, not by sight. It’s part of our multi-layered fraud prevention platform that protects every step of your process, from the first lead to final funding.
No screenshots. No fakes. Just real data from real sources—verified and secure.
2. Get Funded Faster
What’s Happening
Manual document collection slows down your deals. Every back-and-forth adds friction and gives customers time to walk away.
Why It Matters
Speed is everything in the showroom. A smoother path to funding equals more closed deals. By integrating with existing platforms like Informativ’s Compliance solution, RouteOne, and Dealertrack, Verified Stips fits seamlessly into your existing workflow—so you don’t have to change your process, just speed it up.
How Informativ Helps
Get verified proof of income, employment, insurance, and residence in seconds. Verified Stips helps you structure deals faster—and get funded without the friction.
3. Cut Compliance Risk by 50–80%
What’s Happening
Collecting sensitive docs at the wrong time exposes you to data breaches and compliance violations.
Why It Matters
Regulatory scrutiny is on the rise, and lawsuits are expensive.
How Informativ Helps
Informativ enforces compliance automatically. Our platform keeps PII off cell phones, storing dead deal jackets securely, and reducing your compliance burden up to 80%. Plus, Informativ only triggers full credit app collection after buyer commitment, shrinking your data exposure and compliance risk—without slowing down your sales flow.
4. Eliminate Dead Deals & Chasing Ghosts
What’s Happening
You’re spending hours tracking down stips from buyers who were never serious.
Why It Matters
Every hour spent on a dead lead is an hour not spent closing a real buyer.
How Informativ Helps
Informativ locks the process behind buyer commitment. No commitment? No full app. That means your team focuses only on real, ready-to-buy customers. By qualifying serious buyers earlier, you eliminate wasted time and focus on the most profitable, ready-to-buy customers.
5. Protect Your Profit from Costly Mistakes
What’s Happening
Dealerships are losing money on chargebacks, buybacks, and unrecoverable losses due to fake docs.
Why It Matters
In 2024 alone, auto finance fraud topped $9.2 billion—and it’s not slowing down.
How Informativ Helps
Verified Stips virtually eliminates bad docs and fake deals—protecting your profit, reputation, and relationships with lenders – some of which offer rebates and incentives for using Informativ’s Verified Stips (yes, a platform that pays for itself!). Plus, because fraud is caught early, your sales and F&I teams spend more time closing deals, not cleaning up bad ones.
Real Docs. Real Fast. Real Protection.
With 16,000+ lenders, 95% of payroll providers, 6,000+ utilities, and 95% of insurers covered, Informativ’s Verified Stips get you what you need, when you need it—without the risk.
3 Step Process
- Send a link to the customer’s mobile device.
- Customer uses their mobile device to connect their account.
- You review the generated reports.
Don’t Let Document Fraud Steal Your Next Deal
Protect your business. Speed up your deals. Stay compliant without extra work and without changing your process.
All with Verified Stips from Informativ, the platform that helps you sell more cars, more profitably, and with less risk.