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The DATATrue
system helps rental and payday loan stores maintain the
integrity of the application process.
By Dan Jobrack, Executive Vice President,
DATATrue, LLC
It's
a fact of life that not everyone is as honest as we'd like them
to be. While some omissions of fact may be innocent enough (i.e.
inadvertently switching digits in a phone number) others are not
(i.e. falsifying a social security number). Regardless of which
occurs in your rent-to-own store, DATATrue makes it possible for
store employees to access a system that automatically confirms
important information on a rental agreement.
For less than one dollar per inquiry the DataTrue system
provides information within a few seconds including; confirmed
address with apartment number, phone number, social security
number, date of birth, driver's license and bank account
information. Social Security Look-Up for skip-tracing and
reference information, both premium services, are also a click
away. Plus you can verify up to six (6) personal references.
Improved technology plus enhanced privacy concerns have made the
DATATrue product possible and necessary. Due to privacy laws,
banks will no longer give out account information to callers
looking to verify the existence of an account. Our system is a
way with the push of a button for employees to verify what they
are being told by a potential customer, unless one spends
excessive time hunting down what may no longer be accessible
through the conventional methods of yesteryear.
The DATATrue system helps rental and payday loan stores maintain
the integrity of the application process, while helping them
avoid fraud and save valuable manpower dollars at the same time.
Consider this example. If you serve 25 customers a week and
spend $8.00 an hour for an employee to check all the information
on a customer's application, say at 15 minutes each, you will
spend $216 a month and 27 hours of time on the process.
By comparison the same efforts with DATATrue would be $97
dollars and less than one hour of processing time for the same
monthly customers. That's a savings of 55% and 26 hours of
valuable payroll time better used for service.
So DATATrue offers an avenue of significant savings both in time
and money to a Rent to Own Dealer or Payday Loan Store. Plus you
can truly verify every transaction instead of hoping that each
one is verified, since it would no longer be labor intensive.
For more information or to see a no-cost Demo contact Dan
Jobrack at
djobrack@datatrue.net or call Dan at 209-951-9375.
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