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Full Speed Ahead: Pros and Cons of Red Flags Checks

Full Speed Ahead: Pros and Cons of Red Flags Checks

Menu Providers’ Perspectives! Full speed ahead: The Red Flags Rule is in enforcement! Yes, that’s right, the day has finally arrived! And that means the time has come to comply, comply, comply! As of Jan. 1, the FTC not only has the power to go after banks, credit unions and captive lenders that violate the rule, … Read More »

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Pros and Cons of Red Flags Rule Compliance

Pros and Cons of Red Flags Rule Compliance

Many of the menu companies that our P&A readership use provide identity verification transactional checks to prevent identity theft and help satisfy the provisions for the Red Flags Rule. But how effective is the identity verification tool in thwarting identity theft and reducing liabilities? On Jan. 1, 2011, sections 114 and 315 of the Fair … Read More »

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Web Services: New Technology or New Hassle?

Web Services: New Technology or New Hassle?

I moderated a panel on web services at the VSCAC conference on Sept. 15. The panel consisted of Brent Allen, President, Stone Eagle Insurance; Kumar Kathinokkula, COO, F&I Administrative Solutions; Mark Virag, Managing Director, Open Dealer Exchange; and Brian Reed, CEO, Intersection Technologies, Inc. The following are some thoughts I took away from this session. … Read More »

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Software App Solves Industry’s Diverse, Ongoing Integration Needs

Software App Solves Industry’s Diverse, Ongoing Integration Needs

In June, P&A Magazine published an article titled “The Integrated Industry: Software Fact or Fiction?” which outlined the industry’s longstanding challenge of integrating various mission-critical software applications with the typical dealership management system (DMS). Sharing data with the DMS is an important requirement for providers of F&I products, and streamlining this process ensures accurate data, … Read More »

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Automating the VSC Claims Adjudication Process: Opportunities and Challenges

Automating the VSC Claims Adjudication Process: Opportunities and Challenges

Automation, systems integration and industry standardization can deliver great efficiencies, service improvements and cost reductions in the claims adjudication arena of the service contract industry. In an age where technology is making business in every industry more efficient, the claims process is no exception. However, there is much that can still be done. Challenges to … Read More »

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The Integrated Industry: Software Fact or Fiction?

The Integrated Industry: Software Fact or Fiction?

It is amazing that in 2010, 50 years into the Information Age, one of the toughest problems we face in our industry is the integration of various mission-critical software applications with the typical dealership management system (DMS). P&A Magazine spoke with industry experts about the current “State of the Industry” as it pertains to integration. … Read More »

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