1300 552 106

ID Scanner Solutions to Reduce Lender Losses

Protect your business from fake & illegitimate identity usage.

Is Identity Fraud Affecting Your Business?

It’s not uncommon for criminals to take out loans with a fake ID, which in turn results in significant losses for the lender and massive debt for the individual whose identity was stolen.

In 2012, a woman was able to use two fake IDs to illegally secure $65,000 in government aid and $27,000 in tax refunds.

In 2013, the Federal Bureau of Investigation broke up a $200 million dollar scam to run up large loans using a series of 7,000 fake identifications.

In 2014, a man in the United States was able to secure a $9,000 car loan using a fake ID along with fake employment information and a fake address.

This criminal behaviour results in large losses for lenders who are almost always unable to recoup the loans. Additionally, when the news of these scams breaks, it almost always hurts the reputation of the lender, resulting in a dip in share price, negative publicity, and lowered trust from their customers.

In addition to lender losses, retail stores which offer credit also lose money. For example, criminals often take often take advantage of companies that offer no interest or payment for the first 12 months. After 12 months, when the company goes to collect payment, the criminal is long gone, and the victim of the identity theft is left with unwarranted debt.

Only retailers with the ability to detect these fake identifications can effectively fight back against scheming criminals.

The Solution: Identity Scanners

Fortunately, there is. Scantek has the comprehensive solution for fighting against fraud.

Scantek can detect even the most realistic fake IDs, presenting a new way to reduce the risk of fraud significantly.

Scantek can recognise and read all acceptable forms of IDs in Australia, including Drivers Licences, Proof of Age Cards (including 18+, Keypass, Photo Cards) and Passports, both Australian and International.

Our Features

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Fast, Accurate Scanning

Scantek has been designed from the ground up to be the fastest and the most accurate scanning system available in Australia and worldwide.

Scan All Valid IDs

Scantek can recognise and read all acceptable forms of IDs in Australia, including Drivers Licences, Proof of Age Cards (including 18+, Keypass, Photo Cards) and Passports, both Australian and International.

Reduce Losses

Scantek’s ID authentication allows our customers to deny purchases, prevent fraudulent ID usage, and minimise loss through fraud.

Leading Fraud Detection

Scantek features advanced fraud detection which alerts businesses to any suspicious or devious behaviour from customers and clients.

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Privacy and Security

Privacy and data security are important to Scantek. Scanned information is only accessible from nominated accounts with the highest level of access to the secure Scantek Interface. Account activity is logged for review.

Complete Checks

Each ID is passed through dozens of authentication checks when scanned, ensuring the ID is valid and the customer has no past infractions. 

User Friendly

Scantek has been designed for ease of use, without a complicated interface and without extra steps to take just to scan an identity.

24/7 Australian Support

Someone from Scantek is available on the 24 hours a day, 7 days a week. We don’t outsource our support offshore like other companies, and you call us anytime on 1300 552 106, and someone will answer the phone.

Customisable & Versatile

Scantek’s systems meet the needs of large business of all types. Adjust reporting and integration requirements with customisable software.

Every year online fraud and digital identity theft result in losses in the millions for the financial sector.

Late last year a Melbourne-based mortgage broking business admitted his sophisticated scheme involved preparing over 600 fake home loan applications.

They would create false documents such as fake bank statements, payslips, driver’s licences and citizenship certificates and applied for loans successfully with the big banks to the tune of $170 million.

What Does This Mean for the Financial Sector?

Loss of Reputation

Security problems directly affect the company’s reputation affecting obtaining new clients as well as relationships with partners and investors.

Loss of Client Trust

is perceived as a breach in the security of personal and financial information, which causes a loss of clients, who are looking for institutions that can offer them more guarantees.

Security Audits

Security audits are required for financial institutions that store data classified with a medium or high level of security every two years.

And although failure to carry out an audit does not involve a penalty in and of itself, unauthorized loss, alteration, access, or handling of personal data does.

Loss of Income

All of the foregoing, directly or indirectly, lead to loss of income affecting the institution’s profit.